TORONTO, August 26, 2014 - First Asset U.S. & Canada LifeCo Income Fund (the "Fund") (TSX: ULC.UN) announces that it has filed a final prospectus dated August 25, 2014 with the securities regulatory authorities of all of the Canadian provinces and territories in connection with its conversion into an exchange traded fund ("ETF").
The Fund will automatically convert into an ETF on Wednesday, September 3, 2014. In connection with the conversion:
- The Fund's name will change to "First Asset U.S. & Canada Lifeco Income ETF".
- The ticker symbol will change from ULC.UN to FLI.
- A new class of advisor units of the ETF will be created. The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the advisor units under the symbol FLI.A, subject to the fulfillment of the TSX requirements. A further press release will be issued announcing the commencement of trading of the advisor units.
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.
This communication is intended for informational purposes only. This offering is made only by prospectus. The prospectus contains important detailed information about the ETF and its units. A copy of the prospectus may be obtained from your investment advisor, First Asset or at www.sedar.com. Investors should read the prospectus before making an investment decision. Commissions, trailing fees, management fees and expenses all may be associated with investments in the ETF. The ETF is managed by First Asset Investment Management Inc.
Not for dissemination to U.S. newswire services or for dissemination to the United States of America.