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TORONTO, Dec. 29, 2017 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces the confirmed amounts of the annual, special, year-end distributions (the "Special Distributions") for the 2017 tax year for its First Asset exchange traded funds ("First Asset ETFs"), as set out in the table below.

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.

These confirmed amounts are for the Special Distributions only and do not include the ongoing regular monthly or quarterly cash distribution amounts which were announced on December 15, 2017, in a separate press release.  These confirmed Special Distribution amounts replace the previous estimates announced on December 8, 2017. 

The actual taxable amounts of all distributions for the First Asset ETFs for 2017, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2018.

Fund Name

TSX Trading
Symbol

Confirmed

Special Distributions

per Unit

First Asset Morningstar Canada Value Index ETF

FXM

$0.0500

First Asset Morningstar US Value Index ETF

 

XXM

$1.3300

XXM.B

$0.7900

First Asset Morningstar US Dividend Target 50 Index ETF

 

UXM

$0.9300

UXM.B

$0.5000

First Asset Morningstar International Value Index ETF

 

VXM

$0.5600

VXM.B

$1.0500

First Asset Morningstar Canada Momentum Index ETF

WXM

$0.0100

First Asset Morningstar International Momentum Index ETF

 

ZXM

$0.0400

ZXM.B

$0.1000

First Asset Morningstar US Momentum Index ETF

 

YXM

$0.3700

YXM.B

$0.0900

First Asset Morningstar National Bank Québec Index ETF

QXM

$0.3600

First Asset Core U.S. Equity ETF

 

 

CES

$1.5800

CES.B

$0.7400

CES.U

$0.2000

First Asset MSCI USA Low Risk Weighted ETF

RWU

$0.0000

RWU.B

$0.2200

First Asset MSCI Europe Low Risk Weighted ETF

RWE

$0.3900

RWE.B

$0.0700

First Asset MSCI World Low Risk Weighted ETF

RWW

$1.1000

RWW.B

$0.4700

First Asset MSCI International Low Risk Weighted ETF

RWX

$0.0010

RWX.B

$0.0000

First Asset Tech Giants Covered Call ETF

TXF

$1.6300

TXF.B

$0.2700

First Asset Cambridge Core U.S. Equity ETF

FCY

$0.6800

FCY.B

$1.0500

First Asset Preferred Share ETF

FPR

$0.2100

First Asset Canadian Buyback Index ETF

FBE

$0.0900

First Asset U.S. Buyback Index ETF

FBU

$0.0800

First Asset U.S. Equity Multi-Factor Index ETF

FUM

$1.8200

First Asset Canadian Dividend Low Volatility Index ETF

FDL

$0.0400

First Asset U.S. Tactical Sector Allocation Index ETF

FUT

$1.1300

First Asset U.S. & Canada Lifeco Income ETF

FLI

$0.4500

ETFS listed below do not have any Special Distributions for 2017:

First Asset Cambridge Global Dividend ETF

FCW

$0.00

FCW.B

$0.00

First Asset U.S. Trendleaders Index ETF

SID

$0.00

First Asset MSCI Canada Low Risk Weighted ETF

RWC

$0.00

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 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

Canadian First Asset Core 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

$0.00

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

 

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 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. 

™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 Exchange Traded Funds

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