First Asset Investment Management Inc. Announces Changes to its First Asset ETF Lineup

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

TORONTO, Dec. 6, 2017 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces that it will terminate First Asset Can-Energy Covered Call ETF (TSX:OXF) (the "Fund") on or about February 15, 2018 (the "Termination Date").   The Manager will request the TSX to de-list units of the Fund from the Toronto Stock Exchange (the "TSX") on or about February 14, 2018. Until such date, units of the Fund will continue to be listed on the TSX. 

In connection with the termination of the Fund, and in accordance with the Fund's declaration of trust, the net assets of the Fund will be liquidated and the proceeds therefrom distributed pro rata among holders of record of the Fund on the Termination Date. It is expected that final payment of the termination proceeds will be made on or about February 20, 2018. First Asset will issue an additional press release on or about the Termination Date confirming final details of the termination and final distribution.

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.

This press release contains forward-looking statements and information within the meaning of applicable securities legislation. The forward-looking statements are not historical facts but reflect the current expectations of First Asset regarding future results or events and are based on information currently available to them as of the date of this press release. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. First Asset believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, First Asset can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Asset undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws.

^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

please call Investor Relations, First Asset at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.