/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES OF AMERICA./
TORONTO, Dec. 31, 2019 /CNW/ - CI First Asset Exchange
Traded Funds, a division of CI Investments Inc., announces the
confirmed amounts of the annual special, year-end distributions
(the "Special Distributions") for the 2019 tax year for its
CI First Asset exchange traded funds ("CI First Asset
ETFs"), as set out in the table below.
Each of the CI First Asset ETFs is required to distribute any
net income and capital gains that it has earned in the year.
The Special Distributions will generally consist of capital gains
and/or any excess net income at year end. Other than in
respect of CI First Asset High Interest Savings ETF, the Special
Distributions will not be paid in cash, but will be reinvested and
the resulting units immediately consolidated so that the number of
units held by each investor will not change. Investors
holding their units outside registered plans will have taxable
amounts to report and an increase in the adjusted cost base of
their investment. In all cases, other than CI First Asset High
Interest Savings ETF, the Special Distributions will be reinvested
on or about December 31, 2019 to
unitholders of record on December 30,
2019. With respect to CI First Asset High Interest Savings
ETF, the Special Distribution will distribute interest accrued
between December 23, 2019 and
December 31, 2019 and will be paid in
cash on or about January 7, 2020 to
unitholders of record on December 31,
2019. The ex-dividend date in each case is December 27, 2019, with the exception of CI First
Asset High Interest Savings ETF which has an ex-dividend date of
December 31, 2019.
These confirmed amounts are for the Special Distributions only
and do not include the ongoing regular monthly or quarterly cash
distribution amounts which were announced on December 12, 2019, in a separate press
release. These confirmed Special Distribution amounts replace
the previous estimates announced on December
6, 2019.
The actual taxable amounts of all distributions for the CI First
Asset ETFs for 2019, including the tax characteristics of the
distributions, will be reported to brokers (through CDS Clearing
and Depository Services Inc. or "CDS") in early 2020.
|
Fund
Name
|
TSX Trading
Symbol (or the
NEO Exchange,
where
indicated)
|
CONFIRMED
Special
Distributions
per Fund
Unit
|
|
CI First Asset
Morningstar Canada Momentum Index ETF
|
WXM
|
$0.025
|
|
CI First Asset
Morningstar National Bank Québec Index ETF
|
QXM
|
$0.611
|
|
CI First Asset
Morningstar International Momentum Index ETF
|
ZXM
|
$0.229
|
|
ZXM.B
|
$0.240
|
|
CI First Asset
Morningstar US Dividend Target 50 Index ETF
|
UXM
|
$0.064
|
|
UXM.B
|
$0.073
|
|
CI First Asset MSCI
Europe Low Risk Weighted ETF
|
RWE
|
$0.631
|
|
RWE.B
|
$0.009
|
|
CI First Asset MSCI
USA Low Risk Weighted ETF
|
RWU
|
$0.050
|
|
RWU.B
|
$0.599
|
|
CI First Asset MSCI
World Low Risk Weighted ETF
|
RWW
|
$1.815
|
|
RWW.B
|
$2.282
|
|
CI First Asset MSCI
International Low Risk Weighted ETF
|
RWX
|
$0.345
|
|
RWX.B
|
$0.165
|
|
CI First Asset
Morningstar US Momentum Index ETF
|
YXM
|
$0.017
|
|
YXM.B
|
$0.022
|
|
CI First Asset
Enhanced Government Bond ETF
|
FGO
|
$0.219
|
|
FGO.U
|
$0.018 (USD$)
|
|
CI First Asset U.S.
Buyback Index ETF
|
FBU
|
$0.135
|
|
CI First Asset Global
Financial Sector ETF
|
FSF
|
$0.018
|
|
CI First Asset
Morningstar Canada Dividend Target 30 Index ETF
|
DXM
|
$0.019
|
|
CI First Asset High
Interest Savings ETF
|
CSAV
|
$0.0227
|
|
CI First Asset U.S.
TrendLeaders Index ETF
|
SID
|
$0.001
|
|
CI First Asset
Canadian Convertible Bond ETF
|
CXF
|
$0.008
|
|
CI First Asset
Morningstar International Value Index ETF
|
VXM
|
$0.049
|
|
VXM.B
|
$0.052
|
|
CI First Asset
Morningstar US Value Index ETF
|
XXM
|
$0.041
|
|
XXM.B
|
$0.053
|
|
CI First Asset
ETFs listed below do not have any Special Distributions for
2019:
|
|
CI First Asset
Morningstar Canada Value Index ETF
|
FXM
|
-
|
|
CI First Asset MSCI
Canada Low Risk Weighted ETF
|
RWC
|
-
|
|
CI First Asset Energy
Giants Covered Call ETF
|
NXF
|
-
|
|
NXF.B
|
-
|
|
CI First Asset Health
Care Giants Covered Call ETF
|
FHI
|
-
|
|
FHI.B
|
-
|
|
CI First Asset Tech
Giants Covered Call ETF
|
TXF
|
-
|
|
TXF.B
|
-
|
|
CI First Asset 1-5
Year Laddered Government Strip Bond Index ETF
|
BXF
|
-
|
|
CI First Asset Active
Canadian Dividend ETF
|
FDV
|
-
|
|
CI First Asset Global
Asset Allocation ETF
|
CGAA
|
-
|
|
CI First Asset U.S.
& Canada Lifeco Income ETF
|
FLI
|
-
|
|
CI First Asset Active
Utility & Infrastructure ETF
|
FAI
|
-
|
|
CI First Asset Active
Credit ETF
|
FAO
|
-
|
|
FAO.U
|
-
|
|
CI First Asset
Canadian Buyback Index ETF
|
FBE
|
-
|
|
CI First Asset
Investment Grade Bond ETF
|
FIG
|
-
|
|
FIG.U
|
-
|
|
CI First Asset
Enhanced Short Duration Bond ETF
|
FSB
|
-
|
|
FSB.U
|
-
|
|
CI First Asset Gold+
Giants Covered Call ETF
|
CGXF
|
-
|
|
CI First Asset
Canadian REIT ETF
|
RIT
|
-
|
|
CI First Asset Long
Duration Fixed Income ETF
|
FLB
|
-
|
|
CI First Asset
European Bank ETF
|
FHB
|
-
|
|
CI First Asset
Preferred Share ETF
|
FPR
|
-
|
|
CI First Asset MSCI
World ESG Impact ETF
|
CESG
(NEO-listed)
|
-
|
|
CESG.B
(NEO-listed)
|
-
|
|
CORPORATE CLASS
ETFs
|
|
|
|
CI First Asset
CanBanc Income Class ETF
|
CIC
|
-
|
|
CI First Asset Core
Canadian Equity Income ETF
|
CSY
|
-
|
|
CI First Asset Short
Term Government Bond Index Class ETF
|
FGB
|
-
|
|
CI First Asset MSCI
Canada Quality Index Class ETF
|
FQC
|
-
|
CI First Asset ETFs
CI First Asset ETFs, a division of
CI Investments Inc., a leading provider of ETFs in Canada, offers a comprehensive suite of ETF
solutions. Rooted in strong fundamentals, the diverse and
specialized lineup of CI First Asset ETFs strive to deliver better
risk-adjusted returns than the broad market while helping investors
achieve their personal financial goals. CI Investments Inc. is a
subsidiary of CI Financial Corp. (TSX: CIX), an independent,
Canadian-owned wealth management firm.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase CI First Asset ETFs and is not, and should
not be construed as, investment, tax, legal or accounting advice,
and should not be relied upon in that regard. Commissions,
management fees and expenses all may be associated with investments
in exchange-traded funds (ETFs). Please read the prospectus before
investing. ETFs are not guaranteed, their values change frequently
and past performance may not be repeated. You will
usually pay brokerage fees to your dealer if you purchase or sell
units of an ETF on the TSX or the NEO Exchange. If the units are
purchased or sold on the TSX or the NEO Exchange, investors may pay
more than the current net asset value when buying units of the ETF
and may receive less than the current net asset value when selling
them.
The CI First Asset Exchange Traded Funds are managed by CI
Investments Inc. CI First Asset and its logo are trademarks of CI
Investments Inc.
SOURCE CI First Asset ETFs