First Asset Energy & Resource Fund Announces Termination and Final Valuation

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

TORONTO, Aug. 1, 2017 /CNW/ - Further to its announcement on June 2, 2017, First Asset (I) General Partner Inc. (the "General Partner"), the general partner of First Asset Energy & Resource Fund (TSX: TRF.UN) (the "Fund"), announces that the Fund's units were delisted from the Toronto Stock Exchange, and the Fund was terminated, on July 31, 2017 (the "Termination Date"). 

The Fund's final net asset value per unit was $15.7407.

For those Limited Partners who hold their units through a participant in CDS Clearing and Depository Services Inc. ("CDS"), the termination proceeds will be remitted on or about August 4, 2017 to the beneficial holders of such units through CDS.

For those Limited Partners who hold unit certificates of the Fund, or of "Triax Resource Limited Partnership" (the Fund's former name), those certificates will become null and void effective on the Termination Date.  The termination proceeds will be remitted on or about August 4, 2017 to the Fund's registrar and transfer agent, Computershare Trust Company of Canada ("Computershare").  Computershare will, in turn, remit such proceeds to such Limited Partners.  Termination proceeds (less any applicable withholding taxes in respect of non-residents of Canada) will be sent to each Limited Partner's address as recorded as of the Termination Date in the register of Limited Partners maintained by Computershare.

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SOURCE First Asset

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