Toronto-based First Asset Investment Management Inc. has announced that all of the issued and outstanding units of First Asset Canadian Energy Convertible Debenture Fund will be redeemed on or about August 27.
As of August 29, the fund will give unitholders their proportionate share of all property and assets of the fund through the final redemption.
The fund is now closed to new purchases by new and existing investors.
More than 180 new ETFs have made their trading debut on Canadian exchanges so far in 2024
The products gathered $9.2B in November alone
This year, 71% of new ETF launches have been actively managed, according to Bloomberg Intelligence
Plus, T. Rowe Price launches target-date portfolio series in Canada
2025 board members named for key OSC committee, FID, while IFBC’s Susan Allemang retires after 20 years
Panel orders more than US$50M in disgorgement, plus $5M in penalties and costs
A look at the status of selected tax proposals from the Trudeau government
The Dynamic Precious Metals Fund has outperformed its category and index over one, three, five and 10-year periods