First Asset



First Asset
First Asset Canadian Dividend Opportunity Fund II

TSX : DVF.UN


First Asset Canadian Dividend Opportunity Fund II

March 06, 2014 13:29 ET

First Asset Canadian Dividend Opportunity Fund II Announces Completion of Conversion

TORONTO, ONTARIO--(Marketwired - March 6, 2014) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

First Asset Canadian Dividend Opportunity Fund II (TSX:DVF.UN) (the "Fund") announces that it has completed its conversion into a mutual fund (the "Conversion").

The Fund's investment objectives remain the same as those prior to the Conversion, other than such changes required in order to comply with applicable rules governing mutual funds. In particular, the Fund will no longer be permitted to utilize leverage to pursue its investment objectives.

Units of the Fund are redeemable daily on demand at net asset value. Units that are redeemed will receive an amount equal to the net asset value per unit, less a redemption fee payable to the manager from the amount otherwise receivable by the redeeming holder determined according to the following schedule:

  • Until February 28, 2015, a redemption fee of $0.20 per unit;
  • Until February 29, 2016, a redemption fee of $0.15 per unit;
  • Until February 28, 2017, a redemption fee of $0.10 per unit; and
  • Effective March 1, 2017, no redemption fee.

The record date for the Fund's monthly distribution after the Conversion has changed from the last business day of each month to the second last business day of each month to reflect industry practice.

If you have any questions concerning this matter, please contact your financial advisor or call us at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.

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