20:20:35 EDT Mon 29 Apr 2024
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Desjardins ETFs estimate 2023 reinvested distributions

2023-11-23 08:20 ET - News Release

See News Release (C-DCU) Desjardins Canadian Universe Bond Index ETF

An anonymous representative of Desjardins Global Asset Management reports

DESJARDINS ANNOUNCES 2023 ESTIMATED ANNUAL REINVESTED DISTRIBUTIONS FOR DESJARDINS ETFS

Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio adviser of the Desjardins exchange-traded funds (ETFs), has estimated annual reinvested income and/or capital gains distributions for the ETFs listed on the Toronto Stock Exchange. Unitholders of record on Dec. 29, 2023, will receive the reinvested distributions payable in respect of these ETFs on or about Jan. 8, 2024. 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 continuing periodic cash distribution amounts, which are being released in a separate press release.

Please note that these are estimated reinvested distributions only, based on data as of Oct. 31, 2023, and subject to further revisions to per-unit amounts prior to the record date. DGAM expects to issue a press release on or about Dec. 28, 2023, confirming the final amounts of the reinvested distributions for all ETFs. The amounts of the reinvested distributions are estimated amounts only and may vary between Nov. 23, 2023, and Dec. 28, 2023.

An attached table lists the ETFs that will pay distributions, as well as the estimated reinvested distribution amounts to be paid per unit.

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