TORONTO, Dec. 22, 2020 /CNW/ - Dynamic Funds today
announced the estimated year-end cash distributions for the Dynamic
Active ETFs listed on the TSX for the 2020 tax year. Please note
that these are estimated amounts only and have been calculated
based upon forward-looking information as of December 11, 2020. As these are estimated
amounts, the final distributions may change.
We expect to announce the final year-end cash distribution
amounts on or about December 30,
2020. The record date for the 2020 year-end distributions
will be December 31, 2020, payable on
January 6, 2021.
The actual taxable amounts of 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 contact their brokerage firm for this
information.
The estimated cash distribution amounts per unit are:
Dynamic Active ETF
name
|
Ticker
symbol
(TSX)
|
Estimated
cash
distribution per unit ($)
|
Dynamic Active
International Dividend ETF
|
DXW
|
0.000
|
Dynamic Active Global
Infrastructure ETF
|
DXN
|
0.017
|
Forward-looking information
Generally, the
cash distribution per unit is expected to increase if the net units
outstanding of a Dynamic Active ETF decrease between December 14, 2020 and December 29, 2020. This notice contains
forward-looking statements with respect to the year-end cash
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 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 Active 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