TORONTO, December 6, 2021 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) announced today the estimated non-cash distributions for the 2021 tax year for holders of certain of its exchange traded funds (“ETFs”). Those ETFs managed by Hamilton ETFs that are not included in the table below are not expected to have non-cash distributions for the 2021 tax year.
Please note that these are estimates only. Circumstances may arise that could cause these estimates to change before the ETFs’ applicable tax year ends on December 15, 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 estimated amounts shown in the table below do not include any estimates of the regular monthly or quarterly cash distributions. Hamilton ETFs expects to announce the updated estimates of the Non-Cash Distributions, as well as regular monthly and quarterly cash distribution amounts, on or about December 22, 2021. The ex-dividend date for all of these distributions (cash and non-cash) 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 Distributions per Unit (1)
Annual Non-Cash as a % of NAV (1)
|Hamilton Global Financials ETF||HFG||$0.740||3.22%|
|Hamilton Financials Innovation ETF||HFT||$0.198||0.96%|
|Hamilton Australian Bank Equal-Weight Index ETF||HBA||$0.504||2.26%|
|Hamilton Canadian Bank Mean Reversion Index ETF||HCA||$1.840||7.61%|
|Hamilton Enhanced Canadian Bank ETF||HCAL||$2.324||9.46%|
- Calculated using the November 29, 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 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, 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.
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