TORONTO, Jan. 2, 2024
/CNW/ - Evolve Funds Group Inc. ("Evolve") announces an
amendment to the final special year end cash income and non-cash
notional reinvested income per unit (the "Distributions")
for certain Funds (the "Evolve Funds") for the 2023 tax
year.
The annual non-cash income distributions are reinvested in
additional units of the respective Evolve 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 2023 annual distributions will be
December 29, 2023. Unitholders of
Evolve Funds on record date will receive cash distributions payable
on or about January 8, 2024. The
actual taxable amounts of reinvested and cash distributions for
2023, including the tax characteristics of the distributions, will
be reported to brokers (through CDS Clearing and Depository
Services Inc. or "CDS") in early 2024.
Details regarding the amended "per unit" distribution amounts
are as follows:
|
Evolve
Funds
|
Ticker
|
Final Reinvested
Income Distribution Per Unit
|
Currency
|
|
EVOLVE INNOVATION INDEX
FUND
|
EDGE.U
|
$0.00741
|
USD
|
|
|
|
|
|
Evolve
Funds
|
Ticker
|
Final Cash Income
Distribution Per Unit
|
Currency
|
|
US HIGH INTEREST
SAVINGS ACCOUNT FUND
|
HISU.U
|
$0.02982
|
USD
|
|
|
|
|
Distributions for the Funds 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.
With over $7.8 billion in assets
under management, Evolve is one of Canada's fastest growing ETF providers since
launching its first ETF in September
2017. Evolve specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors with
access to: (i) index-based income strategies; (ii) long term
investment themes; 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
