TORONTO, Nov. 24,
2023 /CNW/ - Dynamic Funds today announced the
estimated year-end reinvested distributions for the Dynamic Active
ETFs listed on the TSX for the 2023 tax year.
These distributions are typically reinvested in additional units
of the respective Dynamic Active ETFs 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.
Please note that 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 4, 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:
|
Dynamic Active ETF
name
|
Ticker
symbol
(TSX)
|
Estimated
reinvested
distribution per
unit ($)
|
|
Dynamic Active Canadian
Bond ETF
|
DXBC
|
0.00000
|
|
Dynamic Active Canadian
Dividend ETF
|
DXC
|
0.89363
|
|
Dynamic Active
Crossover Bond ETF
|
DXO
|
0.00000
|
|
Dynamic Active Discount
Bond ETF
|
DXDB
|
0.00000
|
|
Dynamic Active Emerging
Markets ETF
|
DXEM
|
0.00000
|
|
Dynamic Active Energy
Evolution ETF
|
DXET
|
0.00000
|
|
Dynamic Active Enhanced
Yield Covered Options ETF
|
DXQ
|
0.60795
|
|
Dynamic Active Global
Dividend ETF
|
DXG
|
0.00000
|
|
Dynamic Active Global
Equity Income ETF
|
DXGE
|
0.00000
|
|
Dynamic Active Global
Financial Services ETF
|
DXF
|
0.00000
|
|
Dynamic Active Global
Infrastructure ETF
|
DXN
|
0.00000
|
|
Dynamic Active
International Dividend ETF
|
DXW
|
0.00000
|
|
Dynamic Active
International ETF
|
DXIF
|
0.00000
|
|
Dynamic Active
Investment Grade Floating Rate ETF
|
DXV
|
0.00000
|
|
Dynamic Active
Preferred Shares ETF
|
DXP
|
0.00000
|
|
Dynamic Active
Retirement Income ETF
|
DXR
|
0.00000
|
|
Dynamic Active Tactical
Bond ETF
|
DXB
|
0.00000
|
|
Dynamic Active U.S.
Dividend ETF
|
DXU
|
0.00000
|
|
Dynamic Active U.S.
Equity ETF
|
DXUS
|
0.00000
|
|
Dynamic Active U.S.
Investment Grade Corporate Bond ETF
|
DXBU
|
0.00000
|
|
Dynamic Active U.S.
Mid-Cap ETF
|
DXZ
|
0.10726
|
Forward-looking
information
This notice contains forward-looking statements with respect to
the year-end reinvested distributions for the Dynamic Active 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 Dynamic Active
ETFs' tax year end include, but are not limited to, the trading
activity within the Dynamic Active ETFs, and subscription and
redemption activity.
For more information about these and the other Dynamic Active
ETFs, please visit Dynamic.ca/ETF.
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 Dynamic Funds
Dynamic Funds is a division of 1832 Asset Management L.P., which
offers a range of wealth management solutions, including mutual
funds, actively managed ETFs, and investment solutions for private
clients, institutional clients and managed asset programs. 1832
Asset Management L.P. is a limited partnership, the general partner
of which is wholly owned by Scotiabank. Dynamic Funds®
is a registered trademark The Bank of Nova Scotia, used under license by, and is a
division of, 1832 Asset Management L.P.
© Copyright 2023 The Bank of Nova Scotia. All rights
reserved.
Website: www.dynamic.ca |X (formerly
Twitter):@DynamicFunds | LinkedIn:
https://www.linkedin.com/company/dynamic-funds/
SOURCE Dynamic Funds