First Asset Health Care Giants Covered Call ETF (has closed the initial offering of its units, which began trading on the and the Toronto Stock Exchange under the ticker symbols FHI for hedged units and FHI.B for unhedged units.

The ETF’s investment objectives are to provide unitholders: regular cash distributions;
the opportunity for capital appreciation by investing on an equal weight basis in an actively managed portfolio of securities of the 20 health care companies with the largest market capitalization listed on a North American stock exchange, and
lower overall volatility of returns than would be experienced by owning a portfolio of securities of such issuers directly, by employing a covered call option writing program.

Separately, the company announced that First Asset U.S. Equity Multi-Factor Index ETF and First Asset Canadian Dividend Low Volatility Index ETF were terminated on June 11. Units of the fund were delisted from The Toronto Stock Exchange on June 8.

At the time of the termination, each fund’s final net asset value will be distributed on a pro rata basis among the fund’s holders. All payments will be made to holders on or about June 13.

The Final NAV per unit of each fund will be $22.7839 for First Asset U.S Equity Multi-Factor Index ETF and $19.7219 for First Asset Canadian Dividend Low Volatility Index ETF.

Additionally, First Asset Global Dividend Fund has announced its final valuation. All of the issued and outstanding units of the fund were redeemed June 8.

On or about June 12, the fund will give unitholders their proportionate share of all property and assets of the fund available for distribution through the final redemption.

The final net asset value per unit to be paid to unitholders is set out in the fund’s news release.