TORONTO, Dec. 20, 2018 /CNW/ - Scotia Global Asset Management today announced the estimated year-end cash distributions for the Scotia Strategic ETF Portfolios listed on the TSX for the 2018 tax year. Please note that these are estimated amounts only and have been calculated based upon forward-looking information as of December 15, 2018. As these are estimated amounts, the final distributions may change.
We expect to announce the final year-end cash distribution amounts on or about December 28, 2018. The record date for the 2018 year-end distributions will be December 31, 2018, payable on January 4, 2019.
The actual taxable amounts of cash distributions for 2018, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2019. Securityholders can contact their brokerage firm for this information.
The estimated cash distribution amounts per unit are:
Scotia Strategic ETF Portfolio name
Scotia Strategic Canadian Equity ETF Portfolio
Scotia Strategic U.S. Equity ETF Portfolio
Scotia Strategic International Equity ETF Portfolio
Scotia Strategic Fixed Income ETF Portfolio
Generally, the cash distribution per unit is expected to increase if the net units outstanding of a Scotia Strategic ETF Portfolio decrease between December 17, 2018 and December 27, 2018. This notice contains forward-looking statements with respect to the year-end cash distributions for the Scotia Strategic ETF Portfolios. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions set forth in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and the Scotia Strategic ETF Portfolios' tax year end include, but are not limited to, the actual amounts of distributions received by the Scotia Strategic ETF Portfolios; trading activity within the Scotia Strategic ETF Portfolios, including buying and selling of securities; and subscription and redemption activity.
For more information on the Scotia Strategic ETF Portfolios, please visit scotiabank.com/ETF.
Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. The securities held by the ETFs can change at any time without notice. Investments in ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
About Scotia Global Asset Management
Scotia Global Asset Management is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs.
Scotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 97,000 employees and assets of $998 billion (as at October 31, 2018), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.