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TORONTO, June 1, 2017 /CNW/ - First Asset Investment
Management Inc., the manager of the First Asset family of exchange
traded funds ("First Asset"), announces that, as a result of
low investor demand, it will eliminate the pre-authorized
contribution plan ("PACC") and the systematic withdrawal
plans ("SWP") in respect of its entire family of exchange
traded funds ("ETFs") effective July
1, 2017. For a complete list of affected ETFs, please
visit www.firstasset.com/ETFs.
Distribution reinvestment plans (DRIPS) in respect of the ETFs
are not affected by this announcement. Unitholders may continue to
participate in DRIPs.
Unitholders do not have to take any action in connection with
the termination of the PACC and SWP plans.
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