BMO Covered Call Utilities ETF T.ZWU

Alternate Symbol(s): BMMVF

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S. dollar securities back to the Canadian dollar. Depending on market volatility and other factors, the ETF will write covered call options on these securities. Under such call options, the ETF will sell to the buyer of the option, for a premium, either a right to buy the security from the ETF at an exercise price or, if the option is cash settled, the right to a payment from the ETF equal to the difference between the value of the security and the exercise price.

TSX:ZWU - Post by User

BMO Covered Call Utilities ETF > Dividend treatment

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Comment by pjn0987654321on Aug 31, 2022 5:13pm

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Post# 34933772

RE:Dividend treatment

For 2021 it was

eligible dividends 0.368472

capital gains 0.016380

return of capital 0.520920

foreign income 0.080328

foreign tax paid -0.026100

Total distribution per unit for tax purposes 0.960000

For 2022, probably it will be similar but we won't know until it's 2023 and they have done the calculations.

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