TORONTO, Nov. 27, 2020 /CNW/ - Dynamic Funds today
announced that the Dynamic Active International Dividend ETF (DXW)
and Dynamic Active Global Infrastructure ETF (DXN) listed on the
TSX do not expect to pay year-end reinvested distributions for the
2020 tax year based on estimates as of October 30, 2020. Please note that the estimates
have been calculated based upon forward-looking information and
accordingly, the actual distributions may differ materially from
these estimates.
We expect to announce updated estimates of the year-end
reinvested distribution amounts, if any, (as well as any monthly
and/or any quarterly cash distribution amounts, as applicable) on
or about December 22, 2020. The
record date for the 2020 final year-end distributions will be
December 31, 2020, payable on
January 6, 2021.
The actual taxable amounts of reinvested distributions, if any,
and cash distributions for 2020, including the tax characteristics
of the distributions, will be reported to CDS Clearing and
Depository Services Inc. in early 2021. Securityholders can reach
out to their brokerage firm for this information.
Forward-looking information
This notice
contains forward-looking statements with respect to the year-end
reinvested distributions for the Dynamic Active ETFs. By their
nature, these forward-looking statements involve risks and
uncertainties that could cause the actual distributions to differ
materially from the estimated distributions set forth in this
notice. Factors that could cause the actual distributions to differ
from the estimated distributions between now and the Dynamic Active
ETFs' tax year end include, but are not limited to, the actual
amounts of distributions received by the Dynamic ETFs; trading
activity within the Dynamic Active ETFs, including buying and
selling of securities; and subscription and redemption
activity.
For more information about these and the other Dynamic Active
ETFs, please visit Dynamic.ca/ETF.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETFs). Please read the
prospectus before investing. The securities held by the ETFs can
change at any time without notice. Investments in ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated.
About Dynamic Funds
Dynamic Funds is a division of
1832 Asset Management L.P., which offers a range of wealth
management solutions, including mutual funds, actively managed
ETFs, investment solutions for private clients, institutional
clients and managed asset programs. 1832 Asset Management L.P. is a
limited partnership, the general partner of which is wholly owned
by Scotiabank. ® Dynamic Funds is a registered trademark
of its owner, used under license.
Website:
www.dynamic.ca |Twitter:@DynamicFunds |
LinkedIn:
https://www.linkedin.com/company/dynamic-funds/
SOURCE Dynamic Funds