/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES OF AMERICA./
TORONTO, Dec. 31, 2018 /CNW/ - 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
|
-
|
|
YXM.B
|
-
|
|
First Asset MSCI
Canada Low Risk Weighted ETF
|
RWC
|
-
|
|
First Asset MSCI
International Low Risk Weighted ETF
|
RWX
|
-
|
|
RWX.B
|
-
|
|
First Asset MSCI USA
Low Risk Weighted ETF
|
RWU
|
-
|
|
RWU.B
|
-
|
|
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
|
-
|
|
NXF.B
|
-
|
|
First Asset Health
Care Giants Covered Call ETF
|
FHI
|
-
|
|
FHI.B
|
-
|
|
First Asset Tech
Giants Covered Call ETF
|
TXF
|
-
|
|
TXF.B
|
-
|
|
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
|
-
|
|
FAO.U
|
-
|
|
First Asset
Investment Grade Bond ETF
|
FIG
|
-
|
|
FIG.U
|
-
|
|
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
|
-
|
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.
TMFirst Asset and its logo are trademarks of First
Asset Capital Corp., a wholly-owned subsidiary of CI Financial
Corp. which is listed on the Toronto Stock Exchange under the
symbol "CIX". ®CI FINANCIAL is a registered trademark of CI
Investments Inc., used under license.
SOURCE First Asset ETFs