TORONTO, June 18, 2014 /CNW/ - PowerShares Canada today announced the
June 2014 distributions for its exchange-traded funds (ETFs) listed on
the Toronto Stock Exchange. Unitholders of record on June 27, 2014 will
receive cash distributions payable on July 8, 2014. Details of the
"per-unit" distribution amounts are as follows:
PowerShares ETF name
|
Ticker
|
Distribution per unit ($)
|
Payment frequency
|
Fixed Income
|
PowerShares Tactical Bond ETF
|
PTB
|
0.06765
|
Monthly
|
PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF
|
PSB
|
0.07016
|
Monthly
|
PowerShares Ultra Liquid Long Term Government Bond Index ETF†
|
PGL
|
0.06406
|
Monthly
|
PowerShares Senior Loan (CAD Hedged) Index ETF
|
BKL
|
0.06975
|
Monthly
|
PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF
|
PFH
|
0.07437
|
Monthly
|
Equity Income
|
PowerShares Canadian Preferred Share Index ETF
|
PPS
|
0.06901
|
Monthly
|
PowerShares Canadian Dividend Index ETF
|
PDC
|
0.07543
|
Monthly
|
Fundamental Equity
|
PowerShares FTSE RAFI Canadian Fundamental Index ETF
|
PXC
|
0.16498
|
Quarterly
|
PowerShares FTSE RAFI US Fundamental (CAD Hedged) Index ETF
|
PXU
|
0.10645
|
Quarterly
|
Low Volatility Equity
|
PowerShares S&P/TSX Composite Low Volatility Index ETF
|
TLV
|
0.07696
|
Monthly
|
PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF
|
ULV
|
0.04403
|
Monthly
|
High Beta Equity
|
PowerShares S&P/TSX Composite High Beta Index ETF
|
THB
|
0.02942
|
Quarterly
|
PowerShares S&P 500 High Beta (CAD Hedged) Index ETF
|
UHB
|
0.04349
|
Quarterly
|
US Equity
|
PowerShares QQQ (CAD Hedged) Index ETF
|
QQC
|
0.06850
|
Quarterly
|
† On April 15, 2014, PowerShares Ultra DLUX Long Term Government Bond
Index ETF was renamed PowerShares Ultra Liquid Long Term Government
Bond Index ETF. The name change reflects the new name of its underlying
index.
The tax composition of the PowerShares ETFs' distributions will be
determined on an annual basis and will only be available after the
PowerShares ETFs' tax year-end.
To learn more about TSX-listed PowerShares ETFs, please visit www.powershares.ca.
About Invesco Canada Ltd.
Invesco Canada Ltd., operating under three distinct yet complementary
product brands (Trimark, Invesco and PowerShares), is one of Canada's
leading investment management companies. A subsidiary of Invesco Ltd.,
Invesco Canada's singular focus is on investment management, offering a diversified suite of solutions to institutions,
organizations, companies and individual investors across Canada and
around the world. Additional information is available at www.invesco.ca.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm
dedicated to helping investors worldwide achieve their financial
objectives. By delivering the combined power of our distinctive
investment management capabilities, Invesco provides a wide range of
investment strategies and vehicles to our clients around the world.
Operating in more than 20 countries, the firm is listed on the New York
Stock Exchange under the symbol IVZ. Additional information is
available at www.invesco.com.
Commissions, management fees and expenses may all be associated with
investments in exchange-traded funds (ETFs). ETFs are not guaranteed,
their values change frequently and past performance may not be
repeated. Please read the prospectus before investing. Copies are
available from Invesco Canada Ltd. at www.powershares.ca.
There are risks involved with investing in ETFs. Please read the
prospectus for a complete description of risks relevant to the ETF.
Ordinary brokerage commissions apply to purchases and sales of ETF
units.
Most PowerShares ETFs seek to replicate, before fees and expenses, the
performance of the applicable Index, and are not actively managed. This
means that the Sub-advisor will not attempt to take defensive positions
in declining markets and the ETF will continue to provide exposure to
each of the securities in the Index regardless of whether the financial
condition of one or more issuers of securities in the Index
deteriorates. In contrast, if a PowerShares ETF is actively managed,
then the Sub-advisor has discretion to adjust that PowerShares ETF's
holdings in accordance with the ETF's investment objectives and
strategies.
ETFs are not diversified investments.
The NASDAQ Select Canadian Dividend Index has been licensed for use by
Invesco Canada Ltd. The product is not sponsored, endorsed, sold or
promoted by NASDAQ OMX, and NASDAQ OMX makes no representation
regarding the advisability of investing in PowerShares Canadian
Dividend Index ETF.
NASDAQ Select Canadian Preferred Share Index has been licensed for use
by Invesco Canada Ltd. The product is not sponsored, endorsed, sold or
promoted by NASDAQ OMX, and NASDAQ OMX makes no representation
regarding the advisability of investing in PowerShares Canadian
Preferred Share Index ETF.
FTSE® is a trade mark owned by the London Stock Exchange Group companies and
is used by FTSE International Limited ("FTSE") under licence. The FTSE
RAFI® Index Series is calculated by FTSE in conjunction with Research
Affiliates LLC ("RA"). Neither FTSE nor RA sponsor, endorse or promote
this product and are not in any way connected to it and do not accept
any liability in relation to its issue, operation and trading. Any
intellectual property rights in the index values and constituent list
vests in FTSE.
Investors should be aware of the risks associated with data sources and
quantitative processes used in our investment management process.
Errors may exist in data acquired from third party vendors, the
construction of model portfolios, and in coding related to the index
and portfolio construction process. While Research Affiliates takes
steps to identify data and process errors so as to minimize the
potential impact of such errors on index and portfolio performance, we
cannot guarantee that such errors will not occur.
"Fundamental Index®" and/or "Research Affiliates Fundamental Index®" and/or "RAFI®" and/or all other RA trademarks, trade names, patented and
patent-pending concepts are the exclusive property of Research
Affiliates, LLC.
NASDAQ®, OMX®, NASDAQ OMX® and QQQ are trade/service marks of The NASDAQ OMX Group, Inc. (which
with its affiliates is referred to as the "Corporations") and are used
under licence to PowerShares Capital Management LLC and Invesco Canada
Ltd. The Product(s) have not been passed on by the Corporations as to
their legality or suitability. The Product(s) are not issued, endorsed,
sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT
TO THE PRODUCT(S).
Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC
("S&P") and have been sublicensed for certain purposes by Invesco
Canada Ltd. TSX is a registered trademark of TSX Inc. and LSTA is a
registered trademark of Loan Syndications and Trading Association and
both have been licensed for use by S&P Dow Jones Indices LLC and
Invesco Canada Ltd. The S&P/TSX Composite Low Volatility Index, S&P/TSX
Composite High Beta Index, S&P 500 Low Volatility Index (CAD Hedged),
S&P 500 High Beta Index (CAD Hedged) and S&P/LSTA U.S. Leveraged Loan
100 Index (CAD Hedged) are products of S&P Dow Jones Indices LLC, and
have been licensed for use by Invesco Canada Ltd. None of the Funds or
ETFs that utilize such indices are sponsored, endorsed, sold or
promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective
affiliates, or third party licensors and neither S&P Dow Jones Indices
LLC, Dow Jones, S&P, their respective affiliates nor their third party
licensors make any representation regarding the advisability of
investing in such products.
PowerShares Canada is a registered business name of Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks of Invesco Holding Company
Limited, used under licence. PowerShares®, Leading the Intelligent ETF Revolution® and all associated trademarks are trademarks of Invesco PowerShares
Capital Management LLC (Invesco PowerShares), used under licence.
© Invesco Canada Ltd., 2014
SOURCE Invesco Canada Ltd.