TORONTO, Nov. 20, 2017 /CNW/ - Invesco today announced
estimated 2017 annual distributions for its PowerShares
exchange-traded funds (ETFs). Unitholders of record on December 28, 2017 will receive these
distributions, which will generally consist of capital gains only.
The distributions will be reinvested and the resulting units
immediately consolidated, so the number of units held by each
investor will not change. Investors holding their units outside
registered plans will have taxable amounts to report and an
increase in the adjusted cost base of their investment.
Note that these figures are estimates only, as of October 27, 2017, and are subject to change prior
to the December 15, 2017 taxation
year-end of the ETFs. These estimates are for annual amounts only
and do not include estimates of ongoing monthly or quarterly cash
distributions.
Final year-end distribution amounts, as well as the ongoing
monthly and quarterly cash distribution amounts, will be announced
on or about December 15, 2017. The
tax characteristics for all distributions declared in 2017 will be
reported before the end of February
2018.
PowerShares ETF
name1
|
Ticker
symbol†
|
Distribution
per unit ($)
|
Asset
allocation
|
PowerShares Low
Volatility Portfolio ETF
|
PLV
|
0.07
|
Fixed
income
|
PowerShares 1-10 Year
Laddered Investment Grade Corporate Bond Index ETF
|
PIB
|
0.00
|
PowerShares 1-3 Year
Laddered Floating Rate Note
Index ETF
|
PFL
|
0.00
|
PowerShares 1-5 Year
Laddered Investment Grade
Corporate Bond Index ETF
|
PSB
|
0.00
|
PowerShares
Fundamental High Yield Corporate Bond Index ETF – CAD
Hedged
|
PFH.F
|
0.00
|
PowerShares
LadderRite U.S. 0-5 Year Corporate
Bond Index ETF – CAD
|
USB
|
0.00
|
PowerShares
LadderRite U.S. 0-5 Year Corporate
Bond Index ETF – USD
|
USB.U
|
0.00
|
PowerShares Senior
Loan Index ETF – CAD
|
BKL.C
|
0.00
|
PowerShares Senior
Loan Index ETF – CAD Hedged
|
BKL.F
|
0.00
|
PowerShares Senior
Loan Index ETF – USD
|
BKL.U
|
0.00
|
PowerShares Tactical
Bond ETF
|
PTB
|
0.00
|
PowerShares Ultra
Liquid Long Term Government
Bond Index ETF
|
PGL
|
0.00
|
Equity
income
|
PowerShares Canadian
Dividend Index ETF
|
PDC
|
0.61
|
PowerShares Canadian
Preferred Share Index ETF
|
PPS
|
0.00
|
PowerShares Global
Shareholder Yield ETF – CAD
|
PSY
|
0.00
|
PowerShares Global
Shareholder Yield ETF – USD
|
PSY.U
|
0.00
|
PowerShares S&P
500 High Dividend Low Volatility Index ETF – CAD
|
UHD
|
0.25
|
PowerShares S&P
500 High Dividend Low Volatility Index ETF – CAD Hedged
|
UHD.F
|
0.25
|
PowerShares S&P
500 High Dividend Low Volatility Index ETF – USD
|
UHD.U
|
0.20
|
PowerShares S&P
Global ex. Canada High Dividend Low Volatility Index ETF –
CAD
|
GHD
|
0.07
|
PowerShares S&P
Global ex. Canada High Dividend Low Volatility Index ETF – CAD
Hedged
|
GHD.F
|
0.07
|
PowerShares
S&P/TSX REIT Income Index ETF
|
REIT
|
0.00
|
Low-volatility
equity
|
PowerShares S&P
500 Low Volatility Index
ETF – CAD
|
ULV.C
|
1.05
|
PowerShares S&P
500 Low Volatility Index ETF – CAD Hedged
|
ULV.F
|
1.05
|
PowerShares S&P
500 Low Volatility Index
ETF – USD
|
ULV.U
|
0.82
|
PowerShares S&P
Emerging Markets Low Volatility Index ETF
|
ELV
|
0.00
|
PowerShares S&P
International Developed Low Volatility Index ETF
|
ILV
|
0.00
|
PowerShares
S&P/TSX Composite Low Volatility Index ETF
|
TLV
|
0.31
|
Fundamental
Index® methodology equity
|
PowerShares FTSE RAFI
Canadian Fundamental Index ETF
|
PXC
|
0.38
|
PowerShares FTSE RAFI
Canadian Small-Mid Fundamental Index ETF
|
PZC
|
1.49
|
PowerShares FTSE RAFI
Global Small-Mid Fundamental ETF – CAD
|
PZW
|
0.09
|
PowerShares FTSE RAFI
Global Small-Mid Fundamental ETF – USD
|
PZW.U
|
0.07
|
PowerShares FTSE RAFI
Global+ Fundamental Index ETF – CAD
|
PXG
|
0.00
|
PowerShares FTSE RAFI
Global+ Fundamental Index ETF – USD
|
PXG.U
|
0.00
|
PowerShares FTSE RAFI
U.S. Fundamental Index ETF II – CAD
|
PXS
|
0.00
|
PowerShares FTSE RAFI
U.S. Fundamental Index ETF II – USD
|
PXS.U
|
0.00
|
PowerShares FTSE RAFI
U.S. Fundamental Index ETF – CAD Hedged
|
PXU.F
|
2.20
|
Momentum
equity
|
PowerShares DWA
Global Momentum Index
ETF – CAD
|
DWG
|
0.00
|
PowerShares DWA
Global Momentum Index ETF – CAD Hedged
|
DWG.F
|
0.00
|
PowerShares DWA
Global Momentum Index
ETF – USD
|
DWG.U
|
0.00
|
U.S.
equity
|
PowerShares QQQ Index
ETF – CAD Hedged
|
QQC.F
|
3.17
|
1 On January 12, 2017,
the following name and ticker changes were made: PowerShares Senior
Loan (CAD Hedged) Index ETF (BKL) became PowerShares Senior Loan
Index ETF (BKL.F), PowerShares Fundamental High Yield Corporate
Bond (CAD Hedged) Index ETF (PFH) became PowerShares Fundamental
High Yield Corporate Bond Index ETF (PFH.F), PowerShares S&P
500 Low Volatility (CAD Hedged) Index ETF (ULV) became PowerShares
S&P 500 Low Volatility Index ETF (ULV.F), PowerShares U.S.
Fundamental (CAD Hedged) Index ETF (PXU) became PowerShares U.S.
Fundamental Index ETF (PXU.F), PowerShares QQQ (CAD Hedged) Index
ETF (QQC) became PowerShares QQQ Index ETF (QQC.F) and PowerShares
FTSE RAFI U.S. Fundamental Index ETF (PXS) became PowerShares FTSE
RAFI U.S. Fundamental Index ETF II.
On May 11, 2017, two additional
series were offered on PowerShares Senior Loan Index ETF (BKL.F):
BKL.C (CAD unhedged) and BKL.U (USD).
† A ticker symbol ending with ".U" represents
U.S.-dollar-denominated units. Distributions are paid in U.S.
dollars. U.S.-dollar-denominated units do not provide a currency
hedge between the Canadian dollar and the U.S. dollar.
The tax composition of the PowerShares ETFs' distributions will
be determined on an annual basis and will only be available after
the PowerShares ETFs' tax year-end.
To learn more about Invesco Canada's smart beta PowerShares ETFs
and funds, visit powershares.ca or connect with Invesco Canada on
Twitter (@InvescoCanada), LinkedIn or Facebook.
About Invesco Ltd.
Invesco Ltd. is an independent
investment management firm dedicated to delivering an investment
experience that helps people get more out of life. NYSE: IVZ;
invesco.com.
Commissions, management fees and expenses may all be associated
with investments in ETFs. ETFs are not guaranteed, their values
change frequently and past performance may not be repeated. Please
read the prospectus before investing. Copies are available from
Invesco Canada Ltd. at powershares.ca.
There are risks involved with investing in ETFs. Please read the
prospectus for a complete description of risks relevant to the ETF.
Ordinary brokerage commissions apply to purchases and sales of ETF
units.
Most PowerShares ETFs seek to replicate, before fees and
expenses, the performance of the applicable index, and are not
actively managed. This means that the sub-advisor will not attempt
to take defensive positions in declining markets and the ETF will
continue to provide exposure to each of the securities in the index
regardless of whether the financial condition of one or more
issuers of securities in the index deteriorates. In contrast, if a
PowerShares ETF is actively managed, then the sub-advisor has
discretion to adjust that PowerShares ETF's holdings in accordance
with the ETF's investment objectives and strategies.
ETFs are not diversified investments.
Investors should be aware of the risks associated with data
sources and quantitative processes used in our investment
management process. Errors may exist in data acquired from
third-party vendors, the construction of model portfolios and in
coding related to the index and portfolio construction process.
While Research Affiliates takes steps to identify data and process
errors so as to minimize the potential impact of such errors on
index and portfolio performance, we cannot guarantee that such
errors will not occur.
FTSE® is a trade mark owned by the London Stock
Exchange Group companies and is used by FTSE International Limited
("FTSE") under licence. The FTSE RAFI® Index Series is
calculated by FTSE in conjunction with Research Affiliates, LLC
("RA"). Neither FTSE nor RA sponsor, endorse or promote this
product and are not in any way connected to it and do not accept
any liability in relation to its issue, operation and trading. Any
intellectual property rights in the index values and constituent
list vests in FTSE.
"Fundamental Index®" and/or "Research Affiliates
Fundamental Index®" and/or "RAFI®" and/or all
other RA trademarks, trade names, patented and patent-pending
concepts are the exclusive property of Research Affiliates,
LLC.
Nasdaq®, OMX® and Nasdaq OMX®
are registered trademarks of The Nasdaq OMX Group, Inc. ("Nasdaq
OMX") and LadderRite® is a registered trademark of
LadderRite Portfolios LLC ("LadderRite"). Nasdaq®,
OMX®, Nasdaq OMX® and LadderRite®
are collectively the "Marks". The Marks are used under licence to
PowerShares Capital Management LLC and Invesco Canada Ltd. The
Product(s) have not been passed on by Nasdaq OMX or LadderRite as
to their legality or suitability. The Product(s) are not issued,
endorsed, sold, or promoted by Nasdaq OMX or LadderRite, and NASDAQ
OMX AND LADDERRITE MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO THE PRODUCT(S).
FTSE TMX Global Debt Capital Markets Inc. ("FTDCM"), FTSE
International Limited ("FTSE"), the London Stock Exchange Group
companies (the "Exchange") or TSX Inc. ("TSX" and together with
FTDCM, FTSE and the Exchange, the "Licensor Parties") make no
warranty or representation whatsoever, expressly or impliedly,
either as to the results to be obtained from the use of the FTSE
TMX Canada Investment Grade 1-5 Year Laddered Corporate Bond Index,
the FTSE TMX Canada 1-10 Year Laddered Investment Grade Corporate
Bond Index, FTSE TMX Canada Ultra Liquid Long Government Bond Index
and FTSE TMX Canada 1-3 Year Laddered Floating Rate Note Index (the
"Index") and/or the figure at which the said Index stands at any
particular time on any particular day or otherwise. The Index is
compiled and calculated by FTDCM and all copyright in the Index
values and constituent lists vests in FTDCM. The Licensor Parties
shall not be liable (whether in negligence or otherwise) to any
person for any error in the Index and the Licensor Parties shall
not be under any obligation to advise any person of any error
therein.
"TMX" is a trademark of TSX Inc. and is used under licence.
"FTSE®" is a trademark of FTSE International Limited in
Canada and Taiwan, and "FTSE®" is a trademark
of the London Stock Exchange Group companies in the rest of the
world, and is used by FTDCM under licence.
LSTA® is a registered trademark of Loan Syndications
and Trading Association and has been licensed for use by S&P
Dow Jones Indices LLC and Invesco Canada Ltd.
TSX is a trademark of TSX Inc. ("TSX") and has been licensed for
use by S&P Dow Jones Indices LLC and Invesco Canada Ltd.
S&P®, S&P 500®, S&P 500 Low
Volatility Index®, S&P 500® Low
Volatility High Dividend Index and S&P Global 1200 Ex-Canada
Low Volatility Index ETF are registered trademarks of Standard
& Poor's Financial Services LLC and have been licensed for use
by S&P Dow Jones Indices LLC and sublicensed for certain
purposes by Invesco Canada Ltd.
The S&P/TSX Composite Low Volatility Index, S&P 500 Low
Volatility Index, S&P 500 Low Volatility High Dividend Index,
S&P Global 1200 Ex-Canada Low Volatility High Dividend Index,
S&P BMI International Developed Low Volatility Index, S&P
BMI Emerging Markets Low Volatility Index, S&P/TSX Capped REIT
Income Index and S&P/LSTA U.S. Leveraged Loan 100 Index are
products of S&P Dow Jones Indices LLC, and have been licensed
for use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares
Index ETFs are not sponsored, endorsed, sold or promoted by S&P
Dow Jones Indices LLC, its affiliates, LSTA or TSX, and none of
such parties makes any representation regarding the advisability of
investing in such product.
FTSE® is a trademark owned by the London Stock
Exchange Group companies and is used by FTSE International Limited
("FTSE") under licence. The FTSE RAFI® Index Series is
calculated by FTSE in conjunction with Research Affiliates, LLC
("RA"). Neither FTSE nor RA sponsor, endorse or promote this
product and are not in any way connected to it and do not accept
any liability in relation to its issue, operation and trading. Any
intellectual property rights in the Index values and constituent
list vest in FTSE.
Invesco Canada Ltd. ("Invesco") has obtained a license from
Dorsey, Wright & Associates, LLC ("Dorsey Wright") for use of
certain Dorsey Wright trademarks and
the Dorsey Wright Global Technical Leaders Index ("Index"). Such
trademarks and Index have been developed by Dorsey Wright without regard to and
independently of Invesco, this product, and/or any prospective
investor. A determination that any portion of an investor's
portfolio should be devoted to any product developed by Invesco
with reference to a Dorsey Wright
index is a determination made solely by the investor, not
Dorsey Wright or Invesco. The
licensing of any index to Invesco is not an offer to purchase or
sell, or a solicitation or an offer to buy any security.
Invesco is a registered business names of Invesco Canada
Ltd.
Invesco® and all associated trademarks are trademarks
of Invesco Holding Company Limited, used under licence.
PowerShares®, Leading the Intelligent ETF
Revolution® and all associated trademarks are trademarks
of Invesco PowerShares Capital Management LLC (Invesco
PowerShares), used under licence.
© Invesco Canada Ltd., 2017
SOURCE Invesco Canada Ltd.