TORONTO, Nov. 22, 2021 /CNW/ - BMO Asset Management Inc.
today announced additional estimated 2021 annual reinvested
distributions for BMO Exchange Traded Funds (BMO ETFs)
1. These annual reinvested distributions generally
represent realized capital gains and special income within the BMO
ETFs and are paid to unitholders, as required, to ensure that the
BMO ETFs are not liable for ordinary income tax.
Unitholders of record at close of business on December 30, 2021 will receive the 2021 annual
reinvested distributions. The final year-end distribution amounts,
as well as the ongoing cash distribution amounts, are expected to
be announced on December 20, 2021.
The actual taxable amounts, including the tax characteristics, will
be reported in 2022.
Please note that these are estimated annual reinvested
distributions only and have been calculated based upon
forward-looking information as of October
22, 20212. If the forward-looking information
changes, the estimated annual reinvested distributions may also
change.
These estimates are for the annual reinvested distributions only
and do not include estimates of ongoing cash distribution
amounts.
Details of the per-unit estimated annual reinvested distribution
amounts are as follows:
|
BMO
ETFs
|
Ticker
|
Estimated
Reinvested
Distribution ($)
|
|
BMO Short Corporate
Bond Index ETF (Accumulating Units)
|
ZCS.L
|
0.160
|
|
BMO Short Federal
Bond Index ETF (Accumulating Units)
|
ZFS.L
|
0.100
|
|
BMO Short Provincial
Bond Index ETF (Accumulating Units)
|
ZPS.L
|
0.160
|
|
BMO Ultra Short-Term
US Bond ETF (USD Accumulating Units)
|
ZUS.V
|
0.250
|
|
BMO Ultra Short-Term
Bond ETF (Accumulating Units)
|
ZST.L
|
0.250
|
|
1
|
BMO ETFs are managed
by BMO Asset Management Inc., which is an investment fund manager
and a portfolio manager, and a separate legal entity from Bank of
Montreal.
|
|
|
|
2
|
Forward-looking
information: This notice contains forward-looking statements with
respect to the estimated annual distributions for the BMO ETFs. By
their nature, these forward-looking statements involve risks and
uncertainties that could cause the actual distributions to differ
materially from those contemplated by the forward-looking
statements. Material factors that could cause the actual
distributions to differ from the estimated distributions include,
but are not limited to: the actual amounts of distributions
received by the BMO ETFs; portfolio transactions; and subscription
and redemption activity.
|
®/™Registered trademarks/trademark of Bank of Montreal, used under licence.
BMO Global Asset Management is a brand name that comprises BMO
Asset Management Inc., BMO Investments Inc. and BMO Asset
Management Corp.
Commissions, management fees and expenses (if applicable) all
may be associated with investments in BMO ETFs. Please read
the ETF facts or prospectus of the relevant BMO ETF before
investing. BMO ETFs are not guaranteed, their values change
frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs,
please see the specific risks set out in the prospectus. BMO
ETFs trade like stocks, fluctuate in market value and may trade at
a discount to their net asset value, which may increase the risk of
loss. Distributions are not guaranteed and are subject to change
and/or elimination.
About BMO Exchange Traded Funds (ETFs)
BMO Exchange
Traded Funds has been a leading ETF provider
in Canada for more than 11 years, with over 100
strategies, over 25 per cent market share
in Canada1, and $80.6 billion in assets
under management. BMO ETFs are designed to stay ahead of market
trends and provide compelling solutions to help advisors and
investors. This includes a comprehensive suite of ETFs developed
in Canada for Canadians, such as cost effective core
equity ETFs following market leading indexes, and a broad range of
fixed income ETFs; solution-based ETFs responding to client demand;
and innovation with smart beta ETFs, as well as combining active
and passive investing with ETF series of active mutual funds.
|
1
|
Morningstar, October 2021
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About BMO Financial Group
Serving customers for
200 years and counting, BMO is a highly diversified financial
services provider - the 8th largest bank, by assets, in
North America. With total assets
of $971 billion as of July 31, 2021, and a team of diverse and highly
engaged employees, BMO provides a broad range of personal and
commercial banking, wealth management and investment banking
products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
SOURCE BMO Financial Group