First Asset Investment Management Inc. Announces Final Valuations for Terminated ETFs

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

TORONTO, Aug. 31, 2015 /CNW/ - Further to its announcement on June 30, 2015, First Asset Investment Management Inc. ("First Asset") announces that the exchange-traded funds (the "Funds") listed below were terminated effective upon the close of business today, August 31, 2015.  The units of the Funds were delisted from the Toronto Stock Exchange on August 25, 2015.

At the time of termination, each Fund's final net asset value ("Final NAV") per unit will be distributed on a pro rata basis among the Fund's unitholders. In addition, immediately before the time of termination, unitholders of certain of the Funds will receive a final distribution consisting of net income and net realized capital gains not previously distributed by the Fund ("Final Distribution").

The Final NAV per unit and the Final Distribution (if any) for each Fund will be as follows:

Fund Name

Ticker(s)

Final NAV
per Unit

Final
Distribution
Per Unit

First Asset All Canada Bond Barbell Index ETF




Common Units

AXF

$9.8031

$0.0417

Advisor Units

AXF.A

$9.7892

$0.0196

First Asset Morningstar Emerging Markets Composite Bond Index ETF




Common Units

EXM

$8.7107

n/a

Advisor Units

EXM.A

$8.7016

n/a

First Asset Active Canadian REIT ETF




Common Units

FRF

$9.7410

$0.1982

Advisor Units

FRF.A

$9.7335

$0.1369

First Asset Can-Financials Covered Call ETF




Common Units

FXF

$8.8105

n/a

Advisor Units

FXF.A

$8.7976

n/a

First Asset Government Bond Barbell Index ETF




Common Units

GXF

$9.8812

$0.0340

Advisor Units

GXF.A

$9.8666

$0.0153

First Asset Corporate Bond Barbell Index ETF




Common Units

KXF

$9.7546

$0.0240

Advisor Units

KXF.A

$9.7387

$0.0285

First Asset Can-60 Covered Call ETF




Common Units

LXF

$6.4577

n/a

Advisor Units

LXF.A

$6.4598

n/a

For those Funds paying a Final Distribution, the Final Distribution will be automatically reinvested at a price equal to the Final NAV per unit of the applicable Fund and consolidated such that the number of units outstanding and the net asset value per unit of the Fund following the Final Distribution will not change.  All payments will be made to unitholders on or about September 2, 2015 without any further action required by those unitholders. 

First Asset - Smart SolutionsTM
First Asset is an independent 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.

SOURCE First Asset

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

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