Unitholders of First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund II Approve Mergers
TORONTO, February 23, 2017 - First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund II (the "Funds") announce that their respective unitholders have approved the merger of the Funds into the mutual fund shown opposite each Fund's name in the table below (the "Mergers").
|Merging Mutual Fund||Continuing Mutual Fund|
|First Asset Canadian Convertible Debenture Fund
Fundserv Code: FAF1003 (FE)
|First Asset Canadian Convertible Bond Fund
Fundserv Code: FAF5703 (FE)
|First Asset Canadian Dividend Opportunity Fund II
Fundserv Code: FAF6201 (LL)
|First Asset Canadian Dividend Opportunity Fund
Fundserv Code: FAF6103 (FE)
The Funds' manager, First Asset Investment Management Inc., expects that the Mergers will be implemented in March 2017. A further press release will be issued confirming the exact date of the Mergers. In connection with the Mergers, unitholders of each Fund will receive, on a tax-deferred basis, Class A units (Initial Sales Charge) of the applicable continuing fund. There will not be an initial sales charge associated with the Mergers.
For further information: please call First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.
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