First Asset Resource Fund Inc. Announces Final Redemption

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

TORONTO, Nov. 13, 2017 /CNW/ - First Asset Resource Fund Inc. (the "Fund") announces that all of the issued and outstanding Class A Shares, Series 1 (the "Shares") of the Fund will be redeemed by the Fund on or about January 22, 2018 (the "Redemption Date").

Redemption proceeds will be paid on or before January 25, 2018. Holders of the Shares (the "Shareholders") will receive payment of the net asset value per Share to be redeemed, plus all declared and unpaid dividends thereon.

First Asset will also send a notice directly to each Shareholder regarding the final redemption. Following this notice date, the Fund will begin liquidating its portfolio investments and may no longer be fully invested in accordance with the stated investment objective outlined in its Simplified Prospectus date June 16, 2017.

Shareholders may redeem or switch their Shares up to the close of business on the Redemption Date. First Asset will waive any applicable redemption fees, sales charges or short-term trading fees for redemptions of Shares. The Fund is now closed to new purchases by new and existing investors.

Shareholders are not required to take any action in connection with the final redemption. First Asset encourages all Shareholders to consult with their financial advisors to understand the financial and tax implications associated with redeeming their Shares and to discuss their investment options.

First Asset – Smart Solutions^TM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. Rooted in strong fundamentals, First Asset's smart solutions strive to deliver better risk-adjusted returns than the broad market, while helping investors achieve their personal financial goals.

This press release contains forward-looking statements and information within the meaning of applicable securities legislation. The forward-looking statements are not historical facts but reflect the current expectations of First Asset regarding future results or events and are based on information currently available to them as of the date of this press release. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. First Asset believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, First Asset can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Asset undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws.

^TMFirst Asset and its logo are trademarks of First Asset Capital Corp., a wholly-owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX".  ®CI FINANCIAL is a registered trademark of CI Investments Inc., used under license.

SOURCE First Asset