TORONTO, December 29, 2022 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) confirmed today the annual special cash distributions (“Special Cash Distributions”) for its suite of ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2022. Please note, this is an update to the estimated Special Cash Distributions previously announced on December 20, 2022.
ETFs are required to distribute any net income and capital gains earned in the year. The Special Cash Distributions will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan (“DRIP”), reinvested in additional units of the ETFs. Note, the amounts below do not include the regular cash distributions announced on December 20, 2022.
As noted and previously estimated, Hamilton ETFs confirmed that none of its ETFs will have an annual non-cash distribution for the 2022 tax year.
The record date for the Special Cash Distributions is December 30, 2022. The payment date for the Special Cash Distributions will be January 12, 2023. In early 2023, the tax characteristics of all distributions for 2022 for the ETFs will be reported to brokers via CDS.
|ETF Name||Ticker Symbol||Final Special Cash Distribution per Unit (1)||Final Annual Non-Cash Distribution per Unit|
|Hamilton Global Financials ETF||HFG||$1.24390||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|
|Hamilton Enhanced Utilities ETF||HUTS||nil||nil|
|Hamilton Financials Innovation ETF||HFT||nil||nil|
|Hamilton U.S. Mid/Small-Cap Financials ETF(2)||HUM||$0.47382||nil|
|Hamilton Australian Bank Equal-Weight Index ETF||HBA||$0.60091||nil|
- Distributions for all ETFs listed in the table are expected to be capital gains in nature.
- 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$0.34814 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]