TORONTO, December 20, 2018 – Hamilton Capital Partners Inc. (“Hamilton Capital”) is pleased to announce the cash distributions for its suite of financial services ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2018.
The ex-dividend date for these distributions is anticipated to be December 28, 2018, for all unitholders of record on December 31, 2018. 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, 2019.
The Hamilton Capital Australian Financials Yield ETF (ticker “HFA”), which began trading on December 17, 2018, will not pay a distribution for the period ended December 31, 2018, owing to the shortened period. Instead, HFA, which pays monthly distributions, is expected to pay its first cash distribution for the period ended January 31, 2019.
|ETF Name||Ticker Symbol||Cash Distribution per Unit||Annualized Yield (1)||Frequency|
|Hamilton Capital Global Bank ETF(2)||HBG||$0.065||1.41%||Quarterly|
|Hamilton Capital Global Financials Yield ETF(2)||HFY||$0.170||4.76%||Quarterly|
|Hamilton Capital U.S. Mid-Cap Financials ETF (USD)(3)||HFMU.U||US$0.015||0.44%||Quarterly|
|Hamilton Capital Canadian Bank Variable-Weight ETF(4)||HCB||$0.042||3.60%||Monthly|
- Calculated using the December 17, 2018 net asset value per unit, which is available at hamilton-capital.com.
- 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$0.0485 per unit and HFY.U is US$0.1268 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.
- Distributions for Hamilton Capital U.S. Mid-Cap Financials ETF (USD) are declared and paid in U.S. dollars. The approximate Canadian. dollar equivalent distribution rate for HFMU is $0.0201 per unit. For unitholders who hold the Canadian. dollar traded HFMU, distribution payments will typically be converted to Canadian dollars by the unitholder’s account holder.
- Monthly distributions for Q4 2018 for Hamilton Capital Canadian Bank Variable-Weight ETF were previously declared on October 16, 2018.
Distributions will vary from period to period.
Hamilton Capital also announces none of its five ETFs will have a non-cash capital gain to be distributed to ETF unitholders for the 2018 tax year.
About Hamilton Capital Partners Inc.
Hamilton Capital is an investment manager headquartered in Toronto. Specializing in global financial services, its team of professionals has over 60 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, Business Development, 416-941-9250, [email protected], or Daniel Carthew, Associate Director, Business Development, 416-941-9681, [email protected].