TORONTO, Dec. 23, 2019 /CNW/ - Evolve Funds Group
Inc. ("Evolve") announces the estimated special year end non-cash
notional, reinvested income and capital gains distribution per unit
(the "Distributions") for certain ETFs (the "Evolve ETFs") for the
2019 tax year. Please note that these are estimated amounts only as
of December 23, 2019 and could change
if the Evolve ETFs experience subscriptions or redemptions prior to
the ex-dividend date or due to other factors.
These estimates are for the annual non-cash capital gains and
income distributions, which are typically reinvested in additional
units of the respective funds at the year-end, and do not include
estimates of ongoing monthly or quarterly cash distribution
amounts. The additional units will be immediately consolidated with
the previously outstanding units such that the number of
outstanding units following the distribution will equal the number
of units outstanding prior to the distribution.
Evolve expects to announce the final annual reinvested
distribution amounts on or about December
30, 2019, for all funds. The record date for the 2019 annual
distributions will be December 31,
2019, payable on January 10,
2020. The actual taxable amounts of reinvested and cash
distributions for 2019, including the tax characteristics of the
distributions, will be reported to brokers (through CDS Clearing
and Depository Services Inc. or "CDS") in early 2020.
Details regarding the "per unit" distribution amounts are as
follows:
Evolve
ETFs
|
Ticker
|
Estimated
Reinvested
Income
Distribution
Per
Unit
|
Estimated
Reinvested
Capital Gains
Distribution
Per
Unit
|
Evolve Automobile
Innovation Index Fund
|
CARS
CARS.B
CARS.U
|
-
$0.0423109
USD
$0.0085264
|
-
-
-
|
Evolve Cyber Security
Index Fund
|
CYBR
CYBR.B
CYBR.U
|
-
-
-
|
$0.255212912941176
$0.861792114285714
USD
$1.4437396
|
Evolve Active Global
Fixed Income Fund
|
EARN
|
-
|
$0.31540518471279
|
Evolve Innovation
Index Fund
|
EDGE
|
$0.0086886
|
-
|
Evolve Active Core
Fixed Income Fund
|
FIXD
|
-
|
$0.016646083871
|
Evolve North American
Gender Diversity Index Fund
|
HERS
HERS.B
|
$0.0178
-
|
-
$0.5639968
|
Evolve Global
Healthcare Enhanced Yield Fund
|
LIFE
LIFE.B
LIFE.U
|
$0.33994733
-
-
|
-
-
-
|
Evolve Marijuana
Fund
|
SEED
|
-
|
$1.3012226122449
|
Sphere FTSE Emerging
Markets Sustainable Yield Index ETF
|
SHZ
|
$0.031160515
|
-
|
Distributions for the funds will vary from period to
period. For further information regarding the Distributions,
please visit www.evolveetfs.com
Commissions, management fees and expenses all may be
associated with exchange traded funds (ETFs). ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. There are risks involved with investing in ETFs.
Please read the prospectus for a complete description of risks
relevant to ETFs. Investors may incur customary brokerage
commissions in buying or selling ETF units. Please read the
prospectus before investing.
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. Evolve 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.
About Evolve Funds Group Inc.
Evolve is one of
Canada's fastest growing ETF
providers since launching its first suite of ETFs via the Toronto
Stock Exchange in September 2017. Evolve is a leader in
thematic ETFs and specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors
with access to: (i) long term investment themes; (ii) index-based
income strategies; and (iii) some of the world's leading investment
managers. Established by a team of industry veterans with a
proven track record of success, Evolve creates investment products
that make a difference. For more information, please visit
www.evolveetfs.com.
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SOURCE Evolve ETFs