/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES OF AMERICA./
TORONTO, Dec. 8, 2017 /CNW/ - First Asset Investment
Management Inc. ("First Asset") announces the estimated
annual special year-end distributions (the "Special
Distributions") for the 2017 tax year for the First Asset ETFs
listed below. Please note that these are estimated amounts as
of November 30, 2017 and include
certain forward-looking information which may cause the estimated
Special Distributions to change before the First Asset ETFs' tax
year-end on December 15,
2017. These estimated amounts are for the Special
Distributions only and do not include the ongoing, regular monthly
or quarterly cash distribution amounts which are expected to be
announced in a separate press release on or before December 15, 2017.
Each of the First Asset ETFs is required to distribute any net
income and capital gains that it has earned in the year. The
Special Distributions will generally consist of capital gains
and/or any excess net income at year end. The Special
Distributions will not be paid in cash, but will be reinvested and
the resulting units immediately consolidated so that the number of
units held by each investor will not change. Investors
holding their units outside registered plans will have taxable
amounts to report and an increase in the adjusted cost base of
their investment. In all cases, the Special Distributions
will be paid on or about December 29,
2017 to unitholders of record on December 28, 2017. The ex-dividend date in
each case is December 27, 2017.
First Asset expects to announce the final, confirmed Special
Distribution amounts (subject to any further revisions to per unit
amounts resulting from subscription and redemption activity prior
to the record date) on or about December
29, 2017. The actual taxable amounts of all
distributions for 2017, including the tax characteristics of the
distributions, will be reported to brokers (through CDS Clearing
and Depository Services Inc. or "CDS") and will be posted on
the First Asset website in early 2017.
First Asset provides estimated distributions for information
purposes only. These estimates are not intended to be, nor
should they be construed to be, legal or tax advice to any
particular person.
|
Fund
Name
|
TSX Trading
Symbol
|
Estimated
Special Distributions
per Fund Unit as
at
November 30,
2017
|
|
First Asset
Morningstar Canada Value Index ETF
|
FXM
|
$0.0600
|
|
First Asset
Morningstar US Value Index ETF
|
XXM
|
$0.9100
|
|
XXM.B
|
$0.3000
|
|
First Asset
Morningstar US Dividend Target 50 Index ETF
|
UXM
|
$1.0400
|
|
UXM.B
|
$0.5800
|
|
First Asset
Morningstar International Value Index ETF
|
VXM
|
$0.5000
|
|
VXM.B
|
$0.9700
|
|
First Asset
Morningstar Canada Momentum Index ETF
|
WXM
|
$0.0200
|
|
First Asset
Morningstar International Momentum Index ETF
|
ZXM
|
$0.0000
|
|
ZXM.B
|
$0.1100
|
|
First Asset
Morningstar US Momentum Index ETF
|
YXM
|
$0.0300
|
|
YXM.B
|
$0.0400
|
|
First Asset
Morningstar National Bank Québec Index ETF
|
QXM
|
$0.3700
|
|
First Asset Core U.S.
Equity ETF
|
CES
|
$1.1600
|
|
CES.B
|
$0.2800
|
|
CES.U
|
$0.4700
|
|
First Asset MSCI
Canada Low Risk Weighted ETF
|
RWC
|
$0.0100
|
|
First Asset MSCI USA
Low Risk Weighted ETF
|
RWU
|
$0.0200
|
|
RWU.B
|
$0.2300
|
|
First Asset MSCI
Europe Low Risk Weighted ETF
|
RWE
|
$0.5500
|
|
RWE.B
|
$0.1000
|
|
First Asset MSCI
World Low Risk Weighted ETF
|
RWW
|
$0.9100
|
|
RWW.B
|
$0.2700
|
|
First Asset Tech
Giants Covered Call ETF
|
TXF
|
$1.5600
|
|
TXF.B
|
$0.2600
|
|
First Asset Cambridge
Core U.S. Equity ETF
|
FCY
|
$0.4400
|
|
FCY.B
|
$1.0400
|
|
First Asset Preferred
Share ETF
|
FPR
|
$0.3900
|
|
First Asset Canadian
Buyback Index ETF
|
FBE
|
$0.2300
|
|
First Asset U.S.
Buyback Index ETF
|
FBU
|
$0.1300
|
|
First Asset U.S.
Equity Multi-Factor Index ETF
|
FUM
|
$1.9200
|
|
First Asset Canadian
Dividend Low Volatility Index ETF
|
FDL
|
$0.2600
|
|
First Asset U.S.
Tactical Sector Allocation Index ETF
|
FUT
|
$0.2900
|
|
First Asset U.S.
& Canada Lifeco Income ETF
|
FLI
|
$0.6100
|
|
First Asset U.S.
Trendleaders Index ETF
|
SID
|
$0.0400
|
|
First Asset Cambridge
Global Dividend ETF
|
FCW
|
$0.1500
|
|
FCW.B
|
$0.1400
|
|
ETFS listed below
are not currently anticipating any special
distributions:
|
|
First Asset Canadian
Convertible Bond ETF
|
CXF
|
$0.00
|
|
First Asset
Can-Energy Covered Call ETF
|
OXF
|
$0.00
|
|
First Asset
Can-Materials Covered Call ETF
|
MXF
|
$0.00
|
|
First Asset Energy
Giants Covered Call ETF
|
NXF
|
$0.00
|
|
NXF.B
|
$0.00
|
|
First Asset
Morningstar Canada Dividend Target 30 Index ETF
|
DXM
|
$0.00
|
|
First Asset MSCI
International Low Risk Weighted ETF
|
RWX
|
$0.00
|
|
RWX.B
|
$0.00
|
|
First Asset 1-5 Year
Laddered Government Strip Bond Index ETF
|
BXF
|
$0.00
|
|
First Asset Canadian
REIT ETF
|
RIT
|
$0.00
|
|
First Asset Long
Duration Fixed Income ETF
|
FLB
|
$0.00
|
|
First Asset Active
Canadian Dividend ETF
|
FDV
|
$0.00
|
|
First Asset Active
Utility & Infrastructure ETF
|
FAI
|
$0.00
|
|
First Asset Active
Credit ETF
|
FAO
|
$0.00
|
|
FAO.U
|
$0.00
|
|
First Asset Core
Canadian Equity ETF
|
CED
|
$0.00
|
|
First Asset European
Bank ETF
|
FHB
|
$0.00
|
|
First Asset
Investment Grade Bond ETF
|
FIG
|
$0.00
|
|
FIG.U
|
$0.00
|
|
First Asset Global
Financial Sector ETF
|
FSF
|
$0.00
|
|
First Asset Enhanced
Short Duration Bond ETF
|
FSB
|
$0.00
|
|
FSB.U
|
$0.00
|
|
CORPORATE CLASS
ETFs
|
Note
1
|
|
|
First Asset CanBanc
Income Class ETF
|
CIC
|
$0.00
|
|
First Asset Core
Canadian Equity Income ETF
|
CSY
|
$0.00
|
|
First Asset Short
Term Government Bond Index Class ETF
|
FGB
|
$0.00
|
|
First Asset MSCI
Canada Quality Index Class ETF
|
FQC
|
$0.00
|
|
Note 1 – The
Corporate Class ETFs have a tax year end of December 31, but none
of the Corporate Class ETFs currently anticipate a special
distribution for 2017.
|
Forward-looking Information
This press release
contains forward-looking statements with respect to the estimated
Special Distributions for the First Asset ETFs. By their
nature, these forward-looking statements involve certain risks and
uncertainties that could cause the actual distributions to differ
materially from those contemplated by the forward-looking
statements. Material factors that could cause the actual
Special Distributions to differ from the estimated Special
Distributions between now and the First Asset ETFs' tax year-ends
include, without limitation: the actual amounts of distributions
received by the First Asset ETFs; the actual amount of capital
gains generated from sales of securities; and subscription and
redemption activity in the First Asset ETFs.
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. Commissions, management fees and expenses all may be
associated with investments in exchange-traded funds. Please
read the prospectus before investing. The funds are not
guaranteed, their values change frequently and past performance may
not be repeated. 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 Exchange Traded Funds