Hamilton Capital Partners Inc. (“Hamilton ETFs”) confirmed today the annual non-cash distributions (“Non-Cash Distributions”) for its suite of ETFs, all of with trade on the Toronto Stock Exchange, for the year ended December 31, 2024. Please note, this is an update to the estimated Non-Cash Distributions previously announced on December 20, 2024.
ETFs are required to distribute any net income and capital gains earned in the year. The Non-Cash Distributions, shown in the table below, 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.
The record date and ex-dividend date for the Non-Cash Distributions is December 31, 2024. In early 2025, the tax characteristics of all 2024 distributions for the ETFs will be reported to brokers via CDS.
|
ETF Name
|
Ticker
Symbol
|
Non-Cash Distribution per
Unit (1)
|
|
Hamilton Global Financials ETF
|
HFG
|
$1.8260
|
|
Hamilton U.S. Mid-Cap Financials ETF
|
HUM
|
$2.5520
|
|
Hamilton Canadian Bank Equal-Weight Index ETF
|
HEB
|
$0.1255
|
- The Non-Cash Distributions listed in the table are expected to be comprised of capital gains.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
With approximately $7 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing ETF providers, offering a suite of innovative exchange traded funds (ETFs) designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial services sector and Canadian banks; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
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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