TORONTO, March 29, 2018 - First Asset Global Dividend Fund (the "Fund") announces that all of the issued and outstanding units the Fund (the "Units") will be redeemed by the Fund on or about June 8, 2018 (the "Termination Date").
On or about June 12, 2018, the Fund shall distribute to holders of the Units (the "Unitholders") as of the Termination Date their proportionate share of all property and assets of the Fund available for distribution through the final redemption of all outstanding Units of the Fund. Unitholders are not required to take any action in connection with the termination and final redemption.
Unitholders may continue to redeem or switch their Units in the normal course up to the close of business on the Termination Date. First Asset will waive any applicable redemption fees, sales charges or short-term trading fees for such transactions of Units. First Asset encourages all Shareholders to consult with their financial advisors to understand the financial and tax implications associated with redeeming their units of the Fund and to discuss their investment options.
The Fund is now closed to new purchases by new and existing investors.
For further information, please call Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.
This press release contains forward-looking statements and information within the meaning of applicable securities legislation. The forward-looking statements are not historical facts but reflect the current expectations of First Asset regarding future results or events and are based on information currently available to them as of the date of this press release. 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. First Asset believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, First Asset 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. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Asset 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.
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