TORONTO , Dec. 20,
2023 /CNW/ - Scotia Global Asset Management today
announced the estimated year-end reinvested distributions for the
Scotia ETFs listed on the NEO Exchange for the 2023 tax year.
Please note that these are estimated amounts only and have been
calculated based upon information as of December 15, 2023. The final distributions
may change due to subscriptions or redemptions activity before the
ex-dividend date or other factors.
These are estimated year-end distributions which will be
reinvested in additional units of the respective Scotia ETFs and do
not include any cash distribution amounts for December. 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 the final year-end reinvested distribution
amounts on or about December 28,
2023. The record date for the 2023 year-end distributions
will be December 29, 2023, payable on
January 8, 2024.
The actual taxable amounts of reinvested distributions for 2023,
including the tax characteristics of the distributions, will be
reported to CDS Clearing and Depository Services Inc. in early
2024. Securityholders can contact their brokerage firm for this
information.
The estimated reinvested distribution amounts per unit and
payable dates are:
Scotia ETF
name
|
Ticker
symbol
|
Estimated
reinvested
distribution per unit ($)
|
Scotia Canadian Bond
Index Tracker ETF
|
SITB
|
0.00000
|
Scotia Canadian Large
Cap Equity Index Tracker ETF
|
SITC
|
0.00000
|
Scotia Emerging Markets
Equity Index Tracker ETF
|
SITE
|
0.00000
|
Scotia International
Equity Index Tracker ETF
|
SITI
|
0.00000
|
Scotia Responsible
Investing Canadian Bond Index ETF
|
SRIB
|
0.00000
|
Scotia Responsible
Investing Canadian Equity Index ETF
|
SRIC
|
0.08102
|
Scotia Responsible
Investing International Equity Index ETF
|
SRII
|
0.00793
|
Scotia Responsible
Investing U.S. Equity Index ETF
|
SRIU
|
0.62879
|
Scotia U.S. Equity
Index Tracker ETF
|
SITU
|
0.00000
|
Forward-looking
information
This notice contains forward-looking statements with respect to
the year-end reinvested distributions for the Scotia ETFs. By their
nature, these forward-looking statements involve risks and
uncertainties that could cause the final distributions to differ
materially from the estimated distributions in this notice. Factors
that could cause the actual distributions to differ include, but
are not limited to, the actual amounts of distributions received by
the Scotia ETFs; trading activity within the Scotia 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
Scotia Global Asset Management includes 1832 Asset Management
L.P., a limited partnership, the general partner of which is wholly
owned by Scotiabank. 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. For more information, please visit
www.scotiagam.com.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. Guided by our purpose: "for every
future," we help our clients, 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 assets of approximately $1.4 trillion (as at October 31, 2023), 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 follow us on X @Scotiabank.
SOURCE Scotiabank