TORONTO, Dec. 30, 2019 /CNW/ - Evolve Funds Group Inc.
("Evolve") announces the final special year end non-cash notional,
reinvested income and capital gains distribution per unit (the
"Distributions") for certain ETFs (the "Evolve ETFs") for the 2019
tax year.
These distributions are for the annual non-cash capital gains
and income distributions, which are typically reinvested in
additional units of the respective funds at the year-end, and do
not include estimates of ongoing monthly or quarterly cash
distribution amounts. The additional units will be immediately
consolidated with the previously outstanding units such that the
number of outstanding units following the distribution will equal
the number of units outstanding prior to the distribution.
The record date for the 2019 annual distributions will be
December 31, 2019. The actual taxable
amounts of reinvested and cash distributions for 2019, including
the tax characteristics of the distributions, will be reported to
brokers (through CDS Clearing and Depository Services Inc. or
"CDS") in early 2020.
Details regarding the "per unit" distribution amounts are as
follows:
Evolve
ETFs
|
Ticker
|
Final
Reinvested Income
Distribution
Per
Unit
|
Final
Reinvested
Capital Gains
Distribution
Per
Unit
|
Evolve Automobile
Innovation Index Fund
|
CARS
CARS.B
CARS.U
|
-
$0.0423109
$0.0085264
|
-
-
-
|
Evolve Cyber Security
Index Fund
|
CYBR
CYBR.B
CYBR.U
|
-
-
-
|
$0.255212912941176
$0.861792114285714
$1.4437396
|
Evolve Active Global
Fixed Income Fund
|
EARN
|
-
|
$0.31540518471279
|
Evolve Innovation
Index Fund
|
EDGE
|
$0.00731974
|
-
|
Evolve Active Core
Fixed Income Fund
|
FIXD
|
-
|
$0.016646083871
|
Evolve North American
Gender Diversity Index Fund
|
HERS
HERS.B
|
$0.0178
-
|
-
$0.5639968
|
Evolve Marijuana
Fund
|
SEED
|
-
|
$1.3012226122449
|
Sphere FTSE Emerging
Markets Sustainable Yield Index ETF
|
SHZ
|
$0.031160515
|
-
|
|
|
|
|
Distributions for the ETFs will vary from period to
period. For further information regarding the Distributions,
please visit www.evolveetfs.com
Commissions, management fees and expenses all may be
associated with exchange traded funds (ETFs). ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. There are risks involved with investing in ETFs.
Please read the prospectus for a complete description of risks
relevant to ETFs. Investors may incur customary brokerage
commissions in buying or selling ETF units. Please read the
prospectus before investing.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Evolve undertakes
no obligation to update publicly or otherwise revise any
forward-looking statement whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
About Evolve Funds Group Inc.
Evolve is one of
Canada's fastest growing ETF
providers since launching its first suite of ETFs via the Toronto
Stock Exchange in September 2017. Evolve is a leader in
thematic ETFs and specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors
with access to: (i) long term investment themes; (ii) index-based
income strategies; and (iii) some of the world's leading investment
managers. Established by a team of industry veterans with a
proven track record of success, Evolve creates investment products
that make a difference. For more information, please visit
www.evolveetfs.com.
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SOURCE Evolve ETFs