Montreal, December 19, 2019 -
Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announces today the estimated annual reinvested capital gains distributions for the Desjardins ETFs listed on the TSX. Unitholders of record on December 31, 2019 will receive the capital gains distributions payable in respect of these ETFs on or about January 8, 2020. The capital gains distributions will be reinvested and the resulting units will be immediately consolidated, so the number of units held by each investor will not change. Investors holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their units.
These estimated amounts are for the reinvested capital gains distributions only, and do not include the ongoing periodic cash distribution amounts which are being announced in a separate press release.
DGAM expects to issue a press release on or about December 30, 2019 confirming the final amounts of the reinvested distributions for all ETFs (subject to further revisions per unit amounts resulting from subscription and redemption activity prior to the record date). The amounts of the reinvested distributions are estimated amounts only and may vary between December 19, 2019 and December 31, 2019. These reinvested distributions generally consist of capital gains only.
Here is a list of the Desjardins ETFs that will pay distributions, as well as the estimated reinvested distribution amount to be paid per unit:
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.