Communiqués de presse

First Asset Announces Risk Rating Changes for 17 ETFs

TORONTO, April 22, 2019 - First Asset Investment Management Inc. ("First Asset") announced today that the risk ratings of certain of its exchange traded funds ("ETFs") have changed as described in the table below. The changes will be reflected in the prospectus and ETF Facts that will be filed on or about April 22, 2019. The risk rating changes are based on the methodology mandated by the Canadian Securities Administrators and are not a result of any changes to the investment objectives, strategies or management of the ETFs.

ETF Name Ticker Symbol New Risk Rating Prior Risk Rating
CI First Asset Active Canadian Dividend ETF FDV Low to Medium Medium
CI First Asset Active Credit ETF
(common units and US$ common units)
FAO and FAO.U Low Low to Medium
CI First Asset Canadian Buyback Index ETF FBE Low to Medium Medium
CI First Asset Canadian REIT ETF RIT Low to Medium Medium
CI First Asset Core Canadian Equity ETF CED Low to Medium Medium
CI First Asset Core Canadian Equity Income Class ETF CSY Low to Medium Medium
CI First Asset Morningstar Canada Dividend Target 30 Index ETF DXM Low to Medium Medium
CI First Asset Morningstar Canada Momentum Index ETF WXM Low to Medium Medium
CI First Asset Morningstar International Value Index ETF
(unhedged common units)
VXM.B Medium Medium to High
CI First Asset Morningstar National Bank Québec Index ETF QXM Low to Medium Medium
CI First Asset Morningstar US Momentum Index ETF
(unhedged common units)
YXM.B Medium Medium to High
CI First Asset MSCI Canada Quality Index Class ETF FQC Low to Medium Medium
CI First Asset MSCI Europe Low Risk Weighted ETF
(unhedged common units)
RWE.B Low to Medium Medium
CI First Asset MSCI USA Low Risk Weighted ETF
(common units)
RWU Low to Medium Medium
CI First Asset Tech Giants Covered Call ETF
(common units)
TXF Medium Medium to High
CI First Asset U.S. Buyback Index ETF FBU Medium Medium to High
CI First Asset U.S. TrendLeaders Index ETF SID Medium Medium to High

The ETFs' prospectus and each of their respective ETF Facts documents can be found on our website at www.firstasset.com or at www.sedar.com. A copy of the standardized risk classification methodology used by First Asset to identify the investment risk levels of the ETFs is available on request, at no cost, by calling us at 416-642-1289 or 1-877-642-1289.

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.

For further information, please contact Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.

This communication is intended for informational purposes only. Please read the prospectus before investing. Copies of the prospectus may be obtained from your investment advisor, First Asset or at www.sedar.com. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs). 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. First Asset ETFs are managed by First Asset Investment Management Inc., a subsidiary of CI Financial Corp., which is listed on the Toronto Stock Exchange under the symbol "CIX". TMFirst Asset and its logo are trademarks of a subsidiary of CI Financial Corp. and ®CI FINANCIAL is a registered trademark of CI Investment Inc., used under license.

Not for dissemination to U.S. newswire services or for dissemination to the United States of America.