TORONTO, Dec. 19, 2017 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital”) is pleased to announce the distributions for its ETFs, the Hamilton Capital Global Bank ETF (ticker “HBG”), the Hamilton Capital Global Financials Yield ETF (ticker “HFY”) and the Hamilton Capital U.S. Mid-Cap Financials ETF (USD) (ticker “HFMU.U”), all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2017.
The ex-dividend date for the distributions is anticipated to be December 28, 2017, for all unitholders of record on December 29, 2017. The distributions will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETF, on or about January 11, 2018.
|ETF Name||Ticker Symbol||Cash Distribution per Unit||Annualized Yield(1)||Frequency|
|Hamilton Capital Global Bank ETF(2)||HBG||$0.14000||2.52%||Quarterly|
|Hamilton Capital Global Financials Yield ETF(2)||HFY||$0.19500||4.66%||Quarterly|
|Hamilton Capital U.S. Mid-Cap Financials ETF (USD)(3)||HFMU.U||US$0.05016||1.13%||Quarterly|
1. Calculated using the December 15, 2017 net asset value per unit, which is available at www.hamilton-capital.com.
2. Distributions for Hamilton Capital Global Bank ETF and Hamilton Capital Global Financials Yield ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded tickers HBG.U and HFY.U, respectively. The approximate U.S. dollar equivalent distribution rate for HBG.U is US$0.10879 per unit and HFY.U is US$0.15153 per unit. For unitholders who hold the U.S. dollar traded HBG.U and HFY.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.
3. Distributions for Hamilton Capital U.S. Mid-Cap Financials ETF (USD) are declared and paid in U.S. dollars.
Distributions will vary from period to period.
Hamilton Capital also announces today the estimated non-cash capital gains to be distributed to ETF unitholders for the 2017 tax year (see table below). ETFs are required to distribute any net income and capital gains earned in the year. The final annual capital gains distributions will not be paid in cash but will be reinvested and reported as taxable distributions, and will be used to increase each unitholder’s adjusted cost base for the respective ETF. The ex-dividend date for this distribution is anticipated to be December 28, 2017, for all unitholders of record on December 29, 2017. In early 2018, the tax characteristics of all 2017 distributions will be reported to brokers via CDS.
|ETF Name||Ticker Symbol||Estimated Annual Capital Gain per Unit||Estimated Capital Gains as a % of NAV(4)||Frequency|
|Hamilton Capital Global Bank ETF||HBG||$0.46824||2.11%||Annual|
|Hamilton Capital Global Financials Yield ETF||HFY||nil||–||Annual|
|Hamilton Capital U.S. Mid-Cap Financials ETF (USD)||HFMU.U||nil||–||Annual|
4. Calculated using the December 15, 2017 net asset value per unit, which is available at www.hamilton-capital.com.
About Hamilton Capital Partners Inc. (www.hamilton-capital.com)
Hamilton Capital is an investment manager headquartered in Toronto. Specializing in global financial services, its team of professionals has 50 years of experience. The firm employs a specialized investment process, augmented by proprietary research, analysis, and analytical tools to manage its portfolio of investment products. Hamilton Capital is an active commentator on the global financial services sector. The firm’s most recent Insights can be found at www.hamilton-capital.com.
For further information: Patrick Sommerville, Partner, Managing Director of Business Development, 416-941-9250, [email protected], or Daniel Carthew, Manager, Business Development, 416-941-9681, [email protected].
SOURCE Hamilton Capital Partners Inc.