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, Jan. 16, 2017 /CNW/ - Further to its announcement on November 9, 2016, First Asset Investment Management Inc. ("First Asset") announces that the exchange-traded funds (the "Funds") listed below were terminated effective today.  The units (or shares) of the Funds were delisted from the Toronto Stock Exchange on January 13, 2017.

At the time of termination, each Fund's final net asset value ("Final NAV") will be distributed on a pro rata basis among the Fund's holders. All payments will be made to holders on or about January 20, 2017 without any further action required by those holders.

In addition, immediately before the time of termination, holders of First Asset Provincial Bond Index ETF will receive a final distribution ("Final Distribution") consisting of net income not previously distributed by the Fund.  The Final Distribution will be automatically reinvested at a price equal to the Final NAV per unit of the 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 (except where there are non-resident unitholders to the extent tax is required to be withheld in respect of the distribution).

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





Fund Name

Ticker(s)

Final NAV
per unit (or share)

Final Distribution
per unit (or share)

First Asset Provincial Bond Index ETF




Common Units

PXF

$9.8869

$0.0220

Advisor Units

PXF.A

$9.8821

$0.0234

First Asset Core Balanced ETF




Common Units

CBB

$18.9537

N/A

Advisor Units

CBB.A

$18.9443

N/A

First Asset Global Momentum Class ETF

FGL

$21.2517

N/A

First Asset Global Momentum (CAD Hedged) Class ETF

FGM

$22.1589

N/A

First Asset Global Value Class ETF

FGU

$24.2384

N/A

First Asset Global Value (CAD Hedged) Class ETF

FGV

$25.2674

N/A

 

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


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