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TORONTO, April 20, 2018 /CNW/ - First Asset Tech Giants
Covered Call ETF (the "Fund") (TSX: TXF; TXF.B) announces
that a special meeting of the unitholders of the Fund will be held
on Monday, June 4, 2018 and, if
required, an adjourned meeting will be held on Tuesday, June 5, 2018. Holders of common
units and unhedged common units of record on April 16, 2018 will be entitled to receive notice
of and vote at the meeting. The Notice and Management
Information Circular which details the matters to be considered at
the meeting will be available on www.sedar.com on or about
April 30, 2018.
At the meeting, unitholders of the Fund will be asked to
consider and approve an amendment to the fundamental investment
objective of the Fund in response to certain changes to the Global
Industry Classification Standard ("GICS") that may, in the
opinion of First Asset Investment Management Inc., as manager and
trustee of the Fund (the "Manager"), adversely impact the
Fund. In particular, those changes will reclassify a
significant number of companies that the Fund is currently
permitted to invest in, thereby narrowing the universe of available
technology issuers which the Fund is currently permitted to invest
in.
The Manager is proposing to amend the investment objective of
the Fund in order to 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.
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 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.
™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