TORONTO, December 20, 2022 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the regular cash and an update to its estimated annual special cash distributions for its suite of ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2022.

 

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Regular cash distributions

The ex-dividend date for these distributions is anticipated to be December 29, 2022, for all unitholders of record on December 30, 2022. 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 12, 2023.

ETF Name Ticker Symbol Regular Cash Distribution per Unit Annualized Yield(1)   Frequency
Hamilton Global Financials ETF HFG $0.0700 4.18% Monthly
Hamilton Canadian Bank Mean Reversion Index ETF HCA $0.0960 5.63% Monthly
Hamilton Enhanced Canadian Bank ETF HCAL $0.1270 7.77% Monthly
Hamilton Enhanced Canadian Financials ETF HFIN $0.0750 7.09% Monthly
Hamilton Enhanced Multi-Sector Covered Call ETF HDIV $0.1250 9.82% Monthly
Hamilton Enhanced U.S Covered Call ETF HYLD $0.1400 14.28% Monthly
HYLD.U $0.1400 14.11% Monthly
Hamilton Enhanced Utilities ETF HUTS $0.0790 6.95% Monthly
Hamilton Financials Innovation ETF HFT $0.0150 0.44% Quarterly
Hamilton U.S. Mid/Small-Cap Financials ETF(2) HUM $0.1000 1.63% Quarterly
Hamilton Australian Bank Equal-Weight Index ETF HBA $0.3100 5.51% Quarterly
  1. Calculated using the December 19, 2022 net asset value per unit for each ETF, which are available at hamiltonetfs.com.
  2. 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$0.0732 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.

Updated Estimated Special Cash Distributions

Hamilton ETFs also announces today an update to its estimated special cash distributions to be paid to ETF unitholders for the 2022 tax year (see table below). Please note this is an update to the estimated special cash distributions previously announced on December 6, 2022.

ETFs are required to distribute any net income and capital gains earned in the year. The distributions labeled as “Estimated Special Cash Distributions per Unit” in the table below (“Special Cash Distributions”) will be paid in cash, or if the unitholder has enrolled in the DRIP, reinvested in additional units of the ETFs, on or about January 12, 2023.  The Special Cash Distribution rates in the table below are presented on an estimated basis. A press release confirming the final special cash distributions will be disseminated on or about the record date of the distributions.

The ETFs are not expected to announce any annual non-cash distributions (“Non-Cash Distributions”) for the 2022 tax year, based on current estimated distributions, as presented in the below table.  The final annual non-cash distributions, if there are any, 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 the special cash distributions and any potential annual non-cash distributions is anticipated to be December 29, 2022, for all unitholders of record on December 30, 2022. In early 2023, the tax characteristics of all 2022 distributions will be reported to brokers via CDS.

ETF Name Ticker Symbol Estimated

Special Cash Distribution per Unit (1)

Estimated Annual Non-Cash Distribution per Unit
Hamilton Global Financials ETF HFG $1.244 nil
Hamilton Canadian Bank Mean Reversion Index ETF HCA nil nil
Hamilton Enhanced Canadian Bank ETF HCAL nil nil
Hamilton Enhanced Canadian Financials ETF HFIN nil nil
Hamilton Enhanced Multi-Sector Covered Call ETF HDIV nil nil
Hamilton Enhanced U.S Covered Call ETF HYLD nil nil
HYLD.U nil nil
Hamilton Enhanced Utilities ETF HUTS nil nil
Hamilton Financials Innovation ETF HFT nil nil
Hamilton U.S. Mid/Small-Cap Financials ETF(2) HUM $0.458 nil
Hamilton Australian Bank Equal-Weight Index ETF HBA $0.601 nil
  1. Distributions for all ETFs listed in the table are expected to be capital gains in nature.
  2. 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$0.3354 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.

 

About Hamilton Capital Partners Inc. (Hamilton ETFs)

Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $1.8 billion in assets under management, the firm offers a suite of exchange traded funds including both rules-based and actively managed 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, 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, Senior Partner, Head of Business Development, (416) 941-9250, [email protected]

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