First Asset Confirms Special Distribution in Connection with Merger

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TORONTO, Sept. 17, 2018 /CNW/ - Further to its announcement on September 5, 2018, First Asset Investment Management Inc. ("First Asset") confirms the amount of the special distribution that First Asset MSCI USA Low Risk Weighted ETF (the "Fund") will pay on its hedged units (TSX: RWU) and unhedged units (TSX: RWU.B) in the amounts detailed in the table below (the "Special Distribution"). The Special Distribution will be paid in cash on or about September 28, 2018 to unitholders of record on September 14, 2018.

Fund Name	TSX Trading Symbol	Confirmed Special Distribution per Fund Unit as at September 14, 2018
First Asset MSCI USA Low Risk Weighted ETF	RWU (Hedged)	$0.0760
	RWU.B (Unhedged)	$0.0923

 

The Special Distribution arises as a result of the merger (the "Merger") of First Asset Morningstar U.S. Consumer Defensive Index Fund (TSX: UCD.UN) with the Fund on September 14, 2018. The Fund is required to distribute any net income and capital gains that it has earned for the year to date period immediately prior to the Merger. The Special Distribution will generally consist of capital gains and/or any excess net income at year end. Investors holding their units outside registered plans will have taxable amounts to report.

The Special Distribution will be the only distribution made by the Fund for the quarter-ended September 30, 2018. The Fund will resume regular quarterly cash distributions in December 2018.

The actual taxable amounts of the Special Distribution, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") and will be posted on the First Asset website in early 2019.

First Asset - Smart Solutions^TM
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 ("ETFs"). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.  You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

The Fund is managed by First Asset, a subsidiary of First Asset Capital Corp ^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 Exchange Traded Funds

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