TORONTO, Dec. 22, 2020 /CNW/ - Scotia Global Asset
Management today announced the estimated year-end cash
distributions for the Scotia Strategic ETF Portfolios listed on the
TSX and the Scotia Index Tracker ETFs listed on the NEO for the
2020 tax year. Please note that these are estimated amounts only
and have been calculated based upon forward-looking information as
of December 11, 2020. As these are
estimated amounts, the final distributions may change.
We expect to announce the final year-end cash distribution
amounts on or about December 30,
2020. The record date for the 2020 year-end distributions
will be December 31, 2020.
The actual taxable amounts of cash distributions for 2020,
including the tax characteristics of the distributions, will be
reported to CDS Clearing and Depository Services Inc. in early
2021. Securityholders can contact their brokerage firm for this
information.
The estimated cash distribution amounts per unit and payable
dates are:
Scotia ETF
name
|
Ticker
symbol
|
Estimated cash
distribution per
unit ($)
|
Payable
date
|
Scotia Strategic
Canadian Equity ETF Portfolio
|
SCAD
|
0.000
|
January 6,
2021
|
Scotia Strategic U.S.
Equity ETF Portfolio
|
SUSA
|
0.000
|
January 6,
2021
|
Scotia Strategic
International Equity ETF Portfolio
|
SINT
|
0.000
|
January 6,
2021
|
Scotia Strategic
Fixed Income ETF Portfolio
|
SFIX
|
0.000
|
January 6,
2021
|
Scotia Canadian Bond
Index ETF Tracker
|
SITB
|
0.000
|
January 8,
2021
|
Scotia Canadian Large
Cap Equity Index Tracker ETF
|
SITC
|
0.045
|
January 8,
2021
|
Scotia U.S. Equity
Index Tracker ETF
|
SITU
|
0.023
|
January 8,
2021
|
Scotia International
Equity Index Tracker ETF
|
SITI
|
0.000
|
January 8,
2021
|
Forward-looking information
This notice
contains forward-looking statements with respect to the year-end
cash distributions for the Scotia Strategic ETF Portfolios and the
Scotia Index Tracker ETFs. Generally, the cash distribution per
unit is expected to increase if the net units outstanding of the
ETF decrease between December 14,
2020 and December 29, 2020. By
their nature, these forward-looking statements involve risks and
uncertainties that could cause the actual distributions to differ
materially from the estimated distributions in this notice. Factors
that could cause the actual distributions to differ from the
estimated distributions between now and the ETF's tax year end
include, but are not limited to, the actual amounts of
distributions received by the ETFs; trading activity within the
ETFs, including buying and selling of securities; and subscription
and redemption activity.
For more information on the Scotia Strategic ETF Portfolios and
the Scotia Index Tracker ETFs, please visit here.
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 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
$1.1 trillion (as at October 31, 2020), 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 Twitter
@ScotiabankViews.
SOURCE Scotiabank