TORONTO, March 3, 2017 – Further to its press release dated February 23, 2017, First Asset Investment Management Inc., the manager of First Asset Canadian Convertible Debenture Fund and First Asset Canadian Dividend Opportunity Fund II (each, a "Fund") announces that each Fund will merge into the continuing mutual fund shown opposite its name in the table below (each, a "Continuing Mutual Fund") after the close of business on March 10, 2017.
|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)
Unitholders will not be required to take any action in connection with the mergers. After the mergers, former unitholders of each Fund will become unitholders of the applicable Continuing Mutual Fund. The mergers will be completed on the basis of an exchange ratio determined with reference to the net asset value per unit of each Fund and of its corresponding Continuing Mutual Fund as at the close of business on March 10, 2017. First Asset will confirm the exchange ratios and completion of the mergers by way of a press release.
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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