Communiqués de presse

Confirmed 2018 Annual Special Distributions For First Asset ETFs

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
Special Distributions
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
ZXM.B $0.902
First Asset Morningstar International Value Index ETF VXM $0.883
VXM.B $1.176
First Asset Morningstar US Dividend Target 50 Index ETF UXM $0.717
UXM.B $1.438
First Asset Morningstar US Value Index ETF XXM $0.238
XXM.B $0.888
First Asset MSCI Europe Low Risk Weighted ETF RWE $0.401
RWE.B $0.266
First Asset MSCI World Low Risk Weighted ETF RWW $0.079
RWW.B $0.602
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
CES.B $1.911
CES.U $1.680
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
FGO.U $0.025
First Asset Enhanced Short Duration Bond ETF FSB $0.152
FSB.U $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 -
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

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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