BlackRock® Canada Announces Estimated 2021 Annual Reinvested Capital Gains Distributions for Dynamic Active ETFs
November 24 2021 - 5:10PM
BlackRock Asset Management Canada Limited (“BlackRock Canada”), an
indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK),
today announced the estimated 2021 annual reinvested capital gains
distributions for the Dynamic Active ETFs listed on the TSX.
Please note that these
are estimated capital gains amounts only, as of October 29,
2021. As these are estimated amounts, the final capital gains
distributions may change by the Funds' December 15, 2021 tax
year-end.
These estimates are for the annual non-cash
capital gains distributions, which are typically reinvested in
additional units of the respective funds at the year-end, and do
not include estimates of ongoing periodic (e.g. monthly, quarterly,
semi-annual or annual) 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.
We expect to announce the final annual
reinvested distribution amounts, as well as the ongoing cash
distribution amounts, as applicable, for 2021, on or about December
22, 2021. The record date for the 2021 annual distributions will be
December 31, 2021, payable on January 6, 2022. The actual taxable
amounts of reinvested and cash distributions for 2021, including
the tax characteristics of the distributions, will be reported to
brokers (through CDS Clearing and Depository Services Inc. or
“CDS”) in early 2022.
At a special meeting of unitholders of the of
the ETF held on November 17, 2021, unitholders of the Fund approved
the proposed change in trustee and manager of the ETF from
BlackRock Canada to 1832 Asset Management L.P. BlackRock Canada
expects that the change in trustee and manager will be implemented
on or about December 3, 2021, subject to satisfying all closing
conditions set out in the definitive agreement and obtaining the
applicable regulatory and stock exchange approvals.
Details regarding the estimated distribution
amounts are as follows:
Fund Name |
Fund Ticker |
Estimated annualreinvestedcapital gainsper
unit |
Net assetvalue (NAV)per unit at Oct 29, 2021 |
Estimated annualreinvestedcapital gainsas % of
NAVat Oct 29, 2021 |
Dynamic Active Tactical Bond ETF |
DXB |
- |
20.255483 |
0.00% |
Dynamic Active Canadian Dividend ETF |
DXC |
0.97030 |
31.810286 |
3.05% |
Dynamic Active Global Financial Services ETF |
DXF |
2.42991 |
38.403797 |
6.33% |
Dynamic Active Global Dividend ETF |
DXG |
1.49258 |
51.596535 |
2.89% |
Dynamic Active Crossover Bond ETF |
DXO |
0.36634 |
22.174660 |
1.65% |
Dynamic Active Preferred Shares ETF |
DXP |
- |
23.792021 |
0.00% |
Dynamic Active U.S. Dividend ETF |
DXU |
4.64481 |
48.839845 |
9.51% |
Dynamic Active Investment Grade Floating Rate ETF |
DXV |
0.01238 |
20.232629 |
0.06% |
Dynamic Active U.S. Mid-Cap ETF |
DXZ |
0.74161 |
11.003900 |
6.74% |
Further information on the Dynamic Active ETFs can be found at
http://www.blackrock.com/ca.
Forward-looking information
This notice contains forward-looking statements
with respect to the annual reinvested capital gains 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 December 15, 2021 (the Dynamic Active ETFs’ tax
year end) include, but are not limited to: the actual amounts of
distributions received by the Dynamic Active ETFs; the actual
amounts of capital gains generated from sales of securities;
trading activity within the Dynamic Active ETFs, including buying
and selling of securities; index changes which cause rebalancing
within the Dynamic Active ETFs; and subscription and redemption
activity.
About Dynamic FundsDynamic
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,
institutions 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/
About BlackRockBlackRock’s
purpose is to help more and more people experience financial
well-being. As a fiduciary to investors and a leading provider of
financial technology, we help millions of people build savings that
serve them throughout their lives by making investing easier and
more affordable. For additional information on BlackRock, please
visit www.blackrock.com/corporate | Twitter: @BlackRockCA
Commissions, trailing commissions, management
fees and expenses all may be associated with investing in Dynamic
Active ETFs. Please read the relevant prospectus before investing.
The funds are not guaranteed, their values change frequently and
past performance may not be repeated. Tax, investment and all other
decisions should be made, as appropriate, only with guidance from a
qualified professional.
Contact for
Media: Reem
Jazar Email:
reem.abujazar@blackrock.com
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