/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA./
TORONTO, Jan. 19, 2015 /CNW/ - Further to its press
release on January 13, 2015, First
Asset Investment Management Inc. (the "Manager") announces
that the merger of First Active Credit Fund (formerly, First Asset
Yield Opportunity Trust) (TSX: FAY.UN and FAY.U) (the
"Fund") with First Asset Active Credit ETF (the "First
Asset ETF") was completed and the First Asset ETF will commence
trading on the Toronto Stock Exchange later today under the ticker
symbols FAO and FAO.U.
In connection with the Merger:
- Each issued and outstanding Series A Unit of the Fund received
1.10586 Common Units of the ETF (TSX: FAO); and
- Each issued and outstanding Series B Unit of the Fund received
0.41337 US$ Common Units of the ETF (TSX: FAO.U).
First Asset - Smart SolutionsTM
First Asset
is an independent investment firm, focused on providing smart, low
cost solutions that address the real-world investment needs of
Canadians - capital appreciation, income generation and risk
mitigation. 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.
This offering is made only by prospectus. The prospectus
contains important detailed information about the ETF and its
units. A copy of the prospectus may be obtained from your
investment advisor, First Asset or at www.sedar.com. Investors
should read the prospectus before making an investment decision.
Commissions, trailing fees, management fees and expenses all may be
associated with investments in the ETF. The ETF is managed by First
Asset Investment Management Inc.
SOURCE First Asset