/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, March 29, 2018 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces that it will terminate First Asset U.S. Equity Multi-Factor Index ETF (TSX: FUM) and First Asset Canadian Dividend Low Volatility Index ETF (TSX: FDL) (collectively, the "Funds"; each, a "Fund") on or about June 11, 2018 (the "Termination Date"). The Manager will request the TSX to de-list units of each Fund from the Toronto Stock Exchange (the "TSX") on or about June 8, 2018. Until such date, units of the Funds will continue to be listed on the TSX.
As soon as practicable following the Termination Date, the net assets of each 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 terminations.
First Asset – Smart Solutions™
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.
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 them 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.
™First 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 ETFs
For further information: please call Investor Relations, First Asset at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.