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TORONTO, June 17, 2024 /CNW/ - As was previously announced on April 16, 2024, Arrow Capital Management Inc. ("Arrow") intends to wind-up Exemplar Portfolios Ltd., a mutual fund corporation, and merge its suite of five corporate class funds into new trust fund equivalents on June 24, 2024.  As a result, Arrow, today announced a reinvested distribution for the ETF Series of Arrow Long/Short Alternative Class (TSX: ACAA) (the "ETF") for the 2024 tax year.

This is a distribution of undistributed net income and/or capital gains. The distribution will be reinvested in additional securities of the ETF. The additional securities will be immediately consolidated with the securities previously outstanding, so that the number of securities outstanding following the distribution will equal the number of securities outstanding prior to the distribution.

The record date for the distribution is June 21, 2024. The actual taxable amount distributed by the ETF in 2024, including the tax characteristics of this amount, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2025.

Details of the final per-security distribution amount is as follows:

This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. 

Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated.

The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.

SOURCE Arrow Capital Management Inc.