Estimated 2016 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. 9, 2016 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces the estimated annual special year-end distributions (the "Special Distributions") for the 2016 tax year for the First Asset ETFs listed below. Please note that these are estimated amounts only as of November 30, 2016 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, 2016.  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 16, 2016. 

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 on or about December 30, 2016 to unitholders of record on December 29, 2016.  The ex-dividend date in each case is December 23, 2016.

First Asset expects to announce the final, confirmed 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, 2016.  The actual taxable amounts of all distributions for 2016, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2017.


Fund Name

TSX Trading
Symbol

Estimated

Special Distributions

per Fund Unit as at

November 30, 2016

First Asset Morningstar National Bank Québec Index ETF

 

QXM

$0.6400

QXM.A

$0.6600

First Asset Morningstar US Value Index ETF

 

 

 

XXM

$0.0700

XXM.A

$0.0600

XXM.B

$0.1600

XXM.D

$0.0600

First Asset Morningstar US Dividend Target 50 Index ETF

 

 

 

UXM

$0.1500

UXM.A

$0.1500

UXM.B

$0.9500

UXM.D

$0.7800

First Asset Morningstar International Value Index ETF

 

 

 

VXM

$0.2300

VXM.A

$0.3300

VXM.B

$0.1000

VXM.D

$0.2700

First Asset Morningstar International Momentum Index ETF

 

 

 

ZXM

$0.0800

ZXM.A

$0.0300

ZXM.B

$0.1300

ZXM.D

$0.0600

First Asset MSCI World Low Risk Weighted ETF

 

 

 

RWW

$0.2900

RWW.A

$0.9400

RWW.B

$0.0000

RWW.D

$1.0100

First Asset MSCI USA Low Risk Weighted ETF

 

 

 

RWU

$0.0900

RWU.A

$0.0600

RWU.B

$0.0400

RWU.D

$0.1200

First Asset MSCI Europe Low Risk Weighted ETF

 

 

 

RWE

$1.3000

RWE.A

$0.3900

RWE.B

$0.3100

RWE.D

$0.2500

First Asset Canadian REIT ETF

 

RIT

$0.2100

RIT.A

$0.3800

First Asset Tech Giants Covered Call ETF

 

TXF

$0.3900

TXF.A

$0.8400

First Asset Core U.S. Equity ETF

 

 

 

CES

$0.1900

CES.A

$0.2500

CES.B

$0.2300

CES.D

$0.2500

CES.U

$0.3800

CES.V

$0.3700

First Asset Cambridge Core U.S. Equity ETF

 

FCY

$0.3700

FCY.B

$0.3000

First Asset Long Duration Fixed Income ETF

FLB

$0.3200




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 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 Momentum Index ETF

 

WXM

$0.00

WXM.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 MSCI Canada Low Risk Weighted ETF

RWC

$0.00

RWC.A

$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 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 European Bank ETF

FHB

$0.00

FHB.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 Balanced ETF

 

CBB

$0.00

CBB.A

$0.00

First Asset Global Financial Sector ETF

FSF

$0.00

First Asset Preferred Share ETF

FPR

$0.00

First Asset Investment Grade Bond ETF

FIG

$0.00

First Asset Cambridge Core Canadian Equity ETF

FCE

$0.00

First Asset Canadian Buyback Index ETF

FBE

$0.00

First Asset U.S. Buyback Index ETF

FBU

$0.00

First Asset U.S. Equity Multi-Factor Index ETF

FUM

$0.00

First Asset Canadian Dividend Low Volatility Index ETF

FDL

$0.00

First Asset U.S. Tactical Sector Allocation Index ETF

FUT

$0.00

CORPORATE CLASS ETFs

Note 1


First Asset CanBanc Income Class ETF

CIC

$0.00

First Asset Core Canadian Equity Income ETF 

CSY

$0.00

First Asset Short Term Government Bond Index Class ETF 

FGB

$0.00

First Asset MSCI Canada Quality Index Class ETF 

FQC

$0.00

First Asset Global Value Class ETF

FGU

$0.00

First Asset Global Value (CAD Hedged) Class ETF

FGV

$0.00

First Asset Global Momentum Class ETF               

FGL

$0.00

First Asset Global Momentum (CAD hedged) Class ETF

FGM

$0.00

Note 1 – The Corporate Class ETFs have a tax year end of December 31, but none of the Corporate Class ETFs anticipate a special distribution for 2016.

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 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 SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. 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.  The forward-looking statements are not historical facts but reflect the current expectations of First Asset regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. First Asset believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, First Asset can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. First Asset undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release. 

TMFirst Asset and its logo are trademarks of First Asset Capital Corp., a wholly-owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX".  ®CI FINANCIAL is a registered trademark of CI Investments Inc., used under license.

SOURCE First Asset Exchange Traded Funds

For further information: Investor Relations, First Asset at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.


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