First Asset Tech Giants Covered Call ETF Announces Results of Unitholder Meeting

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TSX: TXF and TXF.B

TORONTO, June 4, 2018 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces that, at a meeting of the unitholders of First Asset Tech Giants Covered Call ETF (the "Fund") (TSX: TXF; TXF.B) held today, unitholders approved an amendment to the fundamental investment objective of the Fund in response to certain changes to the Global Industry Classification Standard ("GICS").  The amendment will substantially preserve the scope of companies that the Fund is currently permitted to invest in by allowing the Fund to also invest in certain GICS sub-industries. The amendment will take effect on or about September 28, 2018, concurrently with the scheduled changes to the GICS classifications.

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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.

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SOURCE First Asset

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