Can-60 Income Corp. Confirms ETF Conversion Details

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TORONTO, Nov. 5, 2015 /CNW/ - Can-60 Income Corp. (the "Fund") (TSX: CSY) announces that it has filed a final prospectus dated November 4, 2015 (the "Prospectus"), with the securities regulatory authorities of all of the provinces and territories of Canada in connection with its conversion into an exchange-traded fund ("ETF").  The Fund will automatically convert into an ETF on November 12, 2015.

In connection with the conversion:

• The Fund's existing equity shares will be re-designated as ETF shares of a new class known as "First Asset Core Canadian Equity Income ETF" (the "First Asset ETF")
• The First Asset ETF's investment objectives, strategies and restrictions will be as described in the Prospectus.   A copy of the Prospectus can be found on www.sedar.com

Share Consolidation
Before the opening of trading on the Toronto Stock Exchange (the TSX) on November 12, 2015, and prior to the re-designation, the existing equity shares of the Fund will be consolidated on a 1:3 basis (the "Consolidation Ratio").  The ticker symbol of the First Asset ETF shares will remain "CSY".

As a result of the consolidation, the net asset value per share will be increased by the same ratio as the Consolidation Ratio, such that the consolidation will have no impact on the value of an investor's aggregate holding of shares.  Similarly, an investor's cost per share will also be increased by the same ratio as the Consolidation Ratio, however investors will hold fewer shares, so the aggregate cost of an investor's shares will remain the same.

No fractional shares will be issued in the consolidation and where the consolidation would result in a fractional share, the number of post-consolidation shares will be rounded down to the nearest whole post-consolidation share in the case of a fractional interest that is less than 0.5, or rounded up to the nearest whole post-consolidation share, in the case of a fractional interest that is 0.5 or greater.

No Action Required
Shareholders are not required to take any action in connection with the conversion or the consolidation. Further details of the conversion are described in the Prospectus and in the management information circular that was mailed to shareholders on or about August 31, 2015.

First Asset - Smart Solutions^TM
First Asset is an independent investment firm focused on providing smart, low cost solutions that address the real-world investment needs of Canadians - capital appreciation, income generation and risk mitigation. 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. This offering is made only by prospectus. The prospectus contains important detailed information about the ETF and its shares. A copy of the prospectus may be obtained from your investment advisor, First Asset or at www.sedar.com. Investors should read the prospectus before making an investment decision. Commissions, trailing fees, management fees and expenses all may be associated with investments in the ETF. The ETF is managed by First Asset Investment Management Inc.

SOURCE First Asset Close-End Funds

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