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TORONTO, March 15, 2016 /CNW/ - First Asset Hamilton Capital European Bank Fund (the "Fund") (TSX: EB.UN) announces that at a special meeting of the unitholders held today, unitholders approved certain amendments to the Fund's declaration of trust in order to permit the conversion of the Fund from a closed-end fund to an actively managed exchange traded fund, and certain other changes to the investment objectives, strategies and restrictions of the Fund (the "Conversion").
The implementation of the Conversion is subject to certain third party and regulatory approvals, including obtaining a receipt for the final prospectus of the exchange traded-fund. First Asset Investment Management Inc., the manager of the Fund (the "Manager"), currently anticipates that the Conversion will be implemented before the end of April, 2016. The Manager will issue a press release announcing the effective date of the Conversion as soon as practicable after all of the approvals for the Conversion have been obtained.
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SOURCE First Asset
For further information: please call Investor Relations, First Asset at 416-642-1289 or 18776421289 or visit www.firstasset.com.