First Asset US & Canada LifeCo Income Fund has filed a final prospectus with Canadian securities regulatory authorities for its conversion into an exchange-traded fund (ETF).
The fund will automatically convert into an ETF on 3 September.
The fund’s name will change to “First Asset US & Canada Lifeco Income ETF”. The ticker symbol will change from ULC.UN to FLI.
A new class of advisor units of the ETF will be created. The Toronto Stock Exchange (TSX) has conditionally approved the listing of the advisor units under the symbol FLI.A, subject to the fulfilment of the TSX requirements.