First Asset Announces Completion of Mergers of Convertible Debenture Closed-End Funds with First Asset Canadian Convertible B...

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TORONTO, Dec. 10, 2018 /CNW/ - Further to its press release on November 26, 2018, First Asset Investment Management Inc. (the "Manager") announces that the merger of each of First Asset Diversified Convertible Debenture Fund (TSX: DCD.UN), First Asset Canadian Convertibles Fund (TSX: ADC.UN) and First Asset North American Convertibles Fund (TSX: NCD.UN) (each, a "Fund) with First Asset Canadian Convertible Bond ETF (TSX: CXF) (the "First Asset ETF") was completed on December 7, 2018.

In connection with each merger, each holder of units of a Fund received the number of units of the First Asset ETF indicated in the table below for each Fund unit held. The First Asset ETF units are listed on the Toronto Stock Exchange under the ticker symbol: CXF.

Fund	Units of First Asset ETF Received per Unit of the Fund
First Asset Diversified Convertible Debenture Fund  (TSX: ADC.UN)	1.413423
First Asset Canadian Convertibles Fund  (TSX: DCD.UN)	0.677415
First Asset North American Convertibles Fund  (TSX: NCD.UN)	0.765118

 

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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.

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SOURCE First Asset

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