Utility Split Trust Announces Termination and Final Valuation

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

TORONTO, Jan. 3, 2017 /CNW/ - Further to its announcement on October 28, 2016, First Asset Investment Management Inc. announces that Utility Split Trust (the "Fund") was terminated effective January 3, 2017. The Capital Units (TSX: UST.UN) and the Class B Preferred Securities (TSX: UST.PR.B) of the Fund were delisted from the Toronto Stock Exchange on December 30, 2016.

The Capital Units were redeemed for $16.8393 per Capital Unit on January 3, 2016 (the "Termination Date"). The Class B Preferred Securities were repaid $10.1313 per Class B Preferred Security, consisting of the original subscription price of $10 for each Class B Preferred Security together with any accrued and unpaid interest thereon payable on the Termination Date.

Proceeds will be paid to unitholders on or about January 6, 2017. 

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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