First Asset consolidates ETF, mutual fund lineup

Criterion, XTF Capital names dropped

The following is from First Asset...

TORONTO, ONTARIO--(Marketwire - June 5, 2012) - First Asset announced today that it has consolidated the branding of its three product lines - exchange traded funds, mutual funds and closed-end funds - under the existing "First Asset" umbrella, which to date referred only to its closed-end fund division. Specifically, its mutual fund division, Criterion Mutual Funds, will now be called First Asset Mutual Funds and its ETF division, XTF Capital, will now be called First Asset Exchange Traded Funds.

The name changes reflect a growth story that has seen First Asset and its divisions grow over 400 per cent in three years - from $600 million in assets in 2009 to $2.6 billion in 2012.

"Consolidating the three investment product lines under the First Asset brand makes it simpler for investment advisors and their clients and more accurately expresses the depth of investment offerings of the company," said Barry Gordon, President and CEO of First Asset. "The resources of the entire organization are brought to bear with each investment product in order to achieve a common goal - better risk-adjusted returns for investors."

A new website (www.firstasset.com) launches today to provide better access to timely information in one central location.

TABLE OF NEW FUND NAMES

In connection with the names changes, certain funds have been renamed effective June 4, 2012, as set out in the table below. The name changes do not affect the tickers for those funds that are listed. In either case, Unitholders are not required to take any action in relation to the name changes.

FIRST ASSET ETFs
Old Fund Name   New Fund Name   Tickers
Can-60 Covered Call ETF   First Asset Can-60 Covered Call ETF   LXF; LXF.A
Can-Financials Covered Call ETF   First Asset Can-Financials Covered Call ETF   FXF; FXF.A
Can-Energy Covered Call ETF   First Asset Can-Energy Covered Call ETF   OXF; OXF.A
Can-Materials Covered Call ETF   First Asset Can-Materials Covered Call ETF   MXF; MXF.A
Canadian Convertible Liquid Universe ETF   First Asset Canadian Convertible Bond ETF   CXF; CXF.A
Tech Giants Covered Call ETF   First Asset Tech Giants Covered Call ETF   TXF; TXF.A
XTF Morningstar Canada Dividend Target 30 Index ETF   First Asset Morningstar Canada Dividend Target 30 Index ETF   DXM; DXM.A
XTF Morningstar US Dividend Target 50 Index ETF   First Asset Morningstar US Dividend Target 50 Index ETF   UXM; UXM.A
XTF Morningstar National Bank Quebec Index ETF   First Asset Morningstar National Bank Quebec Index ETF   QXM; QXM.A
XTF Morningstar Canada Momentum Index ETF   First Asset Morningstar Canada Momentum Index ETF   WXM; WXM.A
XTF Morningstar Canada Value Index ETF   First Asset Morningstar Canada Value Index ETF   FXM; FXM.A
XTF Morningstar Canada Liquid Bond Index ETF   First Asset Morningstar Canada Liquid Bond Index ETF   Available soon
XTF Morningstar Emerging Markets Composite Bond Index ETF   First Asset Morningstar Emerging Markets Composite Bond Index ETF   Available soon
 
 
FIRST ASSET MUTUAL FUNDS
Old Fund Name   New Fund Name   Tickers
Criterion Global Dividend Fund   First Asset Global Dividend Fund   n/a
Canadian Convertible Bond Fund   First Asset Canadian Convertible Bond Fund   n/a
Criterion REIT Income Fund   First Asset REIT Income Fund   n/a
Criterion Utility Plus Fund   First Asset Utility Plus Fund   n/a
Criterion Diversified Commodities Currency Hedged Fund   First Asset Diversified Commodities Currency Hedged Fund   n/a
TDK Resource Fund Inc.   First Asset Resource Fund Inc.   n/a
Canadian Convertible Debenture Fund   First Asset Canadian Convertible Debenture Fund   n/a
Canadian Energy Convertible Debenture Fund   First Asset Canadian Energy Convertible Debenture Fund   n/a

The following First Asset funds are not affected by the above name changes.
 
 
Existing Fund Names Tickers
First Asset Diversified Convertible Debenture Fund DCD.UN
Canadian Advantaged Convertibles Fund ADC.UN
North American Advantaged Convertibles Fund NCD.UN
First Asset Pipes & Power Income Fund EWP.UN
Preferred Share Investment Trust PSF.UN
CanBanc Income Corp. CIC
Can-60 Income Corp. CSY
Can-Financials Income Corp. FIC
First Asset REIT Income Fund RIT.UN
Canadian REIT Income Fund RIU.UN
First Asset Yield Opportunity Trust FAY.UN
First Asset Energy & Resource Fund TRF.UN
Utility Split Trust UST.UN and UST.PR.B
First Asset CanBanc Split Corp. CBU and CBU.PR.A
First Asset Canadian Dividend Opportunity Fund n/a
First Asset Canadian Dividend Opportunity Fund II DVF.UN
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