TORONTO, December 23, 2013 – First Asset Canadian Dividend Opportunity Fund II (TSX:DVF.UN) (the "Fund") wishes to remind unitholders that the Fund is scheduled to convert into a mutual fund on or about February 28, 2014 (the "Conversion") subject to receipt of all required approvals.
To effect the Conversion, the Fund will either: (i) convert into a stand-alone mutual fund, or (ii) merge on a tax-deferred basis with First Asset Canadian Dividend Opportunity Fund, an existing mutual fund also managed by First Asset Investment Management Inc.
Following the Conversion, units will be redeemable daily. Any units redeemed after the completion of the Conversion will, until March 1, 2017, be subject to a redemption fee according to the following schedule:
- Until February 28, 2015, a redemption fee of $0.20 per Unit;
- Until February 29, 2016, a redemption fee of $0.15 per Unit;
- Until February 28, 2017, a redemption fee of $0.10 per Unit;
- Effective March 1, 2017, no redemption fee.
Further details concerning the Conversion will be announced in January, 2014.
If you have any questions concerning this matter, please contact your financial advisor or call us at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.
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