Toronto-based First Asset Investment Management Inc. has announced that it will terminate First Asset Can-Energy Covered Call ETF on or about Feb. 15, 2018.
The Toronto Stock Exchange (TSX) is expected to delist the ETF on Feb. 14, 2018. Until then, the ETF's units will remain listed on the TSX.
The ETF's net assets will be liquidated and the proceeds distributed pro rata among holders of record on the termination date.
First Asset predicts the final payment of the termination proceeds will be made on or about Feb. 20, 2018.