TORONTO, Jan. 4, 2021 /CNW/ - Scotia Global Asset
Management today announced revised year-end reinvested
distributions for the Scotia Index Tracker ETFs listed on the NEO
for the 2020 tax year. Details of the revised reinvested
distribution rates, which replace those announced on December 30, 2020, are indicated in the table
below. Unitholders of record on December 31,
2020 will receive the revised reinvested distributions for
the respective Scotia Index Tracker ETFs.
The reinvested distributions will be automatically reinvested in
additional units of the respective Scotia Index Tracker ETFs. 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.
The actual taxable amounts of cash and reinvested distributions
for 2020, including the tax characteristics of the distributions,
will be reported to CDS Clearing and Depository Services Inc. in
early 2021. Shareholders can contact their brokerage firm for this
information.
The revised reinvested distribution amounts per unit and payable
dates are:
Scotia ETF
name
|
Ticker
symbol
|
Revised
reinvested
distribution per
unit ($)
|
Payable
date
|
Scotia Canadian Bond
Index ETF Tracker
|
SITB
|
0.083
|
January 8,
2021
|
Scotia U.S. Equity
Index Tracker ETF
|
SITU
|
0.804
|
January 8,
2021
|
Scotia International
Equity Index Tracker ETF
|
SITI
|
2.506
|
January 8,
2021
|
For more information on the Scotia Index Tracker ETFs, please
visit here.
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.
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
$1.1 trillion (as at October 31, 2020), 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.
SOURCE Scotiabank