Scotia Global Asset Management announced the estimated year-end reinvested distributions for the Scotia Index Tracker ETFs listed on the NEO for the 2021 tax year. These are estimated amounts only and have been calculated based upon forward-looking information as of October 29, 2021. As these are estimated amounts, the actual distributions may differ materially from these estimates.
These are estimated distributions of undistributed capital gains. These distributions are typically reinvested in additional units of the respective Scotia Index Tracker ETF at year-end, and do not include estimates of any monthly and/or quarterly cash distributions for the remainder of the year. The additional units will be immediately consolidated so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.
We expect to announce updated estimates of the year-end reinvested distribution amounts (as well as any monthly and/or any quarterly cash distribution amounts, as applicable) on or about December 22, 2021. The record date for the 2021 final year-end distributions will be December 31, 2021, payable on January 10, 2022.
The actual taxable amounts of reinvested and cash distributions for 2021, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2022.
About Scotia Global Asset Management
Scotia Global Asset Management includes 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. 1832 Asset Management L.P. is the investment fund manager of ScotiaFunds® and Dynamic Funds. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, and investment solutions for private clients, institutions and managed asset programs.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future” we help our customers, their families and their communities achieve success 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 over 90,000 employees and assets of approximately $1.2 trillion (as at July 31, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.