/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