Confirmed 2017 Annual Special Distributions For First Asset ETFs

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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

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