Montreal, October 30, 2020 - 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 1-5 year Laddered Canadian Corporate Bond Index ETF (TSX : DCC) and Desjardins RI USA - Low CO2 Index ETF (TSX : DRMU) as of September 30, including such gains and income for the period December 31, 2019 to September 30, 2020, became payable to Unitholders as of September 30, 2020, except to the extent of net realized capital gains in respect of which the tax payable by DCC and DRMU would be refunded as a "capital gains refund". Accordingly, DGAM announces the following additional reinvested distributions of DCC and DRMU.

Prior to September 30, 2020, DCC and DRMU were considered a "financial institution" for purposes of the "mark-to-market" rules in the Income Tax Act (Canada), since (i) more than 50% of the fair market value of all interests in each ETF were held by one or more such financial institutions and (ii) DCC and DRMU did not qualify as "mutual fund trusts" for purposes of the Income Tax Act (Canada). It was determined that DCC and DRMU qualified as "mutual fund trusts" as of September 30, 2020 and ceased to be "financial institutions" as at such date for these purposes, therefore they were deemed to have taxation year-end immediately before that time. As a result, Unitholders of record on September 30, 2020 became entitled to the reinvested distributions, which were payable on September 30, 2020. 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 ETFs 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 for each ETF:


To obtain additional information about the Desjardins ETFs, visit the manager's website at

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.

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