First Asset Announces Completion of Mergers of Convertible Debenture Closed-End Funds with First Asset Canadian Convertible Bond ETF

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

TORONTO, Dec. 10, 2018 /CNW/ - Further to its press release on November 26, 2018, First Asset Investment Management Inc. (the "Manager") announces that the merger 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) with First Asset Canadian Convertible Bond ETF (TSX: CXF) (the "First Asset ETF") was completed on December 7, 2018.

In connection with each merger, each holder of units of a Fund received the number of units of the First Asset ETF indicated in the table below for each Fund unit held. The First Asset ETF units are listed on the Toronto Stock Exchange under the ticker symbol: CXF.

Fund

Units of First Asset ETF Received
per Unit of the Fund

First Asset Diversified Convertible Debenture Fund  (TSX: ADC.UN)

1.413423

First Asset Canadian Convertibles Fund  (TSX: DCD.UN)

0.677415

First Asset North American Convertibles Fund  (TSX: NCD.UN)

0.765118

 

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.

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

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