TSX:EIT.PR.A - Post by User
Post by
bbzzzzon Dec 22, 2021 4:54pm
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Post# 34256156
This may help -a similar distribution but from Harvest etf's
This may help -a similar distribution but from Harvest etf'sHere is their explaination which seems to be clearer than eit.un -----
"Each of the Harvest ETFs is required to distribute any income and capital gains that they have earned during the year. The annual distributions will not be paid in cash but will be reinvested and immediately consolidated so that the number of units held by the unitholder, the units outstanding of the ETFs, and the net asset value of the ETFs will not change as a result of the non-cash distributions. The annual distributions will be reported as taxable distributions and result in an increase to each unitholder’s adjusted cost base for the respective ETF. The actual taxable amounts and nature of distributions for the respective ETFs as either income or capital gains will be reported to brokers through CDS Clearing and Depository Services Inc. (“CDS”) in early 2022. "
This may be standard thing now .
tedz