TORONTO, Nov. 27, 2020 /CNW/ - Scotia Global Asset
Management today announced the estimated year-end reinvested
distributions for the Scotia Strategic ETF Portfolios listed on the
TSX for the 2020 tax year. Please note that these are estimated
amounts only and have been calculated based upon forward-looking
information as of October 30, 2020.
As these are estimated amounts, the actual distributions may differ
materially from these estimates.
These are estimated distributions of undistributed net income
and/or capital gains. These distributions are typically
reinvested in additional units of the respective Scotia Strategic
ETF Portfolios 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.
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 22, 2020. The record date
for the 2020 final year-end distributions will be December 31, 2020, payable on January 6, 2021.
The actual taxable amounts of reinvested and 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 reach out to their brokerage firm
for this information.
The estimated reinvested distribution amounts are:
Scotia Strategic
ETF Portfolio name
|
Ticker
symbol
|
Estimated
year-end
reinvested
distribution per unit
($)
|
Scotia Strategic
Canadian Equity ETF Portfolio
|
SCAD
|
0.000
|
Scotia Strategic U.S.
Equity ETF Portfolio
|
SUSA
|
0.000
|
Scotia Strategic
International Equity ETF Portfolio
|
SINT
|
0.000
|
Scotia Strategic
Fixed Income ETF Portfolio
|
SFIX
|
0.0451
|
Forward-looking information
This notice
contains forward-looking statements with respect to the year-end
reinvested distributions for the Scotia Strategic ETF Portfolios.
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
Strategic ETF Portfolios' tax year end include, but are not limited
to, the actual amounts of distributions received by the Scotia
Strategic ETF Portfolios; trading activity within the Scotia
Strategic ETF Portfolios, including buying and selling of
securities; and subscription and redemption activity.
For more information on the Scotia Strategic ETF Portfolios,
please visit scotiabank.com/ETF.
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 $1.2
trillion (as at July 31, 2020), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock
Exchange (NYSE: BNS). For more information, please visit our
website and follow us on Twitter @ScotiabankViews.
SOURCE Scotiabank