First Asset Active Credit Fund completes merger with First Asset Active Credit ETF

First Asset Investment Management Inc has completed the merger of First Active Credit Fund (formerly, First Asset Yield Opportunity Trust) with First Asset Active Credit ETF.

The First Asset ETF has now commenced on the Toronto Stock Exchange later today under the ticker symbols FAO and FAO.U.

Each issued and outstanding Series A Unit of the Fund received 1.10586  Common Units of the ETF (TSX: FAO); and each issued and outstanding Series B Unit of the Fund received 0.41337 USD Common Units of the ETF (TSX: FAO.U).