TORONTO, February 15, 2018 - Further to its announcement on December 6, 2017, First Asset Investment Management Inc. ("First Asset") announces that First Asset Can-Energy Covered Call ETF (the "Fund") was terminated effective today. The units of the Fund were delisted from the Toronto Stock Exchange on February 14, 2018. At the time of termination, the Fund's final net asset value ("Final NAV”) will be distributed on a pro rata basis among the Fund’s holders. All payments will be made to holders on or about February 20, 2018 without any further action required by those holders.
In addition, immediately before the time of termination, holders of the Fund will receive a final distribution ("Final Distribution") consisting of net income not previously distributed by the Fund. The Final Distribution will be automatically reinvested at a price equal to the Final NAV per unit of the Fund and consolidated such that the number of units outstanding and the net asset value per unit of the Fund following the Final Distribution will not change (except where there are non-resident unitholders to the extent tax is required to be withheld in respect of the distribution).
|Fund Name||Ticker(s)||Final NAV per unit||Final Distribution per unit|
|First Asset Can-Energy Covered Call ETF||OXF||$7.9843||$0.00486|
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