First Asset Investment Management announced Dec. 6 that it will terminate First Asset Can-Energy Covered Call ETF (TSX:OXF) on or about Feb. 15, 2018.   

The ETF manager will request the de-listing of the fund’s units from the Toronto Stock Exchange on or about Feb. 14, 2018, stated First Asset in a press release.  

Net assets will be liquidated

First Asset says the “net assets of the Fund will be liquidated and the proceeds therefrom distributed pro rata among holders of record of the fund on the termination date. It is expected that final payment of the termination proceeds will be made on or about February 20, 2018.”

The company says it will be issuing an additional press release to confirm final details of the termination and final distribution.