TORONTO, October 25, 2023 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the launch of the Hamilton U.S. Equity Yield Maximizer ETF (“SMAX”) and Hamilton Technology Yield Maximizer ETF (“QMAX”), the latest additions to Hamilton ETFs’ popular yield maximizer suite of ETFs[1]. SMAX seeks to deliver attractive monthly income, while providing exposure to a portfolio of primarily large-cap U.S. equity securities; QMAX seeks to deliver attractive monthly income, while providing exposure to a portfolio of primarily large-cap U.S. technology equity securities. To reduce volatility and augment dividend income, SMAX and QMAX will each employ an active covered call strategy.
SMAX and QMAX have each closed the offering of their respective initial Class E units. Units of both ETFs will begin trading on Thursday, October 26, 2023 on the Toronto Stock Exchange (“TSX”) under the ticker symbols “SMAX” and “QMAX”, respectively.
“We are excited to launch the newest additions to our suite of yield maximizer ETFs, which continue to grow in popularity as investors seek higher tax efficient income for their portfolios. With initial target yields of 12% and 13% respectively, SMAX and QMAX are natural extensions to our income first suite of covered call ETFs, providing investors with higher monthly income via exposure to the largest sector leaders and technology companies in the U.S.”, said Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.
For more information on SMAX and QMAX, and the rest of Hamilton ETFs’ innovative suite of ETFs, please visit www.hamiltonetfs.com.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
With over $2.7 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing ETF providers, offering a suite of innovative exchange traded funds (ETFs) designed to maximize income and growth from trusted sectors in Canada and beyond. The firm is also an active commentator on the global financial services sector and Canadian banks; and 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 contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by 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]
[1] Other ETFs in Hamilton ETFs’ yield maximizer line-up include HMAX (the Hamilton Canadian Financials Yield Maximizer ETF), UMAX (the Hamilton Utilities Yield Maximizer ETF) and HBND (the Hamilton U.S. Bond Yield Maximizer ETF), all listed on the TSX.