06:00:17 EDT Fri 22 Sep 2017
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First Asset Canadian Convertible Bond ETF
Symbol C : CXF
Shares Issued 1,655,497
Close 2017-07-14 C$ 9.75
Recent Sedar Documents

First Asset adviser-class ETFs transfer to common class

2017-07-17 08:40 ET - News Release

Also News Release (C-BXF) First Asset 1-5 Year Laddered Gov't Strip Bond Index ETF
Also News Release (C-FHB) First Asset European Bank ETF
Also News Release (C-MXF) First Asset Can-Materials Covered Call ETF (2)
Also News Release (C-NXF) First Asset Energy Giants Covered Call ETF
Also News Release (C-OXF) First Asset Can-Energy Covered Call ETF (2)
Also News Release (C-TXF) First Asset Tech Giants Covered Call ETF

An anonymous director reports

FIRST ASSET ETFS COMPLETE CONVERSION OF ADVISOR CLASS UNITS TO COMMON CLASS UNITS

Further to its announcements on April 3, 2017, and May 1, 2017, First Asset Investment Management Inc., the manager of the First Asset exchange-traded funds (ETFs), completed the conversion of all adviser-class units to the corresponding common-class units of the same ETF at the close of business on Friday, July 14, 2017.

On the conversion date, First Asset reduced the annual management fee on the adviser-class units by an amount equal to the applicable service fee payable in respect of that class of units and thereafter converted all adviser-class units into the corresponding common-class units of the same ETF. Holders of record of the adviser-class units on the conversion date will receive a number of whole converted common-class units of the same ETF with an aggregate net asset value (NAV) equal to the aggregate NAV of the units converted, based on their respective NAVs as of the conversion date. The conversion of adviser-class units into whole common-class units of the same ETF does not give rise to a disposition by unitholders of converting adviser-class units for tax purposes on any whole units converted. Any remaining fractional adviser-class units will be redeemed for cash and such redemption will be considered a disposition for tax purposes.

A list of affected ETFs, the management fee reduction and the conversion ratio of adviser-class units to common-class units for each ETF is detailed in the associated table.

No action is required by unitholders on any of these changes.

                                                          Management
                                                           fee after
ETF                                       Adviser-class   conversion Adviser-class  Common-class Conversion
name                                     management fee         date        ticker        ticker      ratio

First Asset Canadian
Convertible Bond ETF                              1.40%        0.65%         CXF.A           CXF     0.9997
First Asset 1-5 Year
Laddered Government
Strip Bond Index ETF                              0.70%        0.20%         BXF.A           BXF     0.9997
First Asset Can-Energy
Covered Call ETF                                  1.40%        0.65%         OXF.A           OXF     1.0090
First Asset Can-Materials
Covered Call ETF                                  1.40%        0.65%         MXF.A           MXF     1.0090
First Asset Tech Giants
Covered Call ETF                                  1.40%        0.65%         TXF.A           TXF     0.9982
First Asset Energy Giants
Covered Call ETF                                  1.40%        0.65%         NXF.A           NXF     1.0015
                                                  1.40%        0.65%         NXF.D         NXF.B     1.0015
First Asset European Bank ETF                     1.60%        0.85%         FHB.A           FHB     0.9944
First Asset U.S. & Canada
Lifeco Income ETF                                 1.50%        0.75%         FLI.A           FLI     1.0119
First Asset Active Canadian
Dividend ETF                                      1.30%        0.55%         FDV.A           FDV     0.9987
First Asset Active Utility &
Infrastructure ETF                                1.40%        0.65%         FAI.A           FAI     1.0003
First Asset Canadian REIT ETF                     1.50%        0.75%         RIT.A           RIT     1.0006
First Asset Morningstar Canada
Dividend Target 30 Index ETF                      1.35%        0.60%         DXM.A           DXM     0.9980
First Asset Morningstar U.S.
Dividend Target 50 Index ETF                      1.35%        0.60%         UXM.A           UXM     0.9969
                                                  1.35%        0.60%         UXM.D         UXM.B     0.9992
First Asset Morningstar Canada
Momentum Index ETF                                1.35%        0.60%         WXM.A           WXM     0.9978
First Asset Morningstar U.S.
Momentum Index ETF                                1.35%        0.60%         YXM.A           YXM     0.9758
                                                  1.35%        0.60%         YXM.D         YXM.B     0.9722
First Asset Morningstar Canada
Value Index ETF                                   1.35%        0.60%         FXM.A           FXM     0.9965
First Asset Morningstar U.S.
Value Index ETF                                   1.35%        0.60%         XXM.A           XXM     0.9969
                                                  1.35%        0.60%         XXM.D         XXM.B     0.9955
First Asset Morningstar International
Value Index ETF                                   1.35%        0.60%         VXM.A           VXM     0.9984
                                                  1.35%        0.60%         VXM.D         VXM.B     1.0011
First Asset Morningstar International
Momentum Index ETF                                1.35%        0.60%         ZXM.A           ZXM     0.9982
                                                  1.35%        0.60%         ZXM.D         ZXM.B     0.9994
First Asset Morningstar National
Bank Quebec Index ETF                             1.25%        0.50%         QXM.A           QXM     0.9972
First Asset MSCI Canada Low
Risk Weighted ETF                                 1.35%        0.60%         RWC.A           RWC     0.9999
First Asset MSCI USA Low Risk
Weighted ETF                                      1.35%        0.60%         RWU.A           RWU     1.0033
                                                  1.35%        0.60%         RWU.D         RWU.B     0.9999
First Asset MSCI Europe Low
Risk Weighted ETF                                 1.35%        0.60%         RWE.A           RWE     0.9970
                                                  1.35%        0.60%         RWE.D         RWE.B     0.9986
First Asset MSCI World Low
Risk Weighted ETF                                 1.35%        0.60%         RWW.A           RWW     0.9967
                                                  1.35%        0.60%         RWW.D         RWW.B     1.0012
First Asset Active Credit ETF                     1.35%        0.85%         FAO.A           FAO     1.0045
                                                  1.35%        0.85%         FAO.V         FAO.U     1.0035
First Asset Core Canadian Equity ETF              0.90%        0.15%         CED.A           CED     1.0000
First Asset Core U.S. Equity ETF                  0.90%        0.15%         CES.A           CES     0.9995
                                                  0.90%        0.15%         CES.D         CES.B     1.0008

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