Montreal, December 22, 2020 - 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 income and/or capital gains distributions (the "reinvested distributions") for the ETFs listed on the TSX. Unitholders of record on December 31, 2020 will receive the reinvested distributions payable in respect of these ETFs on or about January 8, 2021. The reinvested distributions will be reinvested in units of the applicable ETF and the resulting units will be immediately consolidated, so that 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 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, 2020 confirming the final amounts of the reinvested distributions for all ETFs (subject to further revisions to 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 22, 2020 and December 30, 2020.
Here is a list of the ETFs that will pay distributions, as well as the estimated reinvested distribution amount to be paid per unit:
1 The reinvested distributions for the ETF are expected to be income in nature.
2 The reinvested distributions for the ETF are expected to be capital gains in nature.
To obtain additional information about the Desjardins ETFs, visit the manager's website at 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.