First Asset Closed-End Funds Announce January 2018 Distributions

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TORONTO, Jan. 22, 2018 /CNW/ - First Asset Closed-End Funds announce the following distribution for the month ending January 31, 2018.  The distribution will be paid on or before February 15, 2018, to holders of record on January 31, 2018.

Note 1.  First Asset Morningstar U.S. Consumer Defensive Index Fund announces that the targeted distribution rate for the calendar year ending December 31, 2018, will be 6.55% per annum based on the closing net asset value of the Fund on December 31, 2017 of $9.86 per Unit ($0.0538 per unit per month).  The annual distribution rate is determined pursuant to a formula which incorporates historical levels of distributions paid, the rate of inflation, and performance of the Fund, and will not be less than 4%, or more than 7% per annum based on the net asset value per Unit as at the end of the preceding calendar year.  

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This communication is intended for informational purposes only. You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. First Asset Funds are managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital). ^TMFirst Asset and its logo are trademarks of FA Capital, 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 Investment Inc., used under license.

SOURCE First Asset

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