21:21:24 EST Thu 27 Jan 2022
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Evolve ETFs manager estimates annual distributions

2021-11-30 18:00 ET - News Release

See News Release (C-SIXT) Evolve S&P/TSX 60 Cleanbeta Fund

Mr. Keith Crone reports


Evolve Funds Group Inc. has released the estimated special year-end non-cash notional, reinvested income and capital gains per-unit distributions for certain exchange-traded funds (the Evolve ETFs) for the 2021 tax year, as shown in the attached table. Please note that these are estimated amounts only as of Nov. 12, 2021, and could change due to events that occur between the date of these estimates and the date of the funds' taxation year-end. These events may include market movements, portfolio turnover, change in the amount of income earned, and subscriptions or redemptions of units prior to the ex dividend date.

These estimates are for the annual non-cash capital gains and income distributions, which are typically reinvested in additional units of the respective funds at the year-end, and do not include estimates of continuing monthly or quarterly cash distribution amounts. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will equal the number of units outstanding prior to the distribution. The reinvestment and immediate consolidation of additional units will result in an increase in the adjusted cost base of units outstanding.

Evolve expects to announce the final annual reinvested distribution amounts on or about Dec. 30, 2021, for all funds. The record date for the 2021 annual reinvested distributions will be Dec. 30, 2021. The actual taxable amounts of reinvested and cash distributions for 2021, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc.) in early 2022.

Details regarding the per-unit distribution amounts are shown in the attached table.

Distributions for the funds will vary from period to period. For further information regarding the distributions, please visit the Evolve website.

Commissions, management fees and expenses all may be associated with ETFs. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETF units. Please read the prospectus before investing.

About Evolve Funds Group Inc.

With over $2-billion in assets under management, Evolve is one of Canada's fastest-growing ETF providers since launching its first ETF in September, 2017. Evolve is a leader in thematic ETFs and specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) long-term investment themes; (ii) index-based income strategies; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a proven record of success, Evolve creates investment products that make a difference.

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