Montreal, May 10, 2019 - Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announces that all previously undistributed net realized capital gains and net income of Desjardins RI Active Canadian Bond - Low CO2 ETF (TSX: DRCU) as of March 18, 2019, including such gains and income for the period December 31, 2018 to March 18, 2019, became payable to Unitholders as of March 18, 2019, except to the extent of net realized capital gains in respect of which the tax payable by DRCU would be refunded as a "capital gains refund". Accordingly, DGAM announces the following additional reinvested distributions of DRCU.

Prior to March 18, 2019, DRCU was considered a "financial institution" for purposes of the "mark-to-market" rules in the Income Tax Act (Canada), since more than 50% of the fair market value of all interests in the ETF were held by one or more such financial institutions. It was determined that, as at March 18, 2019, DRCU ceased to be a "financial institution" for these purposes, and it was deemed to have taxation year-end immediately before that time. As a result, Unitholders of record on March 18, 2019 became entitled to the reinvested distributions, which were payable on March 18, 2019. These distributions were not paid in cash and instead were automatically reinvested in additional units. Those additional units were immediately consolidated, so the number of units held by each investor, except in the case of a non-resident Unitholder to the extent tax was required to be withheld in respect of the distribution, did not change as a result of the distribution. In addition, the net asset value of the ETF did not change as a result of the distribution. Investors holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their units.

Below is the reinvested distributions paid per unit:

Exchange Traded Funds (ETF)Ticker symbols
(TSX)
Income as reinvested distribution
per unit ($)
Desjardins RI Active Canadian Bond - Low CO2 ETFDRCU 0.5288

For information about Desjardins ETFs, visit the manager's website a www.desjardinsETF.com.

The Desjardins Exchange Traded Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Please read the prospectus before investing. Desjardins Global Asset Management Inc. is the manager and portfolio manager of the Desjardins Exchange Traded Funds. The Desjardins Exchange Traded Funds are offered by registered dealers.

For journalists only: Jacques Bouchard
514 281-0844 or 1 866-866-7000, ext. 5557940
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