An anonymous director of Vanguard Investments reports

VANGUARD ANNOUNCES CASH DISTRIBUTIONS FOR THE VANGUARD ETFS (VCE, VCN, VDY, VRE AND VAB)

Vanguard Investments Canada Inc. declared today the final September, 2014, cash distributions for certain Vanguard ETFs listed herein that trade on the Toronto Stock Exchange. Unitholders of record on Sept. 26, 2014, will receive cash distributions payable on Oct. 1, 2014. Details of the per-unit distribution amounts are as set out in the attached table.

                                 SEPTEMBER DISTRIBUTIONS
Vanguard ETF                                                  TSX   Distribution  Payment frequency
                                                           ticker    per unit ($)
                                                           symbol

Vanguard FTSE Canada Index ETF                                VCE       0.200691          Quarterly
Vanguard FTSE Canada All Cap Index ETF                        VCN       0.163548          Quarterly
Vanguard FTSE Canadian High Dividend Yield Index ETF          VDY       0.082392            Monthly
Vanguard FTSE Canadian Capped REIT Index ETF                  VRE       0.053826            Monthly
Vanguard Canadian Aggregate Bond Index ETF                    VAB       0.056895            Monthly