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TSX: TXF and TXF.B
TORONTO, June 4, 2018 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces that, at a meeting of the unitholders of First Asset Tech Giants Covered Call ETF (the "Fund") (TSX: TXF; TXF.B) held today, unitholders approved an amendment to the fundamental investment objective of the Fund in response to certain changes to the Global Industry Classification Standard ("GICS"). The amendment will substantially preserve the scope of companies that the Fund is currently permitted to invest in by allowing the Fund to also invest in certain GICS sub-industries. The amendment will take effect on or about September 28, 2018, concurrently with the scheduled changes to the GICS classifications.
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.
Please read the prospectus before investing. Important information about the ETF is contained in its prospectus. Individuals should seek the advice of professionals, as appropriate, prior to investing. The ETF is not guaranteed, its values changes frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in the ETF.
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.
The ETF is managed by First Asset, a subsidiary of First Asset Capital Corp. (FA Capital). 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.