Communiqués de presse

First Asset ETFs to be Rebranded as CI First Asset ETFs

TORONTO (April 22, 2019) - First Asset Investment Management Inc. ("First Asset") and CI Investments Inc. ("CI"), an affiliate of First Asset, are pleased to announce that First Asset ETFs will be rebranded as CI First Asset ETFs effective April 29, 2019.

"The new branding reflects the growing synergies between our firms," said Rohit Mehta, President of First Asset and Executive Vice-President, CI Financial Corp. "We are bringing together First Asset's specialized experience in smart beta and actively managed ETFs with CI's strength in investment management and its extensive national reach." CI Financial Corp. is the parent company of CI and First Asset.

The change also simplifies the client experience by clarifying the relationship between the two firms, which are now working closely together in product development, sales and marketing. Certain members of CI's investment management teams are portfolio managers of several actively managed First Asset ETFs, and, in January, CI launched CI Mosaic ETF Portfolios, a series of mutual fund portfolios that invest primarily in First Asset ETFs.

"Our strategy is to be 'platform-agnostic' - making it easy for advisors and investors to access our investment management expertise and innovative solutions by offering them through a variety of platforms, including mutual funds, pools and ETFs," Mr. Mehta said.

A leader in smart beta and actively managed ETFs, First Asset is now the fifth largest ETF provider in Canada, with over $5 billion in ETF assets under management.

The list of ETF name changes is below. The CI First Asset ETFs' ticker symbols are not changing.

Ticker Former Name New Name
BXF First Asset 1-5 Year Laddered Government Strip Bond Index ETF CI First Asset 1-5 Year Laddered Government Strip Bond Index ETF
FDV First Asset Active Canadian Dividend ETF CI First Asset Active Canadian Dividend ETF
FAO, FAO.U First Asset Active Credit ETF CI First Asset Active Credit ETF
FAI First Asset Active Utility & Infrastructure ETF CI First Asset Active Utility & Infrastructure ETF
FBE First Asset Canadian Buyback Index ETF CI First Asset Canadian Buyback Index ETF
CXF First Asset Canadian Convertible Bond ETF CI First Asset Canadian Convertible Bond ETF
RIT First Asset Canadian REIT ETF CI First Asset Canadian REIT ETF
CIC First Asset CanBanc Income Class ETF CI First Asset CanBanc Income Class ETF
MXF First Asset Can-Materials Covered Call ETF CI First Asset Can-Materials Covered Call ETF
CED First Asset Core Canadian Equity ETF CI First Asset Core Canadian Equity ETF
CSY First Asset Core Canadian Equity Income Class ETF CI First Asset Core Canadian Equity Income Class ETF
CES, CES.U, CES.B First Asset Core U.S. Equity ETF CI First Asset Core U.S. Equity ETF
NXF, NXF.B First Asset Energy Giants Covered Call ETF CI First Asset Energy Giants Covered Call ETF
FGO, FGO.U First Asset Enhanced Government Bond ETF CI First Asset Enhanced Government Bond ETF
FSB, FSB.U First Asset Enhanced Short Duration Bond ETF CI First Asset Enhanced Short Duration Bond ETF
FHB First Asset European Bank ETF CI First Asset European Bank ETF
FSF First Asset Global Financial Sector ETF CI First Asset Global Financial Sector ETF
FHI, FHI.B First Asset Health Care Giants Covered Call ETF CI First Asset Health Care Giants Covered Call ETF
FIG, FIG.U First Asset Investment Grade Bond ETF CI First Asset Investment Grade Bond ETF
FLB First Asset Long Duration Fixed Income ETF CI First Asset Long Duration Fixed Income ETF
DXM First Asset Morningstar Canada Dividend Target 30 Index ETF CI First Asset Morningstar Canada Dividend Target 30 Index ETF
WXM First Asset Morningstar Canada Momentum Index ETF CI First Asset Morningstar Canada Momentum Index ETF
FXM First Asset Morningstar Canada Value Index ETF CI First Asset Morningstar Canada Value Index ETF
ZXM, ZXM.B First Asset Morningstar International Momentum Index ETF CI First Asset Morningstar International Momentum Index ETF
VXM, VXM.B First Asset Morningstar International Value Index ETF CI First Asset Morningstar International Value Index ETF
QXM First Asset Morningstar National Bank Québec Index ETF CI First Asset Morningstar National Bank Québec Index ETF
UXM, UXM.B First Asset Morningstar US Dividend Target 50 Index ETF CI First Asset Morningstar US Dividend Target 50 Index ETF
YXM, YXM.B First Asset Morningstar US Momentum Index ETF CI First Asset Morningstar US Momentum Index ETF
XXM, XXM.B First Asset Morningstar US Value Index ETF CI First Asset Morningstar US Value Index ETF
RWC First Asset MSCI Canada Low Risk Weighted ETF CI First Asset MSCI Canada Low Risk Weighted ETF
FQC First Asset MSCI Canada Quality Index Class ETF CI First Asset MSCI Canada Quality Index Class ETF
RWE, RWE.B First Asset MSCI Europe Low Risk Weighted ETF CI First Asset MSCI Europe Low Risk Weighted ETF
RWX, RWX.B First Asset MSCI International Low Risk Weighted ETF CI First Asset MSCI International Low Risk Weighted ETF
RWU, RWU.B First Asset MSCI USA Low Risk Weighted ETF CI First Asset MSCI USA Low Risk Weighted ETF
RWW, RWW.B First Asset MSCI World Low Risk Weighted ETF CI First Asset MSCI World Low Risk Weighted ETF
FPR First Asset Preferred Share ETF CI First Asset Preferred Share ETF
FGB First Asset Short Term Government Bond Index Class ETF CI First Asset Short Term Government Bond Index Class ETF
TXF, TXF.B First Asset Tech Giants Covered Call ETF CI First Asset Tech Giants Covered Call ETF
FLI First Asset U.S. & Canada Lifeco Income ETF CI First Asset U.S. & Canada Lifeco Income ETF
FBU First Asset U.S. Buyback Index ETF CI First Asset U.S. Buyback Index ETF
FUT First Asset U.S. Tactical Sector Allocation Index ETF CI First Asset U.S. Tactical Sector Allocation Index ETF
SID First Asset U.S. TrendLeaders Index ETF CI First Asset U.S. TrendLeaders Index ETF

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.

CI Investments - Trusted Partner in WealthTM
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $176.3 billion in fee-earning assets as of March 31, 2019.

For further information: 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.

CI Mosaic ETF Portfolios are managed and advised by CI Multi-Asset Management, a division of CI Investments Inc. The CI Multi-Asset Management design and logo are trademarks of CI Investments Inc. © CI Investments Inc. 2019. All rights reserved. ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. CI Mosaic ETF Portfolios is a trademark of CI Investments Inc.

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