TORONTO, December 31, 2018 - First Asset Investment Management Inc. ("First Asset") announces the confirmed amounts of the annual special, year-end distributions (the "Special Distributions") for the 2018 tax year for its First Asset exchange traded funds ("First Asset ETFs"), as set out in the table below.
Each of the First Asset ETFs is required to distribute any net income and capital gains that it has earned in the year. The Special Distributions will generally consist of capital gains and/or any excess net income at year end. The Special Distributions will not be paid in cash, but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investor will not change. Investors holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their investment. In all cases, the Special Distributions will be reinvested on or about December 31, 2018, to unitholders of record on December 28, 2018. The ex-dividend date in each case is December 27, 2018.
These confirmed amounts are for the Special Distributions only and do not include the ongoing regular monthly or quarterly cash distribution amounts which were announced on December 12, 2018, in a separate press release. These confirmed Special Distribution amounts replace the previous estimates announced on December 7, 2018.
The actual taxable amounts of all distributions for the First Asset ETFs for 2018, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2019.
|Fund Name||TSX Trading Symbol||CONFIRMED
per Fund Unit
|First Asset 1-5 Year Laddered Government Strip Bond Index ETF||BXF||$0.001|
|First Asset Morningstar Canada Momentum Index ETF||WXM||$0.361|
|First Asset Morningstar National Bank Québec Index ETF||QXM||$0.342|
|First Asset Morningstar International Momentum Index ETF||ZXM||$0.574|
|First Asset Morningstar International Value Index ETF||VXM||$0.883|
|First Asset Morningstar US Dividend Target 50 Index ETF||UXM||$0.717|
|First Asset Morningstar US Value Index ETF||XXM||$0.238|
|First Asset MSCI Europe Low Risk Weighted ETF||RWE||$0.401|
|First Asset MSCI World Low Risk Weighted ETF||RWW||$0.079|
|First Asset Canadian Buyback Index ETF||FBE||$0.622|
|First Asset U.S. Tactical Sector Allocation Index ETF||FUT||$0.067|
|First Asset Core U.S. Equity ETF||CES||$0.971|
|First Asset Active Utility & Infrastructure ETF||FAI||$0.448|
|First Asset Canadian REIT ETF||RIT||$0.027|
|First Asset European Bank ETF||FHB||$0.040|
|First Asset Preferred Share ETF||FPR||$0.043|
|First Asset Enhanced Government Bond ETF||FGO||$0.000|
|First Asset Enhanced Short Duration Bond ETF||FSB||$0.152|
|ETFs listed below do not have any Special Distributions for 2018:|
|First Asset Morningstar Canada Dividend Target 30 Index ETF||DXM||-|
|First Asset Morningstar Canada Value Index ETF||FXM||-|
|First Asset Morningstar US Momentum Index ETF||YXM||-|
|First Asset MSCI Canada Low Risk Weighted ETF||RWC||-|
|First Asset MSCI International Low Risk Weighted ETF||RWX||-|
|First Asset MSCI USA Low Risk Weighted ETF||RWU||-|
|First Asset U.S. Buyback Index ETF||FBU||-|
|First Asset U.S. Trendleaders Index ETF||SID||-|
|First Asset Core Canadian Equity ETF||CED||-|
|First Asset Can-Materials Covered Call ETF||MXF||-|
|First Asset Energy Giants Covered Call ETF||NXF||-|
|First Asset Health Care Giants Covered Call ETF||FHI||-|
|First Asset Tech Giants Covered Call ETF||TXF||-|
|First Asset Active Canadian Dividend ETF||FDV||-|
|First Asset Canadian Convertible Bond ETF||CXF||-|
|First Asset U.S. & Canada Lifeco Income ETF||FLI||-|
|First Asset Active Credit ETF||FAO||-|
|First Asset Investment Grade Bond ETF||FIG||-|
|First Asset Long Duration Fixed Income ETF||FLB||-|
|First Asset Global Financial Sector ETF||FSF||-|
|CORPORATE CLASS ETFs|
|First Asset CanBanc Income Class ETF||CIC||-|
|First Asset Core Canadian Equity Income ETF||CSY||-|
|First Asset Short Term Government Bond Index Class ETF||FGB||-|
|First Asset MSCI Canada Quality Index Class ETF||FQC||-|
For further information, please contact Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.
First Asset - Smart SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. 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.
This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
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