GCBD Guardian Canadian Bond Fund

Guardian Capital LP (“Guardian Capital”) announces the following regular cash distributions for the period ending December 31, 2021, in respect of the ETF series of the Guardian Capital funds listed below (the “Guardian Capital ETFs”). In each case, the distribution will be paid on December 31, 2021 to unitholders of record on December 23, 2021. The ex-dividend date in each case is December 22, 2021.  

Guardian Capital ETFs	Series of ETF Units	DistributionFrequency	TSX TradingSymbol	Distribution Amount(per ETF Unit)
Guardian Directed Equity Path ETF	Hedged ETF Units	Monthly	GDEP	$0.0685
Guardian Directed Equity Path ETF	Unhedged ETF Units	Monthly	GDEP.B	$0.0652
Guardian Directed Premium Yield ETF	Hedged ETF Units	Monthly	GDPY	$0.1076
Guardian Directed Premium Yield ETF	Unhedged ETF Units	Monthly	GDPY.B	$0.1024
Guardian i3 Global Quality Growth ETF	Hedged ETF Units	Quarterly	GIQG	$01
Guardian i3 Global Quality Growth ETF	Unhedged ETF Units	Quarterly	GIQG.B	$01
Guardian i3 US Quality Growth ETF	Hedged ETF Units	Quarterly	GIQU	$01
Guardian i3 US Quality Growth ETF	Unhedged ETF Units	Quarterly	GIQU.B	$01
Guardian i3 Global REIT ETF	Hedged ETF Units	Quarterly	GIGR	$0.0936
Guardian i3 Global REIT ETF	Unhedged ETF Units	Quarterly	GIGR.B	$0.0488
Guardian Fundamental All Country Equity ETF	Unhedged ETF Units	Annual	GGAC	$02
Guardian Fundamental Emerging Markets Equity ETF	Unhedged ETF Units	Annual	GGEM	$0.0655
Guardian Canadian Bond ETF	ETF Units	Quarterly	GCBD	$0.0874
Guardian Canadian Sector Controlled Equity Fund	Unhedged ETF Units	Quarterly	GCSC	$01

About Guardian Capital LPGuardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities that span a range of asset classes, geographic regions and specialty mandates. Additionally, Guardian Capital LP manages portfolios for institutional clients such as defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds. Guardian Capital LP is a wholly owned subsidiary of Guardian Capital Group Limited and the successor to its original investment management business, which was founded in 1962. For further information on Guardian Capital LP, please call 416-350-8899 or visit www.guardiancapital.com.

About Guardian Capital Group LimitedGuardian Capital Group Limited (Guardian) is a diversified, global financial services company operating in two main business segments: Asset Management and Wealth Management. As at September 30, 2021, Guardian had C$53 billion of assets under management and C$30 billion of assets under administration. Guardian provides extensive institutional and private wealth financial solutions to clients through its subsidiaries, while offering comprehensive wealth management services to financial advisors in its national mutual fund dealer, securities dealer and insurance distribution network. It also maintains and manages a proprietary investment portfolio with a fair market value of C$689 million as at September 30, 2021. Founded in 1962, Guardian’s reputation for steady growth, long-term relationships and its core values of trustworthiness, integrity and stability have been key to its success over six decades. Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively. To learn more about Guardian, visit www.guardiancapital.com.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase Guardian Capital ETFs and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell ETF units on the Toronto Stock Exchange (TSX). If the ETF units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying ETF units and may receive less than the current net asset value when selling them.

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1 There is no quarterly cash distribution for this series of ETF units, in respect of the period ending December 31, 2021. 2 There is no annual cash distribution for this series of ETF units, in respect of the period ending December 31, 2021.