/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES OF AMERICA./
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