/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES OF
AMERICA./
TORONTO, Jan. 3, 2017 /CNW/ - Further to its announcement
on October 28, 2016, First Asset
Investment Management Inc. announces that Utility Split Trust (the
"Fund") was terminated effective January 3, 2017. The Capital Units (TSX:
UST.UN) and the Class B Preferred Securities (TSX: UST.PR.B) of the
Fund were delisted from the Toronto Stock Exchange on December 30, 2016.
The Capital Units were redeemed for $16.8393 per Capital Unit on January 3, 2016 (the "Termination
Date"). The Class B Preferred Securities were repaid
$10.1313 per Class B Preferred
Security, consisting of the original subscription price of
$10 for each Class B Preferred
Security together with any accrued and unpaid interest thereon
payable on the Termination Date.
Proceeds will be paid to unitholders on or about January 6, 2017.
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