Marret Asset Management and First Asset Investment Management announce details for the August, 2016 Distribution for Marret Investment Grade Bond Fund
Toronto, August 18, 2016 - Marret Asset Management Inc. ("Marret") and First Asset Investment Management Inc. ("First Asset") announce that Marret Investment Grade Bond Fund (TSX: MIG.UN) will pay a distribution in the amount of $0.04 per unit on or before September 6, 2016 to unitholders of record on August 30, 2016. The units will trade ex-dividend on August 26, 2016.
This will be the Fund's first monthly distribution as an exchange-traded fund. The Fund's scheduled conversion into an exchange-traded fund to be called "First Asset Investment Grade Bond ETF" (TSX: FIG) will be completed after the close of business Friday, August 19, 2016 and the units will commenced trading under the ticker symbol FIG on Monday, August 22, 2016.
About Marret Asset Management Inc.
Marret Asset Management Inc. specializes in fixed income and particularly in high-yield debt strategies. The experienced team of investment professionals is led by Barry Allan, President and Chief Investment Officer. He founded Marret in 2000, following a career at Altamira, Nesbitt Thomson and a Canadian chartered bank, and has over 30 years of experience in credit and fixed-income markets.
About First Asset Investment Management Inc.
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. First Asset is the investment fund manager, portfolio advisor and trustee for 36 TSX-listed exchange-traded funds.
For further information:
Marret Investor Services, 416-214-5800 or email@example.com
First Asset Investor Relations, 416-642-1289 or 1-877-642-1289 or www.firstasset.com
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This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions "seeks", "expects", "believes", "estimates", "will", "target" and similar expressions. The forward-looking statements are not historical facts but reflect the current expectations of Marret and the managers of the underlying portfolios regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. Marret believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, Marret can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks Factors" in the prospectus. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Marret undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release. First Asset Funds are managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital). TMFirst Asset and its logo are trademarks of FA Capital, a wholly owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX". ®CI Financial is a registered trademark of CI Investment Inc., used under license.