Toronto-based First Asset Investment Management Inc. will terminate and liquidate two ETFs, the company announced Monday.
First Asset Cambridge Core U.S. Equity ETF and First Asset Cambridge Global Dividend ETF will be terminated on or about Dec. 3. They will be de-listed from the TSX on or about Nov. 30.
After the termination date, the funds’ net assets will be liquidated and the proceeds distributed pro rata among holders.
First Asset says it will issue an additional press release closer to the termination date with final details.