First Asset Global Infrastructure Fund
TSX : FAI.UN

First Asset Global Infrastructure Fund
First Asset

First Asset

December 17, 2009 12:23 ET

First Asset Global Infrastructure Fund Announces Results of Unitholder Meeting and Merger Time Line

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2009) - First Asset Global Infrastructure Fund (TSX:FAI.UN) ("Global Infrastructure Fund") announces that Unitholders have approved the merger of Global Infrastructure Fund into Criterion Water Infrastructure Fund ("Water Infrastructure Fund"). 

The units of Global Infrastructure Fund will be delisted as at the close of business on December 21, 2009 in order to facilitate the merger which is currently scheduled to occur on Wednesday, December 30, 2009. Assuming receipt of all required approvals, on that date, units of Global Infrastructure Fund will be exchanged for Class D units of Water Infrastructure Fund at an exchange ratio calculated based on the relative net asset value of each fund as at the close of business on Tuesday, December 29, 2009.

The former unitholders of Global Infrastructure Fund will not be required to take any action in order to be recognized as unitholders of Water Infrastructure Fund following the merger.

No distributions will be declared by Global Infrastructure Fund in advance of the merger. Former unitholders of Global Infrastructure Fund will receive any distributions declared by Water Infrastructure Fund in respect of the period-ending December 31, 2009. 

Contact Information

  • First Asset Global Infrastructure Fund
    Investor Relations
    (416) 642-1289 or (877) 642-1289
    www.firstasset.com