Ms. Aysha Mawani reports
INVESCO ANNOUNCES ESTIMATED 2017 ANNUAL DISTRIBUTIONS FOR CANADIAN-LISTED POWERSHARES
Invesco has provided estimated 2017 annual distributions for its PowerShares exchange-traded funds (ETFs). Unitholders of record on Dec. 28, 2017, will receive these distributions, which will generally consist of capital gains only. The distributions will be reinvested and the resulting units 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 investments.
Note that these figures are estimates only, as of Oct. 27, 2017, and are subject to change prior to the Dec. 15, 2017, taxation year-end of the ETFs. These estimates are for annual amounts only and do not include estimates of continuing monthly or quarterly cash distributions.
Final year-end distribution amounts, as well as the continuing monthly and quarterly cash distribution amounts, will be announced on or about Dec. 15, 2017. The tax characteristics for all distributions declared in 2017 will be reported before the end of February, 2018.
PowerShares ETF name (1) Ticker Distribution
symbol* per unit ($)
Asset allocation
PowerShares Low Volatility Portfolio ETF PLV 0.07
Fixed income
PowerShares 1-10 Year Laddered Investment
Grade Corporate Bond Index ETF PIB 0.00
PowerShares 1-3 Year Laddered Floating
Rate Note Index ETF PFL 0.00
PowerShares 1-5 Year Laddered Investment
Grade Corporate Bond Index ETF PSB 0.00
PowerShares Fundamental High Yield
Corporate Bond Index ETF -- CAD hedged PFH.F 0.00
PowerShares LadderRite U.S. 0-5 Year
Corporate Bond Index ETF - CAD USB 0.00
PowerShares LadderRite U.S. 0-5 Year
Corporate Bond Index ETF -- USD USB.U 0.00
PowerShares Senior Loan Index ETF -- CAD BKL.C 0.00
PowerShares Senior Loan Index ETF -- CAD hedged BKL.F 0.00
PowerShares Senior Loan Index ETF -- USD BKL.U 0.00
PowerShares Tactical Bond ETF PTB 0.00
PowerShares Ultra Liquid Long Term
Government Bond Index ETF PGL 0.00
Equity income
PowerShares Canadian Dividend Index ETF PDC 0.61
PowerShares Canadian Preferred Share Index ETF PPS 0.00
PowerShares Global Shareholder Yield ETF -- CAD PSY 0.00
PowerShares Global Shareholder Yield ETF -- USD PSY.U 0.00
PowerShares S&P 500 High Dividend
Low Volatility Index ETF - CAD UHD 0.25
PowerShares S&P 500 High Dividend
Low Volatility Index ETF - CAD hedged UHD.F 0.25
PowerShares S&P 500 High Dividend
Low Volatility Index ETF -- USD UHD.U 0.20
PowerShares S&P Global ex. Canada
High Dividend Low Volatility Index ETF -- CAD GHD 0.07
PowerShares S&P Global ex. Canada High Dividend
Low Volatility Index ETF -- CAD hedged GHD.F 0.07
PowerShares S&P/TSX REIT Income Index ETF REIT 0.00
Low-volatility equity
PowerShares S&P 500 Low Volatility
Index ETF -- CAD ULV.C 1.05
PowerShares S&P 500 Low Volatility
Index ETF -- CAD hedged ULV.F 1.05
PowerShares S&P 500 Low Volatility
Index ETF -- USD ULV.U 0.82
PowerShares S&P Emerging Markets
Low Volatility Index ETF ELV 0.00
PowerShares S&P International Developed
Low Volatility Index ETF ILV 0.00
PowerShares S&P/TSX Composite
Low Volatility Index ETF TLV 0.31
Fundamental index methodology equity
PowerShares FTSE RAFI Canadian
Fundamental Index ETF PXC 0.38
PowerShares FTSE RAFI Canadian Small-Mid
Fundamental Index ETF PZC 1.49
PowerShares FTSE RAFI Global Small-Mid
Fundamental ETF -- CAD PZW 0.09
PowerShares FTSE RAFI Global Small-Mid
Fundamental ETF -- USD PZW.U 0.07
PowerShares FTSE RAFI Global+
Fundamental Index ETF -- CAD PXG 0.00
PowerShares FTSE RAFI Global+
Fundamental Index ETF -- USD PXG.U 0.00
PowerShares FTSE RAFI U.S. Fundamental
Index ETF II -- CAD PXS 0.00
PowerShares FTSE RAFI U.S. Fundamental
Index ETF II -- USD PXS.U 0.00
PowerShares FTSE RAFI U.S. Fundamental
Index ETF -- CAD hedged PXU.F 2.20
Momentum equity
PowerShares DWA Global Momentum
Index ETF -- CAD DWG 0.00
PowerShares DWA Global Momentum
Index ETF -- CAD hedged DWG.F 0.00
PowerShares DWA Global Momentum
Index ETF -- USD DWG.U 0.00
U.S. equity
PowerShares QQQ Index ETF -- CAD hedged QQC.F 3.17
(1) On Jan. 12, 2017, the following name and ticker changes were made:
PowerShares Senior Loan (CAD Hedged) Index ETF (BKL) became PowerShares
Senior Loan Index ETF (BKL.F); PowerShares Fundamental High Yield Corporate
Bond (CAD Hedged) Index ETF (PFH) became PowerShares Fundamental High Yield
Corporate Bond Index ETF (PFH.F); PowerShares S&P 500 Low Volatility
(CAD Hedged) Index ETF (ULV) became PowerShares S&P 500 Low Volatility
Index ETF (ULV.F); PowerShares U.S. Fundamental (CAD Hedged) Index ETF (PXU)
became PowerShares U.S. Fundamental Index ETF (PXU.F); PowerShares QQQ
(CAD Hedged) Index ETF (QQC) became PowerShares QQQ Index ETF (QQC.F); and
PowerShares FTSE RAFI U.S. Fundamental Index ETF (PXS) became PowerShares
FTSE RAFI U.S. Fundamental Index ETF II.
On May 11, 2017, two additional series were offered on PowerShares Senior
Loan Index ETF (BKL.F): BKL.C (CAD unhedged) and BKL.U (USD).
* A ticker symbol ending with .U represents U.S.-dollar-denominated units.
Distributions are paid in U.S. dollars. U.S.-dollar-denominated units do not
provide a currency hedge between the Canadian dollar and the U.S. dollar.
The tax composition of the PowerShares ETFs' distributions will be determined on an annual basis and will only be available after the PowerShares ETFs' tax year-end.
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