/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA./
TORONTO, Nov. 26, 2018 /CNW/ - Further to its press
release dated November 1, 2018, First
Asset Investment Management Inc. ("First Asset") announces
that the mergers of each of First Asset Diversified Convertible
Debenture Fund (TSX: DCD.UN), First Asset Canadian Convertibles
Fund (TSX: ADC.UN) and First Asset North American Convertibles Fund
(TSX: NCD.UN) (each, a "Fund and collectively, the
"Funds") into First Asset Canadian Convertible Bond ETF
(TSX: CXF) are expected to occur after the close of business
(Toronto Time) on Friday, December 7,
2018. First Asset will announce the exchange ratios pursuant
to which the mergers are implemented on Monday, December 10, 2018.
Unitholders are not required to take any action in connection
with a Merger.
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.
You will usually pay brokerage fees to your dealer if you purchase
or sell units of a Fund 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 a Fund and may receive less than the
current net asset value when selling them. There are ongoing fees
and expenses associated with owning units of a Fund. A Fund must
prepare disclosure documents that contain key information about the
Fund. You can find more detailed information about the Fund in
these documents. Investment funds are not guaranteed, their values
change frequently and past performance may not be repeated.
This press release contains forward-looking statements and
information within the meaning of applicable securities
legislation. Forward-looking statements can be identified by the
expressions "seeks", "expects", "believes", "anticipates",
"estimates", "will", "target" and similar expressions. The
forward-looking statements are not historical facts but reflect the
current expectations of First Asset regarding future results or
events and are based on information currently available to them.
Certain material factors and assumptions were applied in providing
these forward-looking statements. All forward-looking statements in
this press release are qualified by these cautionary statements.
First Asset believes that the expectations reflected in
forward-looking statements are based upon reasonable assumptions;
however, First Asset can give no assurance that the actual results
or developments will be realized. These forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current
expectations. Readers, therefore, should not place undue reliance
on any such forward-looking statements. Further, a forward-looking
statement speaks only as of the date on which such statement is
made. First Asset undertakes no obligation to publicly update any
such statement or to reflect new information or the occurrence of
future events or circumstances except as required by securities
laws. These forward-looking statements are made as of the date of
this press release. 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
