TORONTO, December 21, 2021 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the regular cash and an update to its estimated annual non-cash distributions for its suite of ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2021.
Regular cash distributions
The ex-dividend date for these distributions is anticipated to be December 30, 2021, for all unitholders of record on December 31, 2021. 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 13, 2022.
|ETF Name||Ticker Symbol||Regular Cash Distribution per Unit||Annualized Yield (1)||Frequency|
|Hamilton Global Financials ETF||HFG||$0.2000||3.54%||Quarterly|
|Hamilton Financials Innovation ETF||HFT||$0.0150||0.30%||Quarterly|
|Hamilton U.S. Mid/Small-Cap Financials ETF(2)||HUM||$0.1000||1.46%||Quarterly|
|Hamilton Australian Bank Equal-Weight Index ETF||HBA||$0.3000||5.20%||Quarterly|
|Hamilton Canadian Bank Mean Reversion Index ETF||HCA||$0.0900||4.42%||Monthly|
|Hamilton Enhanced Canadian Bank ETF||HCAL||$0.1150||5.54%||Monthly|
|Hamilton Enhanced Multi-Sector Covered Call ETF||HDIV||$0.1175||8.41%||Monthly|
- Calculated using the December 20, 2021 net asset value per unit for each ETF, which are available at hamiltonetfs.com.
- Distributions for Hamilton U.S. Mid/Small-Cap Financials ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HUM. The approximate U.S. dollar equivalent distribution rate for HUM.U is US$0.0773 per unit. For unitholders who hold the U.S. dollar traded HUM.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.
Distributions will vary from period to period.
2021 non-cash distributions
Hamilton ETFs also announces today an update to its estimated non-cash distributions to be paid to ETF unitholders for the 2021 tax year (see table below). Please note this is an update to the estimated non-cash distributions previously announced on December 6, 2021.
ETFs are required to distribute any net income and capital gains earned in the year. The distributions labeled as “Estimated Annual Non-Cash Distributions per Unit” in the table below (“Non-Cash Distributions”) will not be paid in cash but will be automatically reinvested in additional units of the respective ETFs and immediately consolidated so that the number of units held by the unitholder and the net asset value of the ETFs will not change. The Non-Cash distributions will be reported as taxable distributions and will be used to increase each unitholder’s adjusted cost base for the respective ETF. The annual Non-Cash Distribution rates in the table below are presented on an estimated basis. A press release confirming the final non-cash distributions will be disseminated on or about the record date of the distributions.
The ex-dividend date for the non-cash distributions is anticipated to be December 30, 2021, for all unitholders of record on December 31, 2021. In early 2022, the tax characteristics of all 2021 distributions will be reported to brokers via CDS.
|ETF Name||Ticker Symbol||Estimated Annual Non-Cash Distribution per Unit||Estimated Non-Cash Distribution as % of NAV(3)|
|Hamilton Global Financials ETF||HFG||$0.77656||3.39%|
|Hamilton Financials Innovation ETF||HFT||$0.18543||0.91%|
|Hamilton U.S. Mid/Small-Cap Financials ETF||HUM||Nil||–|
|Hamilton Australian Bank Equal-Weight Index ETF||HBA||$0.50735||2.18%|
|Hamilton Canadian Bank Mean Reversion Index ETF||HCA||$1.81597||7.38%|
|Hamilton Enhanced Canadian Bank ETF||HCAL||$2.28411||9.09%|
|Hamilton Enhanced Multi-Sector Covered Call ETF||HDIV||$0.06784||0.40%|
- Calculated using the December 17, 2021 net asset value per unit for each ETF, which are available at hamiltonetfs.com.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $1 billion in asset under management, the firm offers seven exchange traded funds including both rules-based and active mandates. Hamilton ETFs is also an active commentator on the global financial services sector; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements may constitute a forward-looking statement, including those identified by the expression “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.
For investor inquiries: Contact Hamilton ETFs at (416) 941-9888, [email protected]
For media inquiries: Contact Patrick Sommerville, Partner, Head of Business Development, (416) 941-9250, [email protected]