First Asset Announces Update on Fund Mergers


TORONTO, March 3, 2017 /CNW/ - Further to its press release dated February 23, 2017, First Asset Investment Management Inc., the manager of First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund II (each, a "Fund") announces that each Fund will merge into the continuing mutual fund shown opposite its name in the table below (each, a "Continuing Mutual Fund") after the close of business on March 10, 2017.

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)

Unitholders will not be required to take any action in connection with the mergers.  After the mergers, former unitholders of each Fund will become unitholders of the applicable Continuing Mutual Fund.  The mergers will be completed on the basis of an exchange ratio determined with reference to the net asset value per unit of each Fund and of its corresponding Continuing Mutual Fund as at the close of business on March 10, 2017.  First Asset will confirm the exchange ratios and completion of the mergers by way of a press release.

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

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