TORONTO, Nov. 26, 2021 /CNW/ - Dynamic Funds today
announced the estimated year-end reinvested distributions for the
Dynamic Active ETFs listed on the TSX 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 Dynamic Active ETFs 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 6, 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:
|
Dynamic Active ETF
name
|
Ticker
symbol
(TSX)
|
Estimated
year-end
reinvested
distribution per unit
($)
|
|
Dynamic Active
Emerging Markets ETF
|
DXEM
|
0.065
|
|
Dynamic Active Energy
Evolution ETF
|
DXET
|
0.000
|
|
Dynamic Active Global
Infrastructure ETF
|
DXN
|
0.430
|
|
Dynamic Active
International Dividend ETF
|
DXW
|
0.000
|
|
Dynamic Active
International ETF
|
DXIF
|
0.000
|
|
Dynamic Active
Retirement Income+ ETF
|
DXR
|
0.366
|
Forward-looking information
This notice
contains forward-looking statements with respect to the year-end
reinvested 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 the Dynamic Active
ETFs' tax year end include, but are not limited to, the actual
amounts of distributions received by the Dynamic ETFs; trading
activity within the Dynamic Active ETFs, including buying and
selling of securities; and subscription and redemption
activity.
For more information about these and the other Dynamic Active
ETFs, please visit Dynamic.ca/ETF.
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 Dynamic Funds
Dynamic Funds is a division of
1832 Asset Management L.P., which offers a range of wealth
management solutions, including mutual funds, actively managed
ETFs, and 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/
SOURCE Dynamic Funds
