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Bullboard - Stock Discussion Forum 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... see more

TSX:ZWU - Post Discussion

BMO Covered Call Utilities ETF > Dividend treatment
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Post by Albertaproud on Aug 31, 2022 3:29pm

Dividend treatment

Does anyone know how the dividends are treated for this etf. Are they eligible for the Canadian dividend tax credit?

Thanks,
Comment by pjn0987654321 on Aug 31, 2022 5:13pm
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.
Comment by Albertaproud on Aug 31, 2022 8:07pm
Thanks for the update.