CI to terminate two ETFs
CI Investments announced Sept. 13 that it will terminate the CI First Asset Core Canadian Equity ETF (TSX: CED) and the CI First Asset Core U.S. Equity ETF (TSX: CES.B; and CES.U) on or about Nov. 29,
CI Investments will request that the TSX de-list units of each ETF from the Toronto Stock Exchange on or about Nov. 28, 2019. Until then, units of the ETFs will continue to be listed on the TSX.
The company says that as soon as practicable following the termination date, the net assets of each ETF will be liquidated and the proceeds distributed pro rata among holders of record of the ETFs.