TORONTO, Nov. 26, 2021 /CNW/ - Scotia Global Asset
Management today announced the estimated year-end reinvested
distributions for the Scotia Index Tracker ETFs listed on the NEO
for the 2021 tax year. These are estimated amounts only and have
been calculated based upon forward-looking information as of
October 29, 2021. As these are
estimated amounts, the actual distributions may differ materially
from these estimates.
These are estimated distributions of undistributed capital
gains. These distributions are typically reinvested in
additional units of the respective Scotia Index Tracker ETF at
year-end, and do not include estimates of any monthly and/or
quarterly cash distributions for the remainder of the year. The
additional units will be immediately consolidated so that the
number of units outstanding following the distribution will equal
the number of units outstanding prior to the distribution.
We expect to announce updated estimates of the year-end
reinvested distribution amounts (as well as any monthly and/or any
quarterly cash distribution amounts, as applicable) on or about
December 22, 2021. The record date
for the 2021 final year-end distributions will be December 31, 2021, payable on January 10, 2022.
The actual taxable amounts of reinvested and cash distributions
for 2021, including the tax characteristics of the distributions,
will be reported to CDS Clearing and Depository Services Inc. in
early 2022. Securityholders can reach out to their brokerage firm
for this information.
The estimated reinvested distribution amounts are:
per unit ($)
Scotia Canadian Bond
Index Tracker ETF
Scotia Canadian Large
Cap Equity Index Tracker ETF
Equity Index Tracker ETF
Scotia U.S. Equity
Index Tracker ETF
contains forward-looking statements with respect to the year-end
reinvested distributions for the Scotia Index Tracker 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 the Scotia Index
Tracker ETFs' tax year-end include, but are not limited to, the
trading and/or rebalancing activity within the Scotia Index Tracker
ETFs, including buying and selling of securities; and subscription
and redemption activity.
For more information on the Scotia ETF, please visit here.
Commissions, trailing commissions, management fees and expenses
may be associated with mutual fund investments, including
ETFs. Please read the prospectus before investing. Mutual
funds and ETFs are not guaranteed, their values change frequently
and past performance may not be repeated.
About Scotia Global Asset Management
Asset Management includes 1832 Asset Management L.P., a limited
partnership, the general partner of which is wholly owned by
Scotiabank. 1832 Asset Management L.P. is the investment fund
manager of ScotiaFunds® and Dynamic Funds. Scotia Global
Asset Management offers a range of wealth management solutions,
including mutual funds, ETFs, and investment solutions for private
clients, institutions and managed asset programs.
Scotiabank is a leading bank in the
Americas. Guided by our purpose: "for every future" we help our
customers, their families and their communities achieve success
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of over 90,000 employees and assets of approximately
$1.2 trillion (as at July 31, 2021), Scotiabank trades on the Toronto
Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).
For more information, please visit http://www.scotiabank.com and
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