Unitholders of First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund II Approve Mergers

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

TORONTO, Feb. 23, 2017 /CNW/ - First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund II (the "Funds") announce that their respective unitholders have approved the merger of the Funds into the mutual fund shown opposite each Fund's name in the table below (the "Mergers").

Merging Mutual Fund

Continuing Mutual Fund

First Asset Canadian Convertible Debenture Fund

Fundserv Code: FAF1003 (FE)

First Asset Canadian Convertible Bond Fund

Fundserv Code: FAF5703 (FE)

First Asset Canadian Dividend Opportunity Fund II

Fundserv Code: FAF6201 (LL)

First Asset Canadian Dividend Opportunity Fund

Fundserv Code: FAF6103 (FE)

The Funds' manager, First Asset Investment Management Inc., expects that the Mergers will be implemented in March 2017.  A further press release will be issued confirming the exact date of the Mergers.  In connection with the Mergers, unitholders of each Fund will receive, on a tax-deferred basis, Class A units (Initial Sales Charge) of the applicable continuing fund.  There will not be an initial sales charge associated with the Mergers.

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.


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890