AGF Announces Estimated Annual Reinvested Capital Gains Distributions for AGF ETFs
November 19 2021 - 8:00AM
AGF Investments Inc. (AGF) today announced the estimated annual
2021 reinvested distributions for the AGF ETFs listed on the
Toronto Stock Exchange or NEO Exchange as set out in the chart
below. These estimated annual reinvested distributions generally
represent realized capital gains within the AGF ETFs and will not
be paid in cash, but will be reinvested and reported as taxable.
The annual reinvested distributions will be paid in the form of
a notional distribution. A notional distribution is when the units
from a reinvested distribution are immediately consolidated with
the units held prior to the distribution. The number of units held
after the distribution is therefore identical to the number of
units held before the distribution. The unitholder’s adjusted cost
base for the respective AGF ETF may increase.Please note that these
are estimated capital gains amounts only, up to November 10, 2021.
As these are estimated amounts, the final capital gains
distributions may change before the AGF ETFs’ December 15, 2021 tax
year end. The actual distribution amounts, will be reported on or
about December 30, 2021.The actual taxable amounts for 2021,
including the tax characteristics, will be reported in early 2022.
Unitholders of record of an AGF ETF on December 31, 2021 will
receive the actual 2021 reinvested distributions payable in respect
of that AGF ETF on December 31, 2021. Cash distributions for
December 2021 will be reported separately. Details regarding the
estimated “per unit” capital gains distribution amounts are as
follows:
Fund Name |
Fund Ticker |
Exchange |
Estimated AnnualReinvested Capital
GainDistribution Per Unit($) |
AGF Global Opportunities Bond ETF |
AGLB |
NEO Exchange |
0.16407 |
AGF Global Sustainable Growth Equity ETF |
AGSG |
NEO Exchange |
0.15770 |
AGFiQ Canadian Equity ETF |
QCD |
Toronto Stock Exchange |
0.49418 |
AGFiQ Emerging Markets Equity ETF |
QEM |
Toronto Stock Exchange |
- |
AGFiQ Global ESG Factors ETF |
QEF |
NEO Exchange |
2.49400 |
AGFiQ Global Infrastructure ETF |
QIF |
NEO Exchange |
0.36976 |
AGFiQ Global Multi-Sector Bond ETF |
QGB |
NEO Exchange |
2.39615 |
AGFiQ International Equity ETF |
QIE |
Toronto Stock Exchange |
- |
AGFiQ US Equity ETF |
QUS |
Toronto Stock Exchange |
6.28826 |
AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF |
QBTL |
Toronto Stock Exchange |
- |
As previously announced, AGFiQ Global Balanced ETF Portfolio
(ticker: QMA) and AGFiQ Global Income ETF Portfolio (ticker: QMY)
will be terminating effective at the close of business on or about
December 15, 2021 (the ETF Termination Date). AGF will issue an
additional press release on or about the ETF Termination Date
confirming final details of the terminations, including final
distributions for the terminating ETFs, if any.
Further information about the AGF ETFs can be found at
AGF.com.
This information is not intended to provide legal, accounting,
tax, investment, financial, or other advice, and should not be
relied upon for providing such advice. Commissions, management fees
and expenses all may be associated with an investment in
exchange-traded funds (ETFs). Please read the prospectus or
relevant ETF Facts before investing. ETFs are not guaranteed, their
values change frequently and past performance may not be repeated.
Units of ETFs are bought and sold at market price on a stock
exchange and brokerage commissions will reduce returns.
Forward-looking informationThis news release
contains forward-looking statements with respect to the annual
reinvested capital gains distributions for the AGF ETFs. These
forward-looking statements involve risks and uncertainties that
could cause the actual reinvested capital gains distributions to
differ materially from the estimated distributions set forth in
this news release. Factors that could cause the actual
distributions to differ from the estimated distributions between
now and December 15, 2021, (the AGF ETFs’ tax year end) include,
but are not limited to: the actual amounts of distributions
received by the AGF ETFs; the actual amounts of capital gains
generated from sales of securities; trading activity within the AGF
ETFs, including buying and selling of securities; and subscription
and redemption activity, as applicable.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent
and globally diverse asset management firm. AGF brings a
disciplined approach to delivering excellence in investment
management through its fundamental, quantitative, alternative and
high-net-worth businesses focused on providing an exceptional
client experience. AGF’s suite of investment solutions extends
globally to a wide range of clients, from financial advisors and
individual investors to institutional investors including pension
plans, corporate plans, sovereign wealth funds and endowments and
foundations.AGF has investment operations and client servicing
teams on the ground in North America, Europe and Asia. With
over $42 billion in total assets under management and
fee-earning assets, AGF serves more than 700,000 investors. AGF
trades on the Toronto Stock Exchange under the symbol AGF.B.
Media Contact
Amanda Marchment Director, Corporate Communications 416-865-4160
amanda.marchment@agf.com
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