TORONTO, Dec. 20, 2018 /CNW/ - Scotia Global Asset
Management today announced the estimated year-end reinvested
distributions for the Scotia Strategic ETF Portfolios listed on the
TSX for the 2018 tax year. Please note that these are estimated
amounts only and have been calculated based upon forward-looking
information as of December 15, 2018.
As these are estimated amounts, the final distributions may
change.
These are estimated year-end distributions of undistributed net
income and/or capital gains. The distributions will be reinvested
in additional units of the respective Scotia Strategic ETF
Portfolios 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,
2018. The record date for the 2018 year-end distributions
will be December 31, 2018, payable on
January 4, 2019. The actual taxable
amounts of reinvested distributions for 2018, including the tax
characteristics of the distributions, will be reported to CDS
Clearing and Depository Services Inc. in early 2019.
Securityholders can contact their brokerage firm for this
information.
The estimated reinvested distribution amounts per unit are:
Scotia Strategic
ETF Portfolio name
|
Ticker
symbol
(TSX)
|
Estimated
year-end
reinvested distributions
per unit ($)
|
Scotia Strategic
Canadian Equity ETF Portfolio
|
SCAD
|
0.000
|
Scotia Strategic U.S.
Equity ETF Portfolio
|
SUSA
|
0.257
|
Scotia Strategic
International Equity ETF Portfolio
|
SINT
|
0.210
|
Scotia Strategic
Fixed Income ETF Portfolio
|
SFIX
|
0.109
|
Forward-looking information
This notice
contains forward-looking statements with respect to the year-end
reinvested distributions for the Scotia Strategic ETF Portfolios.
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
Strategic ETF Portfolios' tax year end include, but are not limited
to, the actual amounts of distributions received by the Scotia
Strategic ETF Portfolios; trading activity within the Scotia
Strategic ETF Portfolios, including buying and selling of
securities; and subscription and redemption activity.
For more information on the Scotia Strategic ETF Portfolios,
please visit scotiabank.com/ETF.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETFs). Please read the
prospectus before investing. The securities held by the ETFs can
change at any time without notice. Investments in ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated.
About Scotia Global Asset Management
Scotia Global
Asset Management is a business name used by 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, and
investment solutions for private clients, institutional clients and
managed asset programs.
About Scotiabank
Scotiabank
is Canada's international bank and a leading financial
services provider in the Americas. We are dedicated to helping our
more than 25 million customers become better off 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 more than 97,000 employees and assets of $998
billion (as at October 31, 2018), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock
Exchange (NYSE: BNS). For more information, please
visit www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank