Communiqués de presse

First Asset U.S. & Canada LifeCo Conversion to ETF

TORONTO, July 16, 2014 –First Asset U.S. & Canada LifeCo Income Fund (the “Fund”) (TSX: ULC.UN) announces that the Fund’s automatic conversion feature has been triggered and, as a result, the Fund’s Manager has initiated the process to convert the Fund into an exchange traded fund (“ETF”) in the manner contemplated in the Fund’s prospectus dated July 26, 2013.

The implementation of the conversion of the Fund (the “Conversion”) is subject to certain conditions, including obtaining a receipt for the final prospectus of the ETF, receipt of certain regulatory relief and the entering into of contractual arrangements to accommodate the Conversion.  The Manager currently anticipates that the Conversion will be implemented before the end of August, 2014.  The Manager will issue a press release announcing the effective date of the Conversion as soon as practicable after all of the conditions for the Conversion have been met and, in any event, at least two Business Days prior to the Conversion.

Unitholders are not required to take any action in connection with the Conversion.

For further information, please contact Investor Relations, First Asset Investment Management Inc. at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.

 

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