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 |
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 |
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SOURCE First Asset
