Confirmed 2016 Annual Special Distributions For First Asset ETFs

First Asset Investment Management Inc. (“First Asset“) announces the confirmed amounts of the annual special year-end distributions (the “Special Distributions“) for the 2016 tax year for its First Asset exchange traded funds (“First Asset ETFs“), as set out in the table below.

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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 30, 2016 to unitholders of record on December 29, 2016.  The ex-dividend date in each case is December 23, 2016.

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 16, 2016, in a separate press release.  These confirmed Special Distribution amounts replace the previous estimates announced on December 9, 2016.

The actual taxable amounts of all distributions for 2016, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS“) in early 2017.

Fund Name

TSX Trading
Symbol

Confirmed
Special Distributions
per Fund Unit as at
December 30, 2016

First Asset Morningstar National Bank Québec Index ETF

QXM

$0.6288

QXM.A

$0.6404

First Asset Morningstar US Value Index ETF

XXM

$0.0638

XXM.A

$0.0474

XXM.B

$0.1447

XXM.D

$0.0420

First Asset Morningstar US Dividend Target 50 Index ETF

UXM

$0.1413

UXM.A

$0.1347

UXM.B

$0.8471

UXM.D

$0.6728

First Asset Morningstar International Value Index ETF

VXM

$0.2300

VXM.A

$0.3300

VXM.B

$0.2919

VXM.D

$0.2700

First Asset Morningstar International Momentum Index ETF

ZXM

$0.0703

ZXM.A

$0.0160

ZXM.B

$0.1232

ZXM.D

$0.0424

First Asset MSCI USA Low Risk Weighted ETF

RWU

$0.1295

RWU.A

$0.1400

RWU.B

$0.1100

RWU.D

$0.1416

First Asset MSCI Europe Low Risk Weighted ETF

RWE

$1.0878

RWE.A

$0.1289

RWE.B

$0.1952

RWE.D

$0.1180

First Asset Canadian REIT ETF

RIT

$0.1927

RIT.A

$0.3550

First Asset Tech Giants Covered Call ETF

TXF

$0.1479

TXF.A

$0.7513

First Asset Core U.S. Equity ETF

CES

$0.1609

CES.A

$0.2234

CES.B

$0.2052

CES.D

$0.2340

CES.U

$0.2716 USD

CES.V

$0.1970 USD

First Asset Cambridge Core U.S. Equity ETF

FCY

$0.3744

FCY.B

$0.3076

First Asset Long Duration Fixed Income ETF

FLB

$0.3215

First Asset U.S. Tactical Sector Allocation Index ETF

FUT

$0.0594

First Asset MSCI World Low Risk Weighted ETF

RWW

$0.00

RWW.A

$0.00

RWW.B

$0.00

RWW.D

$0.00

First Asset Can-Energy Covered Call ETF

OXF

$0.00

OXF.A

$0.00

First Asset Can-Materials Covered Call ETF

MXF

$0.00

MXF.A

$0.00

First Asset Canadian Convertible Bond ETF

CXF

$0.00

CXF.A

$0.00

First Asset Energy Giants Covered Call ETF

NXF

$0.00

NXF.A

$0.00

NXF.B

$0.00

NXF.D

$0.00

First Asset Morningstar Canada Dividend Target 30 Index ETF

DXM

$0.00

DXM.A

$0.00

First Asset Morningstar Canada Momentum Index ETF

WXM

$0.00

WXM.A

$0.00

First Asset Morningstar Canada Value Index ETF

FXM

$0.00

FXM.A

$0.00

First Asset Morningstar US Momentum Index ETF

YXM

$0.00

YXM.A

$0.00

YXM.B

$0.00

YXM.D

$0.00

First Asset MSCI Canada Low Risk Weighted ETF

RWC

$0.00

RWC.A

$0.00

First Asset Provincial Bond Index ETF

PXF

$0.00

PXF.A

$0.00

First Asset 1-5 Year Laddered Government Strip Bond Index ETF

BXF

$0.00

BXF.A

$0.00

First Asset Active Canadian Dividend ETF

FDV

$0.00

FDV.A

$0.00

First Asset U.S. & Canada Lifeco Income ETF

FLI

$0.00

FLI.A

$0.00

First Asset Active Utility & Infrastructure ETF

FAI

$0.00

FAI.A

$0.00

First Asset European Bank ETF

FHB

$0.00

FHB.A

$0.00

First Asset Active Credit ETF

FAO

$0.00

FAO.A

$0.00

FAO.U

$0.00

FAO.V

$0.00

First Asset Core Canadian Equity ETF

CED

$0.00

CED.A

$0.00

First Asset Core Balanced ETF

CBB

$0.00

CBB.A

$0.00

First Asset Global Financial Sector ETF

FSF

$0.00

First Asset Preferred Share ETF

FPR

$0.00

First Asset Investment Grade Bond ETF

FIG

$0.00

First Asset Cambridge Core Canadian Equity ETF

FCE

$0.00

First Asset Canadian Buyback Index ETF

FBE

$0.00

First Asset U.S. Buyback Index ETF

FBU

$0.00

First Asset U.S. Equity Multi-Factor Index ETF

FUM

$0.00

First Asset Canadian Dividend Low Volatility Index ETF

FDL

$0.00

CORPORATE CLASS ETFs

Note 1

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 Global Value Class ETF

FGU

$0.00

First Asset Global Value (CAD Hedged) Class ETF

FGV

$0.00

First Asset Global Momentum Class ETF               

FGL

$0.00

First Asset Global Momentum (CAD hedged) Class ETF

FGM

$0.00

Note 1 – The Corporate Class ETFs have a tax year end of December 31, but none of the Corporate Class ETFs anticipate a special distribution for 2016.

First Asset provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they be construed to be, legal or tax advice to any particular person.

Forward-looking Information
This press release contains forward-looking statements with respect to the estimated Special Distributions for the First Asset ETFs. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements.  Material factors that could cause the actual Special Distributions to differ from the estimated Special Distributions between now and the First Asset ETFs’ tax year-ends include, without limitation: the actual amounts of distributions received by the First Asset ETFs; the actual amount of capital gains generated from sales of securities; and subscription and redemption activity in the First Asset ETFs.  

First Asset – Smart SolutionsTM
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.

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