/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION TO THE UNITED STATES
OF AMERICA/
TORONTO, Dec. 5, 2014 /CNW/ - First Asset Investment
Management Inc. ("First Asset") announces the estimated
annual special year-end distributions (the "Special
Distributions") for the 2014 tax year for the First Asset ETFs
listed below. Please note that these are estimated amounts
only as of December 1, 2014 and
include certain forward-looking information which may cause the
estimated Special Distributions to change before the First Asset
ETFs' tax year-end on December 15,
2014. These estimated amounts are for the Special
Distributions only and do not include the ongoing monthly or
quarterly cash distribution amounts which are expected to be
announced on or before December 17,
2014.
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
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 paid to unitholders of
record on December 30, 2014.
The ex-dividend date in each case is December 24, 2014.
First Asset expects to announce the final Special Distribution
amounts (subject to any further revisions to per unit amounts
resulting from subscription and redemption activity prior to the
record date), as well as regular monthly or quarterly cash
distribution amounts, on or about December
17, 2014. The actual taxable amounts of all
distributions (cash and reinvested) for 2014, including the tax
characteristics of the distributions, will be reported to brokers
(through CDS Clearing and Depository Services Inc. or "CDS")
in early 2015.
|
Fund
Name
|
TSX
Trading
Symbol
|
Estimated
Special
Distributions
per Fund Unit as
at
December 1,
2014
|
|
First Asset
Morningstar Canada Dividend Target 30 Index ETF
|
DXM
|
$0.1252
|
|
DXM.A
|
$0.1462
|
|
First Asset
Morningstar National Bank Québec Index ETF
|
QXM
|
$0.3832
|
|
QXM.A
|
$0.3776
|
|
First Asset
Morningstar Canada Value Index ETF
|
FXM
|
$0.4251
|
|
FXM.A
|
$0.3814
|
|
First Asset
Morningstar Canada Momentum Index ETF
|
WXM
|
$0.0558
|
|
WXM.A
|
$0.0278
|
|
First Asset
Morningstar US Value Index ETF
|
XXM
|
$0.0000
|
|
XXM.A
|
$0.0000
|
|
XXM.B
|
$0.2298
|
|
XXM.D
|
$0.2136
|
|
First Asset
Morningstar International Value Index ETF
|
VXM
|
$0.0412
|
|
VXM.A
|
$0.1438
|
|
VXM.B
|
$0.0000
|
|
VXM.D
|
$0.0000
|
|
First Asset
Morningstar International Momentum Index ETF
|
ZXM
|
$0.0810
|
|
ZXM.A
|
$0.2256
|
|
ZXM.B
|
$0.0000
|
|
ZXM.D
|
$0.0000
|
|
First Asset MSCI
Canada Low Risk Weighted ETF
|
RWC
|
$0.2407
|
|
RWC.A
|
$0.2487
|
|
First Asset MSCI USA
Low Risk Weighted ETF
|
RWU
|
$0.3266
|
|
RWU.A
|
$0.2531
|
|
RWU.B
|
$0.3527
|
|
RWU.D
|
$0.3804
|
|
First Asset MSCI
Europe Low Risk Weighted ETF
|
RWE
|
$0.5595
|
|
RWE.A
|
$0.8732
|
|
RWE.B
|
$0.0000
|
|
RWE.D
|
$0.1368
|
|
First Asset MSCI
World Low Risk Weighted ETF
|
RWW
|
$0.2584
|
|
RWW.A
|
$0.6118
|
|
RWW.B
|
$0.4240
|
|
RWW.D
|
$0.4370
|
|
|
|
|
First Asset Can-60
Covered Call ETF
|
LXF
|
$0.00
|
|
LXF.A
|
$0.00
|
|
First Asset
Can-Energy Covered Call ETF
|
OXF
|
$0.00
|
|
OXF.A
|
$0.00
|
|
First Asset
Can-Financials Covered Call ETF
|
FXF
|
$0.00
|
|
FXF.A
|
$0.00
|
|
First Asset
Can-Materials Covered Call ETF
|
MXF
|
$0.00
|
|
MXF.A
|
$0.00
|
|
First Asset Canadian
Convertible Bond ETF
|
CXF
|
$0.00
|
|
CXF.A
|
$0.00
|
|
First Asset Tech
Giants Covered Call ETF
|
TXF
|
$0.00
|
|
TXF.A
|
$0.00
|
|
First Asset
Morningstar US Dividend Target 50 Index ETF
|
UXM
|
$0.00
|
|
UXM.A
|
$0.00
|
|
UXM.B
|
$0.00
|
|
UXM.D
|
$0.00
|
|
First Asset
Morningstar US Momentum Index ETF
|
YXM
|
$0.00
|
|
YXM.A
|
$0.00
|
|
YXM.B
|
$0.00
|
|
YXM.D
|
$0.00
|
|
First Asset Hamilton
Capital European Bank ETF
|
FHB
|
$0.00
|
|
FHB.A
|
$0.00
|
|
First Asset U.S.
& Canada Lifeco Income ETF
|
FLI
|
$0.00
|
|
FLI.A
|
$0.00
|
|
First Asset Active
Canadian Dividend ETF
|
FDV
|
$0.00
|
|
FDV.A
|
$0.00
|
|
First Asset Active
Canadian REIT ETF
|
FRF
|
$0.00
|
|
FRF.A
|
$0.00
|
|
First Asset
Government Bond Barbell Index ETF
|
GXF
|
$0.00
|
|
GXF.A
|
$0.00
|
|
First Asset Corporate
Bond Barbell Index ETF
|
KXF
|
$0.00
|
|
KXF.A
|
$0.00
|
|
First Asset All
Canada Bond Barbell Index ETF
|
AXF
|
$0.00
|
|
AXF.A
|
$0.00
|
|
First Asset
Provincial Bond Index ETF
|
PXF
|
$0.00
|
|
PXF.A
|
$0.00
|
|
First Asset 1-5 Year
Laddered Government Strip Bond Index ETF
|
BXF
|
$0.00
|
|
BXF.A
|
$0.00
|
|
First Asset
Morningstar Emerging Markets Composite Bond Index ETF
|
EXM
|
$0.00
|
|
EXM.A
|
$0.00
|
Forward-looking information
This press release contains forward-looking statements with
respect to the estimated Special Distributions for the First Asset
ETFs. By their nature, these forward-looking statements involve
certain risks and uncertainties that could cause the actual
distributions to differ materially from those contemplated by the
forward-looking statements. Material factors that could cause
the actual Special Distributions to differ from the estimated
Special Distributions between now and December 15, 2014 (the First Asset ETFs' tax
year-ends) include, without limitation: the actual amounts of
distributions received by the First Asset ETFs; the actual amount
of capital gains generated from sales of securities; and
subscription and redemption activity in the First Asset ETFs.
This communication is intended for informational purposes only.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds. Please read the
prospectus before investing. The funds are not guaranteed, their
values change frequently and past performance may not be
repeated.
SOURCE First Asset Exchange Traded Funds