TORONTO, Nov. 25,
2022 /CNW/ - Scotia Global Asset Management announced
today that the below Scotia ETFs listed on the NEO Exchange are not
expected to pay year-end reinvested distributions for the 2022 tax
year, based on estimates as of October 31,
2022.
Scotia ETF
name
|
Ticker
symbol
|
Scotia Canadian Bond
Index Tracker ETF
|
SITB
|
Scotia Canadian Large
Cap Equity Index Tracker ETF
|
SITC
|
Scotia International
Equity Index Tracker ETF
|
SITI
|
Scotia Responsible
Investing Canadian Bond Index ETF
|
SRIB
|
Scotia Responsible
Investing Canadian Equity Index ETF
|
SRIC
|
Scotia Responsible
Investing International Equity Index ETF
|
SRII
|
Scotia Responsible
Investing U.S. Equity Index ETF
|
SRIU
|
Scotia U.S. Equity
Index Tracker ETF
|
SITU
|
These are estimates only and have been calculated based upon
forward-looking information, so the actual distributions may differ
materially from these estimates. We expect to announce updated
estimates of any year-end reinvested distribution amounts (as well
as any monthly and/or any quarterly cash distribution amounts, as
applicable) on or about December 21,
2022. The record date for the 2022 final year-end
distributions will be December 30,
2022, payable on January 9,
2023.
The actual taxable amounts of reinvested distributions, if any,
and cash distributions for 2022, including the tax characteristics
of the distributions, will be reported to CDS Clearing and
Depository Services Inc. in early 2023. Securityholders can reach
out to their brokerage firm for this information.
Forward-looking information
This notice
contains forward-looking statements with respect to the year-end
reinvested distributions for the Scotia ETFs. 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 ETFs' tax year-end
include, but are not limited to, the trading activity within the
Scotia ETFs, and subscription and redemption activity.
For more information on the Scotia ETFs, please visit here.
Commissions, trailing commissions, management fees and expenses
may be associated with mutual fund investments, including
ETFs. Please read the prospectus before investing. Mutual
funds and ETFs are not guaranteed, their values change frequently
and past performance may not be repeated.
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. 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
$1.3 trillion (as at July 31, 2022), 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 @Scotiabank.
SOURCE Scotiabank