Vanguard Announces Cash Distributions for the Vanguard ETFs (VAB, VSB, VSC, VDY and VRE)

Vanguard Investments Canada Inc. today announced the final January 2014 monthly cash distributions for Vanguard Canadian Aggregate Bond Index ETF (VAB), Vanguard Canadian Short-Term Bond Index ETF (VSB), Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC), Vanguard FTSE Canadian Capped REIT Index ETF (VRE) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) listed on Toronto Stock Exchange (TSX). Unitholders of record on January 31, 2014 will receive cash distributions payable on February 5, 2014. Details of the “per unit” distribution amounts are as follows:

To learn more about the TSX-listed Vanguard ETFs™, please visit www.vanguardcanada.ca.

About Vanguard

Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. and manages more than $1.6 billion (CAD) in assets. The Vanguard Group, Inc. is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $2.8 trillion (USD) in global assets, including more than $330 billion (USD) in global ETF assets. Vanguard has offices in the United States, Canada, Europe, Australia and Asia. The firm offers more than 160 funds to U.S. investors and more than 100 additional funds, including ETFs, to clients in the other markets in which the firm operates.

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group is owned by Vanguard’s US-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard’s stability and experience, low-cost investing, and client focus. For more information, please visit vanguardcanada.ca.

All asset figures are as of December 31, 2013, unless otherwise noted.

Commissions, management fees, and expenses all may be associated with the Vanguard ETFs. This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies are available from Vanguard Investments Canada Inc. at www.vanguardcanada.ca. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.

“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under licence. The Vanguard FTSE Canadian High Dividend Yield Index ETF and Vanguard FTSE Canadian Capped REIT Index ETF (the “Products”) have been developed solely by Vanguard. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Products and do not accept any liability whatsoever to any person arising out of an investment in or operation of the Products. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Products.