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TORONTO, June 12, 2017 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces that it has filed a preliminary prospectus with the Canadian securities regulators in respect of First Asset Cambridge Global Dividend ETF (the "Global ETF").
The Global ETF's portfolio will be managed by Cambridge Global Asset Management, a division of CI Investments Inc., and an affiliate of First Asset. The Global ETF's investment objective is to provide unitholders with an attractive total investment return, consisting of dividend income and capital gains, by investing primarily in equity and equity-related securities of issuers anywhere in the world.
First Asset also announces that it will terminate First Asset Cambridge Core Canadian Equity ETF (TSX: FCE) ("FCE") on or about August 21, 2017 (the "Termination Date").
First Asset will request the TSX to de-list units of FCE from the Toronto Stock Exchange (the "TSX") on or about August 18, 2017. Until such date, units of FCE will continue to be listed on the TSX. As soon as practicable following the Termination Date, the net assets of FCE will be liquidated and the proceeds therefrom distributed pro rata among holders of record of FCE 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 Investment Management Inc.
The manager of the Global ETF is First Asset Investment Management Inc. 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.
Cambridge Global Asset Management
Cambridge Global Asset Management manages over $20 billion in assets on behalf of retail and institutional clients. The Cambridge philosophy is centered on true active management, downside risk management, and the personal alignment of manager-client interests. The team is led by four principals: Brandon Snow, Robert Swanson, Stephen Groff and Greg Dean.
A preliminary prospectus containing important information relating to the Global ETF's securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from your investment advisor, First Asset or at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
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. Cambridge Global Asset Management, a division of CI Investments Inc., is an affiliate of First Asset.
SOURCE First Asset
For further information: 1 (877) 642-1289 | www.firstasset.com | [email protected]