First Asset Announces Completion of Fund Mergers

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

TORONTO, March 13, 2017 /CNW/ - Further to its press release dated March 3, 2017, First Asset Investment Management Inc. announces that the merger of each merging fund listed in the chart below into the continuing mutual fund shown opposite its name (each, a "Continuing Mutual Fund") was completed after the close of business on March 10, 2017:

Merging Mutual Fund

Continuing Mutual Fund

Exchange Ratio

First Asset Canadian Convertible Debenture Fund

Fundserv Code: FAF1003 (FE)

First Asset Canadian Convertible Bond Fund

Fundserv Code: FAF5703 (FE)

0.81482

First Asset Canadian Dividend Opportunity Fund II

Fundserv Code: FAF6201 (LL)

First Asset Canadian Dividend Opportunity Fund

Fundserv Code: FAF6103 (FE)

0.89629

 

In connection with the mergers, unitholders of each merging fund received, for each unit of the merging fund held, that number of Class A units (Initial Sales Charge Option) of the applicable Continuing Mutual Fund listed in the "Exchange Ratio" column in the table above.

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.

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

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


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