TORONTO, September 17, 2018 - Further to its announcement on September 5, 2018, First Asset Investment Management Inc. ("First Asset") confirms the amount of the special distribution that First Asset MSCI USA Low Risk Weighted ETF (the "Fund") will pay on its hedged units (TSX: RWU) and unhedged units (TSX: RWU.B) in the amounts detailed in the table below (the "Special Distribution"). The Special Distribution will be paid in cash on or about September 28, 2018 to unitholders of record on September 14, 2018.
|Fund Name||TSX Trading Symbol||Confirmed Special Distribution per Fund Unit as at September 14, 2018|
|First Asset MSCI USA Low Risk Weighted ETF||RWU (Hedged)||$0.0760|
The Special Distribution arises as a result of the merger (the "Merger") of First Asset Morningstar U.S. Consumer Defensive Index Fund (TSX: UCD.UN) with the Fund on September 14, 2018. The Fund is required to distribute any net income and capital gains that it has earned for the year to date period immediately prior to the Merger. The Special Distribution will generally consist of capital gains and/or any excess net income at year end. Investors holding their units outside registered plans will have taxable amounts to report.
The Special Distribution will be the only distribution made by the Fund for the quarter-ended September 30, 2018. The Fund will resume regular quarterly cash distributions in December 2018.
The actual taxable amounts of the Special Distribution, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") and will be posted on the First Asset website in early 2019.
For further information: please contact First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.
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