Hamilton Capital Partners Inc. (“Hamilton ETFs”) confirmed today the annual non-cash distributions (“Non-Cash Distributions”) for its suite of financial services ETFs for the period ended December 31, 2021. Please note this is an update to the estimated special distributions previously announced on December 21, 2021.
ETFs are required to distribute any net income and capital gains earned in the year. The Non-Cash Distributions will not be paid in cash but will be automatically reinvested in additional units of the respective ETFs and immediately consolidated so that the number of units held by the unitholder and the net asset value of the ETFs will not change. The Non-Cash Distributions will be reported as taxable distributions and will be used to increase each unitholder’s adjusted cost base for the respective ETF. Note, the amounts below do not include the cash distributions announced on December 21, 2021.
The record date for the Non-Cash Distributions is December 31, 2021. The nominal payment date applied to the Non-Cash Distributions will be January 13, 2022, though in actuality there will be no physical payment made as would be the case if the distributions were made in cash. In early 2022, the tax characteristics of all 2021 distributions for the ETFs will be reported to brokers via CDS. The expected nature of the Non-Cash Distributions for each of the ETFs listed below is to be 100% capital gains.
|
ETF Name
|
Ticker
Symbol
|
Final Annual Non-Cash
Distribution per Unit
|
|
Hamilton Global Financials ETF
|
HFG
|
$0.77656
|
|
Hamilton Financials Innovation ETF
|
HFT
|
$0.18543
|
|
Hamilton U.S. Mid/Small-Cap Financials ETF
|
HUM
|
nil
|
|
HUM.U
|
nil
|
|
Hamilton Australian Bank Equal-Weight Index ETF
|
HBA
|
$0.50735
|
|
Hamilton Canadian Bank Mean Reversion Index ETF
|
HCA
|
$1.80801
|
|
Hamilton Enhanced Canadian Bank ETF
|
HCAL
|
$2.29452
|
|
Hamilton Enhanced Multi-Sector Covered Call ETF
|
HDIV
|
$0.06438
|
About Hamilton Capital Partners Inc. (Hamilton ETFs)
Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $1 billion in asset under management, the firm offers seven exchange traded funds including both rules-based and active mandates. Hamilton ETFs is also an active commentator on the global financial services sector; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements may constitute a forward-looking statement, including those identified by the expression “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.
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