First Asset Canadian Dividend Opportunity Fund has completed its previously announced conversion to an open-end mutual fund.
The fund’s investment objectives are the same as those prior to the conversion, in particular, to provide investors with monthly distributions; and the opportunity for capital appreciation, by investing in an actively managed portfolio comprised primarily of high-quality dividend paying equity securities of Canadian utility issuers, pipeline issuers and telecommunications issuers and select higher yielding equity securities.
The fund is now also offering Class A and Class F units for sale. Class A units are available with the following sales charge options: initial sales charge; low load and deferred sales charge. Class F untis are for fee-based accounts.