TORONTO, Nov. 23,
2022 /CNW/ - Bristol Gate Capital Partners Inc.
("Bristol Gate Capital Partners" or the "firm") today announced the
estimated 2022 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 2022 annual
distributions will be December 29,
2022. Unitholders of record on December 30, 2022 will
receive the actual 2022 reinvested distributions which may vary
from the estimated amounts disclosed below.
Note that these figures are estimates only, as of November 17, 2022, are not guaranteed and are
subject to change prior to the December 31,
2022 taxation year-end of the ETFs.
The actual taxable amounts of reinvested distributions for 2022,
including the tax characteristics of the distributions, will be
reported to brokers through Clearing and Depository Services (CDS)
in early 2023.
All values are expressed in Canadian dollars, unless otherwise
indicated. The estimated 2022 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
|
$0.44617
|
$0.09367
|
$0.00000
|
$0.53984
|
Bristol Gate
Concentrated
US Equity ETF
|
BGU
|
$1.80695
|
$0.00000
|
$0.05532
|
$1.86227
|
Bristol Gate
Concentrated
US Equity ETF
(USD Units)1
|
BGU.U
|
US $1.35348
|
US $0.00000
|
US $0.04144
|
US $1.39492
|
|
1Distribution per unit ($) amount
is reported in USD for BGU.U converted as at November 17,
2022
|
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.
Commissions, management fees and expenses all may be 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 approximately $2.6
billion in AUM/AUA across a US equity strategy and a
Canadian equity strategy and manages an ETF following each
strategy. To learn more information, please
visit www.bristolgate.com.
SOURCE Bristol Gate Capital Partners