TORONTO, Dec. 19, 2018 /CNW/ - Bristol Gate Capital
Partners Inc. ("Bristol Gate Capital Partners" or the "firm") today
announced the estimated 2018 reinvested distributions for the
Bristol Gate Exchange-Traded Funds (the "Bristol Gate ETFs"). These
annual reinvested distributions generally represent realized
capital gains and/or excess net income within the Bristol Gate
ETFs.
The distributions will not be paid in cash but will be
reinvested and reported as a taxable distribution. The reinvested
distributions will increase the unitholder's adjusted cost base for
the respective ETF. The ex-dividend date for the 2018 annual
distributions will be December 28,
2018. Unitholders of record on December 31, 2018 will
receive the actual 2018 reinvested distributions which may vary
from the estimated amounts disclosed below.
The actual taxable amounts of reinvested distributions for 2018,
including the tax characteristics of the distributions, will be
reported to brokers through Clearing and Depository Services (CDS)
in early 2019. Distribution estimates are only approximations, are
not guaranteed and are subject to change prior to the final
distribution date. All values are expressed in Canadian dollars,
unless otherwise indicated. The year-end distribution estimates are
for information purposes only. They do not reflect final
attributions for tax purposes.
The estimated 2018 annual per-unit reinvested distributions for
the Bristol Gate ETFs are as follows:
Fund
Name
|
Fund
Ticker
|
Estimated
Annual
Reinvested
Capital Gain
Distribution ($)
per unit
|
Estimated
Annual
Reinvested
Eligible
Canadian
Dividends
Distribution
($) per unit
|
Estimated
Annual
Reinvested
Foreign
Income
Distribution
($) per unit
|
Estimated
Annual
Total
Reinvested
Distribution
($) per unit
|
Bristol Gate
Concentrated Canadian Equity ETF
|
BGC
|
$0.13892
|
$0.07571
|
$0.00000
|
$0.21463
|
Bristol Gate
Concentrated US Equity ETF
|
BGU
|
$0.29023
|
$0.00000
|
$0.04055
|
$0.33078
|
Bristol Gate
Concentrated US Equity ETF (USD
Units)1
|
BGU.U
|
$0.21695
|
$0.00000
|
$0.03031
|
$0.24726
|
1
Distribution per unit ($) amount is reported in USD for BGU.U
converted as at December 17, 2018
|
Certain statements in this document may contain forward-looking
statements that are predictive in nature, that depend upon or refer
to future events and conditions or include words such as "may",
"could", "would", "should", "expect", "anticipate", "intend",
"plan", "believe", "estimate" and similar forward-looking
expressions or negative versions thereof.
These forward-looking statements are subject to various risks
and uncertainties, including the risks described in the Prospectus
of the ETF, uncertainties and assumptions about the ETF, capital
markets and economic factors, which could cause actual financial
performance and expectations to differ materially from the
anticipated performance or other expectations expressed. Economic
factors include, but are not limited to, general economic,
political and market factors in North
America and internationally, interest and foreign exchange
rates, global equity and capital markets, business competition,
technological change, changes in government regulations, unexpected
judicial or regulatory proceedings, and catastrophic events.
Readers are cautioned not to place undue reliance on
forward-looking statements and consider the above-mentioned factors
and other factors carefully before making any investment decisions.
All opinions contained in forward-looking statements are subject to
change without notice and are provided in good faith.
Forward-looking statements are not guarantees of future
performance, and actual results could differ materially from those
expressed or implied in any forward-looking statements made by the
ETF. The Manager has no specific intention of updating any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by securities
legislation.
Commission, management fees and expenses all may associated with
investments in exchange-traded funds (ETFs). Before investing,
investors should carefully read the prospectus and ETF facts and
carefully consider the investment objectives, risks, charges and
expenses of the ETFs. ETFs are not guaranteed; their values change
frequently, and past performance may not be repeated. For this and
more complete information about the ETFs call 416-921-7076 or visit
www.bristolgate.com for the prospectus and ETF facts. Copies of the
prospectus and ETF facts are also available on www.sedar.com.
About Bristol Gate Capital Partners Inc.
Bristol Gate Capital Partners is an independent, employee-owned,
Toronto-based investment
management company serving individual and institutional clients.
The firm uses predictive machine learning in combination with
fundamental analysis to identify high quality companies that have
the capacity and willingness to significantly increase their
dividends in the year ahead. Bristol Gate Capital Partners
currently manages $1.2 billion in AUA
in a US equity strategy and a Canadian equity strategy and recently
launched the ETFs following both strategies. To learn more
information, please visit www.bristolgate.com.
SOURCE Bristol Gate Capital Partners