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TSX: TXF and TXF.B
TORONTO, June 4, 2018 /CNW/ - First Asset Investment
Management Inc. ("First Asset") announces that, at a meeting
of the unitholders of First Asset Tech Giants Covered Call ETF (the
"Fund") (TSX: TXF; TXF.B) held today, unitholders approved
an amendment to the fundamental investment objective of the Fund in
response to certain changes to the Global Industry Classification
Standard ("GICS"). The amendment will substantially
preserve the scope of companies that the Fund is currently
permitted to invest in by allowing the Fund to also invest in
certain GICS sub-industries. The amendment will take effect on or
about September 28, 2018,
concurrently with the scheduled changes to the GICS
classifications.
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.
Please read the prospectus before investing. Important
information about the ETF is contained in its prospectus.
Individuals should seek the advice of professionals, as
appropriate, prior to investing. The ETF is not guaranteed, its
values changes frequently and past performance may not be repeated.
Commissions, trailing commissions, management fees and expenses all
may be associated with an investment in the ETF.
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.
The ETF is managed by First Asset, a subsidiary of First Asset
Capital Corp. (FA Capital). 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