/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, June 28, 2019 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces that it will terminate CI First Asset U.S. Tactical Sector Allocation Index ETF (TSX: FUT) (the "Fund") on or about September 13, 2019 (the "Termination Date"). First Asset will request the Toronto Stock Exchange (the "TSX") to de-list units of the Fund from the TSX on or about September 12, 2019. Until such date, units of the Fund will continue to be listed on the TSX.
As soon as practicable following the Termination Date, the net assets of the Fund will be liquidated and the proceeds therefrom distributed pro rata among holders of record of the Fund on the Termination Date. First Asset will issue an additional press release on or about the Termination Date confirming final details of the termination.
First Asset, a CI Financial Company, is a is a leading provider of exchange-traded funds (ETFs) in Canada offering a comprehensive suite of ETF solutions. Rooted in strong fundamentals, the diverse and specialized lineup of First Asset ETFs strive to deliver better risk-adjusted returns than the broad market, while helping investors achieve their personal financial goals.
This press release contains forward-looking statements and information within the meaning of applicable securities legislation. The forward-looking statements are not historical facts but reflect the current expectations of First Asset regarding future results or events and are based on information currently available to it as of the date of this press release. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. First Asset believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, First Asset can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Asset undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws.
The Fund is managed by First Asset, a wholly-owned subsidiary of CI Financial Corp., which is listed on the Toronto Stock Exchange under the symbol "CIX". TMFirst Asset and its logo are trademarks of First Asset. ®CI FINANCIAL is a registered trademark of CI Investments Inc., used under license.
SOURCE First Asset ETFs
For further information: please call Investor Relations, CI First Asset ETFs at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.