/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES OF AMERICA./
TORONTO, Dec. 18, 2015 /CNW/ - First Asset announces the
following estimated regular distributions ("Estimated Regular
Distributions") and estimated special distributions (if any)
("Estimated Special Distributions") for the year ending
December 31, 2015. The final
distribution amounts will be confirmed and announced shortly after
the year-end and, prior to payment, once each Fund's year-end tax
position is finalized.
Estimated Regular Distributions
The following Estimated Regular Distributions will be paid in
cash on or before January 15, 2016,
to holders of record on December 31,
2015.
|
Name
|
TSX
Symbol
|
Estimated
Regular
Distribution (per
unit)
|
|
Utility Split Trust –
Capital Units
|
UST.UN
|
$0.05
|
|
Utility Split Trust –
Preferred Shares
|
UST.PR.B
|
$0.13125
|
|
Triax Diversified
High-Yield Trust
|
TRH.UN
|
$0.07
|
|
First Asset
Diversified Convertible Debenture Fund
|
DCD.UN
|
$0.30
|
|
Preferred Share
Investment Trust
|
PSF.UN
|
$0.15
|
|
First Asset CanBanc
Split Corp. – Preferred Shares
|
CBU.PR.A
|
$0.1625
|
|
Canadian Advantaged
Convertibles Fund
|
ADC.UN
|
$0.15
|
|
Can-Financials Income
Corp.
|
FIC
|
$0.15
|
|
North American
Advantaged Convertibles Fund
|
NCD.UN
|
$0.125
|
|
CanBanc 8 Income
Corp.
|
CBF
|
$0.15
|
|
First Asset
Morningstar U.S. Consumer Defensive Index Fund
|
UCD.UN
|
$0.0612
|
Estimated Special Distributions
For the Fund listed below, the Estimated Special Distribution
will be paid on or before January 15,
2016, to holders of record on December 31, 2015. The Estimated Special
Distribution will be paid by the issuance of units of the Fund, and
immediately thereafter, the issued and outstanding capital of the
Fund will be consolidated such that the number of issued and
outstanding units of the Fund does not change.
|
Name
|
TSX
Symbol
|
Estimated
Special
Distribution (per
unit)
|
|
JFT Strategies Fund –
Class A
|
JFS.UN
|
$0.89
|
|
JFT Strategies Fund –
Class F
|
n/a
|
$1.09
|
For the Fund listed below, the Estimated Special Distribution
will be paid in cash on December 31,
2015, to the Class A Shareholders of record on December 31, 2015 and, as a result, the net asset
value per unit of the Fund will decrease by an amount equal to the
Special Distribution.
|
Name
|
TSX
Symbol
|
Estimated
Special
Distribution (per
unit)
|
|
First Asset CanBanc
Split Corp. – Class A Shares
|
CBU
|
$0.16
|
The actual taxable amounts of all distributions for 2015,
including the tax characteristics of the distributions, will be
reported to brokers (through CDS Clearing and Depository Services
Inc. or "CDS") in early 2016.
First Asset – Smart Solutions®
First Asset is an investment firm focused on providing smart,
low cost solutions that address the real-world investment needs of
Canadians - capital appreciation, income generation and risk
mitigation. 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.
This communication is intended for informational purposes only.
Commissions, management fees and expenses all may be associated
with investments funds. Please read the prospectus before
investing. The funds are not guaranteed, their values change
frequently and past performance may not be repeated.
SOURCE First Asset