Estimated 2015 Annual Special Distributions For First Asset ETFs

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES OF AMERICA/

TORONTO, Dec. 8 2015 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces the estimated annual special year-end distributions (the "Special Distributions") for the 2015 tax year for the First Asset ETFs listed below. Please note that these are estimated amounts only as of November 30, 2015 and include certain forward-looking information which may cause the estimated Special Distributions to change before the First Asset ETFs' tax year-end on December 15, 2015.  These estimated amounts are for the Special Distributions only and do not include the ongoing regular monthly or quarterly cash distribution amounts which are expected to be announced in a separate press release on or before December 17, 2015. 

Each of the 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. 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, the Special Distributions will be paid to unitholders of record on December 30, 2015. The ex-dividend date in each case is December 24, 2015.

First Asset expects to announce the final Special Distribution amounts (subject to any further revisions to per unit amounts resulting from subscription and redemption activity prior to the record date) on or about December 30, 2015. The actual taxable amounts of all distributions for 2015, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2016.

Fund Name

TSX
Trading
Symbol

Estimated
Special Distributions
per Fund Unit as at
11/30/2015

First Asset Morningstar National Bank Québec Index ETF

QXM

$0.9700

QXM.A

$0.9700

First Asset Morningstar Canada Momentum Index ETF

WXM

$0.1000

WXM.A

$0.1400

First Asset Morningstar US Value Index ETF

XXM

$0.2700

XXM.A

$0.3600

XXM.B

$0.2300

XXM.D

$0.3500

First Asset Morningstar US Dividend Target 50 Index ETF

UXM

$0.0400

UXM.A

$0.0200

UXM.B

$0.0000

UXM.D

$0.0000

First Asset MSCI World Low Risk Weighted ETF

RWW

$0.0500

RWW.A

$0.0500

RWW.B

$0.1100

RWW.D

$0.1100

First Asset Canadian REIT ETF

RIT

$0.5800

RIT.A

$0.1900

First Asset Can-Energy Covered Call ETF

OXF

$0.00

OXF.A

$0.00

First Asset Can-Materials Covered Call ETF

MXF

$0.00

MXF.A

$0.00

First Asset Canadian Convertible Bond ETF

CXF

$0.00

CXF.A

$0.00

First Asset Tech Giants Covered Call ETF

TXF

$0.00

TXF.A

$0.00

First Asset Energy Giants Covered Call ETF

NXF

$0.00

NXF.A

$0.00

NXF.B

$0.00

NXF.D

$0.00

First Asset Morningstar Canada Dividend Target 30 Index ETF

DXM

$0.00

DXM.A

$0.00

First Asset Morningstar Canada Value Index ETF

FXM

$0.00

FXM.A

$0.00

First Asset Morningstar US Momentum Index ETF

YXM

$0.00

YXM.A

$0.00

YXM.B

$0.00

YXM.D

$0.00

First Asset Morningstar International Value Index ETF

VXM

$0.00

VXM.A

$0.00

VXM.B

$0.00

VXM.D

$0.00

First Asset Morningstar International Momentum Index ETF

ZXM

$0.00

ZXM.A

$0.00

ZXM.B

$0.00

ZXM.D

$0.00

First Asset Provincial Bond Index ETF

PXF

$0.00

PXF.A

$0.00

First Asset 1-5 Year Laddered Government Strip Bond Index ETF

BXF

$0.00

BXF.A

$0.00

First Asset MSCI Canada Low Risk Weighted ETF 

RWC

$0.00

RWC.A

$0.00

First Asset MSCI USA Low Risk Weighted ETF

RWU

$0.00

RWU.A

$0.00

RWU.B

$0.00

RWU.D

$0.00

First Asset MSCI Europe Low Risk Weighted ETF

RWE

$0.00

RWE.A

$0.00

RWE.B

$0.00

RWE.D

$0.00

First Asset Hamilton Capital European Bank ETF

FHB

$0.00

FHB.A

$0.00

First Asset Active Canadian Dividend ETF

FDV

$0.00

FDV.A

$0.00

First Asset U.S. & Canada Lifeco Income ETF

FLI

$0.00

FLI.A

$0.00

First Asset Active Utility & Infrastructure ETF

FAI

$0.00

FAI.A

$0.00

First Asset Active Credit ETF

FAO

$0.00

FAO.A

$0.00

FAO.U

$0.00

FAO.V

$0.00

First Asset Core Canadian Equity ETF

CED

$0.00

CED.A

$0.00

First Asset Core U.S. Equity ETF

CES

$0.00

CES.A

$0.00

CES.B

$0.00

CES.D

$0.00

CES.U

$0.00

CES.V

$0.00

First Asset Core Balanced ETF

CBB

$0.00

CBB.A

$0.00

First Asset CanBanc Income ETF

CIC

$0.00

CIC.A

$0.00

First Asset Core Canadian Equity Income ETF

CSY

$0.00

CSY.A

$0.00

First Asset provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they be construed to be, legal or tax advice to any particular person.

Forward-looking information
This press release contains forward-looking statements with respect to the estimated Special Distributions for the First Asset ETFs. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements.  Material factors that could cause the actual Special Distributions to differ from the estimated Special Distributions between now and December 15, 2015 (the First Asset ETFs' tax year-ends) include, without limitation: the actual amounts of distributions received by the First Asset ETFs; the actual amount of capital gains generated from sales of securities; and subscription and redemption activity in the First Asset ETFs.

First Asset - Smart Solutions®
First Asset is an investment firm focused on providing smart, low cost solutions that address the real-world investment needs of Canadians - capital appreciation, income generation and risk mitigation. Rooted in strong fundamentals, First Asset's smart solutions strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals.

This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.

SOURCE First Asset

For further information: Investor Relations, First Asset at 416-642-1289 or 18776421289 or visit www.firstasset.com.

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