/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, June 1, 2017 /CNW/ - First Asset Investment Management Inc., the manager of the First Asset family of exchange traded funds ("First Asset"), announces that, as a result of low investor demand, it will eliminate the pre-authorized contribution plan ("PACC") and the systematic withdrawal plans ("SWP") in respect of its entire family of exchange traded funds ("ETFs") effective July 1, 2017. For a complete list of affected ETFs, please visit www.firstasset.com/ETFs.
Distribution reinvestment plans (DRIPS) in respect of the ETFs are not affected by this announcement. Unitholders may continue to participate in DRIPs.
Unitholders do not have to take any action in connection with the termination of the PACC and SWP plans.
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.