TORONTO, Dec. 19, 2016 /CNW/ – Hamilton Capital Partners Inc. (“Hamilton Capital“) is pleased to announce a distribution for the Hamilton Capital Global Bank ETF (ticker “HBG“), which trades on the Toronto Stock Exchange, for the period ended December 31, 2016.
The ex-dividend date for the distribution is anticipated to be December 28, 2016, for all unitholders of record on December 30, 2016. The distribution will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of HBG, on or about January 12, 2017.
|ETF Name||Ticker Symbol||Distribution per Unit||Annualized Yield *||Frequency|
|Hamilton Capital Global Bank ETF||HBG||$0.11500||2.28%||Quarterly|
Distributions will vary from period to period.
Hamilton Capital also announces today the estimated non-cash capital gains to be distributed to HBG unitholders for the 2016 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 HBG. The ex-dividend date for this distribution is anticipated to be December 28, 2016, for all unitholders of record on December 30, 2016. In early 2017, the tax characteristics of all 2016 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*||Frequency|
|Hamilton Capital Global Bank ETF||HBG||$0.20201||1.00%||Annual|
* Calculated using the December 16, 2016 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, Managing Director, Business Development, 416-941-9250, [email protected]
SOURCE Hamilton Capital Partners Inc.