TORONTO, Nov. 24,
2023 /CNW/ - Scotia Global Asset Management today
announced the estimated year-end reinvested distributions for the
Scotia ETFs listed on the NEO for the 2023 tax year.
These distributions are typically reinvested in additional units
of the respective Scotia ETF 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.
These are estimated amounts only and have been calculated based
upon forward-looking information as of October 31, 2023, so the actual distributions may
differ materially from these estimates. 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
20, 2023. The record date for the 2023 final year-end
distributions will be December 29,
2023, payable on January 8,
2024.
The actual taxable amounts of reinvested and cash 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 reach out to their brokerage firm
for this information.
The estimated reinvested distribution amounts 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
|
0.42765
|
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
|
0.15958
|
Scotia Responsible
Investing International Equity Index ETF
|
SRII
|
0.00000
|
Scotia Responsible
Investing U.S. Equity Index ETF
|
SRIU
|
0.36924
|
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 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 ETFs' tax year-end
include, but are not limited to, the trading activity within the
Scotia ETFs, and subscription and redemption activity.
For more information on the Scotia ETFs, 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 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 over
$1.4 trillion (as at July 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