/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA./
TORONTO, Nov. 1, 2018 /CNW/ - First Asset Investment
Management Inc. ("First Asset") announces that the
unitholders of each of First Asset Diversified Convertible
Debenture Fund (TSX: DCD.UN), First Asset Canadian Convertibles
Fund (TSX: ADC.UN) and First Asset North American Convertibles Fund
(TSX: NCD.UN) (each, a "Fund and collectively, the
"Funds") have approved the merger (each, a 'Merger"
and collectively, the "Mergers") of the applicable Fund into
First Asset Canadian Convertible Bond ETF (TSX: CXF) (the
"Continuing Fund"), pursuant to which all unitholders of
that Fund will become holders of common units of the Continuing
Fund.
Unitholders who do not wish to participate in a Merger may
redeem their units at net asset value prior to the Merger. In
order to redeem all or a portion of their units, unitholders must
inform their broker or other intermediary. Brokers and other
intermediaries must provide final notice of all such redemptions to
CDS Clearing and Depository Services Inc. by 5:00 p.m. (Toronto time) on November 14, 2018. Therefore, unitholders who
wish to redeem should inform their broker or other intermediary as
soon as possible, as such brokers and intermediaries may have
cut-off deadlines that are earlier than 5:00
p.m. (Toronto time) on
November 14, 2018.
First Asset currently anticipates that the Mergers will be
implemented in December, 2018, and will issue a press release
confirming the date of the Mergers once known. The completion
of any Merger is not conditional upon the completion of any other
Merger.
Unitholders are not required to take any action in connection
with a Merger unless they wish to redeem their units as described
above.
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.
This communication is intended for informational purposes only.
Please read the prospectus before investing. Important information
about a fund is contained in its prospectus. Individuals should
seek the advice of professionals, as appropriate, prior to
investing. Investment funds are not guaranteed, their values change
frequently and past performance may not be repeated. Commissions,
management fees and expenses all may be associated with an
investment in the funds. You will usually pay brokerage fees to
your dealer if you purchase or sell units of a fund on the TSX. If
the units are purchased or sold on the TSX, investors may pay more
than the current net asset value when buying units of a fund and
may receive less than the current net asset value when selling
them. There are ongoing fees and expenses associated with owning
units of a fund. A fund must prepare disclosure documents that
contain key information about the fund. You can find more detailed
information about the fund in these documents.
This press release contains forward-looking statements and
information within the meaning of applicable securities
legislation. Forward-looking statements can be identified by the
expressions "seeks", "expects", "believes", "anticipates",
"estimates", "will", "target" and similar expressions. 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.
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. Further, a forward-looking
statement speaks only as of the date on which such statement is
made. 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. These forward-looking statements are made as of the date of
this press release. 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
