Exchange Bulletin

First Asset Core Balanced ETF (CBB) To Trade On Toronto Stock Exchange


February 9, 2015

First Asset Core Balanced ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of 75,000 common units (the “Common Units”) and 25,000 advisor class units (the “Advisor Class Units”) of the ETF (collectively, the “Units”), all of which will be issued and outstanding, upon the completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Monday, February 9, 2015 in anticipation of the offering closing prior to the opening of trading on Tuesday, February 10, 2015. The Units will be posted for trading at the opening on Tuesday, February 10, 2015 upon confirmation of the closing.

The ETF is authorized to issue an unlimited number of Units, each of which represents an undivided interest in the net assets of the ETF. Units of the ETF are being offered for sale on a continuous basis and there is no maximum number of Units of the ETF that may be issued.

Registration of interests in, and transfers of, Units of the ETF will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. (“CDS”). Units of the ETF must be purchased, transferred and surrendered for redemption only through a CDS Participant. Upon buying Units of the ETF, the owner will receive only the customary confirmation.

Additional information on the Units may be found in the final prospectus of the ETF dated January 12, 2015 (the “Prospectus”) which is available at www.SEDAR.com. Capitalized terms not otherwise defined below are as defined in the Prospectus.

 

Common Units

Stock Symbol: "CBB" CUSIP: 31864T 10 6 Trading Currency: CDN$

Advisor Class Units

Stock Symbol: "CBB.A" CUSIP: 31864T 20 5 Trading Currency: CDN$

 

Designated Market Maker: BMO Nesbitt Burns Inc.
Other Markets: None
Head Office Address: 95 Wellington Street West
Suite 1400
Toronto, Ontario
M5J 2N7
Email Address: info@firstasset.com
Website: www.firstasset.com
Head Office Telephone Number: (416) 642-1289
Fax Number: (416) 362-2199
Investor Relations: Z. Edward Akkawi
Tel:(416) 6640-4938
eakkawi@firstasset.com
Manager: First Asset Investment Management Inc.
Transfer Agent & Registrar: Computershare Trust Company of Canada at its principal office in Toronto.
Chief Financial Officer: Karen Wagman
Corporate Secretary: Z. Edward Akkawi
Fiscal Year End: December 31
Incorporation: The ETF is an open-ended mutual fund trust established on January 12, 2015 under the laws of the Province of Ontario by an amended and restated Declaration of Trust.
Nature of Business: The ETF’s investment objective is to seek to provide holders of its Units with a balance between (i) long term capital appreciation; and (ii) consistent income; while diversifying risk through investing the ETF’s portfolio to gain exposure to equity and fixed income securities of primarily Canadian issuers.
Common and Advisor Class Units: The only difference between Common Units and Advisor Class Units is the Management Fee payable by the ETF due to the service fee payable by the Manager in respect of the Advisor Class Units. Accordingly, the net asset value per Unit of each class will not be the same as a result of the fees allocable to each class of Units.
Conversion of Units: Unitholders may convert Units of any class of the First Asset ETF (the “Converting Units”) into whole Units of any other class of the First Asset ETF (the “Converted Units”) in any month. To do so, the Converting Units must be surrendered and the Unitholder’s CDS Participant must deliver to CDS (at its office in the City of Toronto) on behalf of the Unitholder a written notice of the Unitholder’s intention to convert during the period from the first day of a month until 5:00 p.m. (Toronto time) on the last business day prior to the 16th day of such month. Converting Units surrendered for conversion will be converted on the last Trading Day of that month (the “Monthly Conversion Date”). For a Unitholder’s Converting Units so converted, the Unitholder will receive a number of whole Converted Units equal to the net asset value per Converting Unit as of the Monthly Conversion Date, multiplied by the number of Converting Units so converted divided by the net asset value per Converted Unit as of the Monthly Conversion Date. As no fractional Units will be issued upon conversion, any remaining fraction of a Converting Unit will be redeemed at its net asset value.

Unitholders who desire to convert their Units should ensure that the CDS Participant is provided with notice of his or her intention to do so sufficiently in advance of the relevant notice period so as to permit the CDS Participant to deliver notice to CDS and so as to permit CDS to deliver notice to the Registrar and Transfer Agent in advance of the required time.
Distributions: Any cash distributions of income on Units of the ETF are expected to be made at least quarterly. As a result of the higher management fees on the Advisor Class Units, any such cash distributions on the Advisor Class Units are expected to be less than the distributions payable on the Common Units.
Issuance of Units: Pursuant to the Prospectus, 75,000 Common units and 25,000 Advisor Class Units of the ETF will be initially issued at a subscription price of $20.00 per Unit