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TORONTO, Dec. 31, 2018 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces the confirmed amounts of the annual special, year-end distributions (the "Special Distributions") for the 2018 tax year for its First Asset exchange traded funds ("First Asset ETFs"), as set out in the table below.

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/or any excess net income at year end.  The Special Distributions 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 reinvested on or about December 31, 2018, to unitholders of record on December 28, 2018.  The ex-dividend date in each case is December 27, 2018.

These confirmed amounts are for the Special Distributions only and do not include the ongoing regular monthly or quarterly cash distribution amounts which were announced on December 12, 2018, in a separate press release.  These confirmed Special Distribution amounts replace the previous estimates announced on December 7, 2018. 

The actual taxable amounts of all distributions for the First Asset ETFs for 2018, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2019.

Fund Name

 

TSX Trading
Symbol

CONFIRMED

Special Distributions

per Fund Unit

First Asset 1-5 Year Laddered Government Strip Bond Index ETF

BXF

$0.001

First Asset Morningstar Canada Momentum Index ETF

WXM

$0.361

First Asset Morningstar National Bank Québec Index ETF

QXM

$0.342

First Asset Morningstar International Momentum Index ETF

 

ZXM

$0.574

ZXM.B

$0.902

First Asset Morningstar International Value Index ETF

 

VXM

$0.883

VXM.B

$1.176

First Asset Morningstar US Dividend Target 50 Index ETF

 

UXM

$0.717

UXM.B

$1.438

First Asset Morningstar US Value Index ETF

 

XXM

$0.238

XXM.B

$0.888

First Asset MSCI Europe Low Risk Weighted ETF

 

RWE

$0.401

RWE.B

$0.266

First Asset MSCI World Low Risk Weighted ETF

 

RWW

$0.079

RWW.B

$0.602

First Asset Canadian Buyback Index ETF

FBE

$0.622

First Asset U.S. Tactical Sector Allocation Index ETF

FUT

$0.067

First Asset Core U.S. Equity ETF

 

 

CES

$0.971

CES.B

$1.911

CES.U

$1.680

First Asset Active Utility & Infrastructure ETF

FAI

$0.448

First Asset Canadian REIT ETF

RIT

$0.027

First Asset European Bank ETF

FHB

$0.040

First Asset Preferred Share ETF

FPR

$0.043

First Asset Enhanced Government Bond ETF

FGO

$0.000

FGO.U

$0.025

First Asset Enhanced Short Duration Bond ETF

 

FSB

$0.152

FSB.U

$0.152

 

ETFs listed below do not have any Special Distributions for 2018:

First Asset Morningstar Canada Dividend Target 30 Index ETF

DXM

-

First Asset Morningstar Canada Value Index ETF

FXM

-

First Asset Morningstar US Momentum Index ETF

 

YXM

-

YXM.B

-

First Asset MSCI Canada Low Risk Weighted ETF

RWC

-

First Asset MSCI International Low Risk Weighted ETF

 

RWX

-

RWX.B

-

First Asset MSCI USA Low Risk Weighted ETF

 

RWU

-

RWU.B

-

First Asset U.S. Buyback Index ETF

FBU

-

First Asset U.S. Trendleaders Index ETF

SID

-

First Asset Core Canadian Equity ETF

CED

-

First Asset Can-Materials Covered Call ETF

MXF

-

First Asset Energy Giants Covered Call ETF

NXF

-

NXF.B

-

First Asset Health Care Giants Covered Call ETF

FHI

-

FHI.B

-

First Asset Tech Giants Covered Call ETF

 

TXF

-

TXF.B

-

First Asset Active Canadian Dividend ETF

FDV

-

First Asset Canadian Convertible Bond ETF

CXF

-

First Asset U.S. & Canada Lifeco Income ETF

FLI

-

First Asset Active Credit ETF

 

FAO

-

FAO.U

-

First Asset Investment Grade Bond ETF

FIG

-

FIG.U

-

First Asset Long Duration Fixed Income ETF

FLB

-

First Asset Global Financial Sector ETF

FSF

-



CORPORATE CLASS ETFs

First Asset CanBanc Income Class ETF

CIC

-

First Asset Core Canadian Equity Income ETF

CSY

-

First Asset Short Term Government Bond Index Class ETF

FGB

-

First Asset MSCI Canada Quality Index Class ETF

FQC

-

 

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. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.  You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF 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 the ETF and may receive less than the current net asset value when selling them. 

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 ETFs

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