An anonymous director reports

FIRST ASSET ETFS ANNOUNCE ELIMINATION OF PACCS AND SWPS

As a result of low investor demand, CI Financial Corp.'s First Asset Investment Management Inc., the manager of the First Asset family of exchange-traded funds, will eliminate the preauthorized contribution plan (PACC) and the systematic withdrawal plans (SWP) in respect of its entire family of exchange-traded funds, effective July 1, 2017. For a complete list of affected ETFs, please visit the First Asset website.

Distribution reinvestment plans (DRIPs) in respect of the ETFs are not affected by this announcement. Unitholders may continue to participate in DRIPs.

Unitholders do not have to take any action in connection with the termination of the PACC and SWP plans.

First Asset -- smart solutions

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.

First Asset and its logo are trademarks of First Asset Capital Corp., a wholly owned subsidiary of CI Financial.