Communiqués de presse

Can-60 Income Corp. Announces Meeting to Eliminate Termination Date and Approve Conversion to an ETF

Toronto, August 31, 2015 - Can-60 Income Corp. (the "Fund") (TSX: CSY.UN) announces that a special meeting of shareholders will be held on Wednesday, September 30, 2015. If required, an adjourned meeting will be held on Thursday, October 1, 2015.

At the meeting, shareholders will be asked to eliminate the Fund's fixed termination date and to approve the conversion of the Fund from a closed-end fund to an exchange traded fund (an "ETF"), including changes to the investment objectives, strategies and restrictions applicable to the ETF.

First Asset Investment Management Inc., the manager of the Fund, believes that the Fund remains an attractive investment opportunity for its shareholders and there is no reason to terminate the Fund on October 31, 2015. The elimination of the Fund's termination date will enable shareholders to potentially defer any capital gains tax liability that otherwise would have been realized on the termination of the Fund, and also preserves valuable tax attributes of the Fund in the form of capital losses and non-capital loss carry-forwards. If this resolution is approved, shareholders who do not wish to remain as investors in the Fund will be able to redeem their shares at net asset value through a special redemption right on or about October 31, 2015.

If the resolution eliminating the termination date is approved, shareholders will also be asked to approve the conversion of the Fund from a closed-end fund to an ETF, including changes to the investment objectives, strategies and restrictions. The manager believes that the conversion will benefit existing shareholders through greater market liquidity and trading efficiency, potential benefits from economies of scale through the continuous offering of shares, and a reduction in the management fee to 0.75% from 1.15% of NAV per share. In addition, to the extent that in the future additional ETF classes of the Fund are offered, including classes offering new mandates, shareholders of the exchange-traded fund will have the ability to switch between such classes on a tax-deferred basis.

In connection with the conversion, shareholders will also be asked to approve changes to the investment objectives, strategies and restrictions of the Fund. While keeping the Fund's focus on larger capitalization issuers and lower overall volatility of returns, the proposed changes to the investment objectives and strategies offer, in the Manager's opinion, a better approach to achieve superior risk adjusted returns.

Following the conversion, the fundamental investment objective of the ETF will be to seek to provide shareholders with: (i) long term capital appreciation with an attractive risk-adjusted rate of return; and (ii) consistent dividend income; through investing the ETF's portfolio to gain exposure to equity securities of primarily large capitalization Canadian issuers. To achieve its investment objective, the ETF will use a multi-factor portfolio optimization strategy to allocate its assets to gain exposure to equity securities of primarily large capitalization Canadian issuers in order to try to create a well-diversified portfolio with strong fundamentals, attractive levels of dividend income and a historical risk adjusted rate of return greater than a broad capitalization weighted Canadian equity fund. The ETF may invest directly in equity securities and/or indirectly in such securities through other ETFs, including those managed by the manager.

The details of the meeting and the manager's proposals are further described in a management information circular to be mailed to shareholders on or about September 8, 2015.

First Asset - Smart SolutionsTM
First Asset is an independent investment firm, focused on providing smart, low cost solutions that address the real-world investment needs of Canadians - capital appreciation, income generation and risk mitigation. Rooted in strong fundamentals, First Asset's smart solutions strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals.

For further information, please call Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit

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 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 in the United States of America.