Toronto, September 25, 2012 - First Asset Investment Management Inc., the manager of First Asset Diversified Commodities Currency Hedged Fund (the "Fund") announced today its intention to terminate the Fund effective October 31, 2012 (the "Termination Date"). The Fund will be closed to new purchases of units effective immediately.
The Fund currently provides exposure to the returns of the UBS Bloomberg Constant Maturity Commodity Index AM Composite USD Total Return by investing in performance certificates issued by UBS AG (London Branch). The Fund will continue to be managed in accordance with its current investment objectives and strategies until the current performance certificate expires on October 24, 2012. The Fund will not reinvest in performance certificates thereafter.
Prior to the Termination Date, Unitholders may switch into another First Asset Mutual Fund or redeem their units. Alternately, if no action is taken, Unitholders will participate in the wind-up of the Fund on the Termination Date and receive the net asset value of their units at that time.
For further information, please call Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.