First Asset Announces Completion of Fund Mergers

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

TORONTO, March 13, 2017 /CNW/ - Further to its press release dated March 3, 2017, First Asset Investment Management Inc. announces that the merger of each merging fund listed in the chart below into the continuing mutual fund shown opposite its name (each, a "Continuing Mutual Fund") was completed after the close of business on March 10, 2017:

Merging Mutual Fund	Continuing Mutual Fund	Exchange Ratio
First Asset Canadian Convertible Debenture Fund Fundserv Code: FAF1003 (FE)	First Asset Canadian Convertible Bond Fund Fundserv Code: FAF5703 (FE)	0.81482
First Asset Canadian Dividend Opportunity Fund II Fundserv Code: FAF6201 (LL)	First Asset Canadian Dividend Opportunity Fund Fundserv Code: FAF6103 (FE)	0.89629

In connection with the mergers, unitholders of each merging fund received, for each unit of the merging fund held, that number of Class A units (Initial Sales Charge Option) of the applicable Continuing Mutual Fund listed in the "Exchange Ratio" column in the table above.

First Asset – Smart Solutions^TM
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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