GLOBAL X ANNOUNCES UNITHOLDER MEETINGS FOR PROPOSED CHANGES TO THREE ETFs

TORONTO, Jan. 22, 2025 /CNW/ - Global X Investments Canada Inc. ("Global X" or the "Manager") is announcing special meetings of unitholders of Global X Pipelines & Energy Services Index ETF ("PPLN"), Global X Semiconductor Index ETF ("CHPS") and Global X Canadian Utility Services High Dividend Index ETF ("UTIL", and together with PPLN and CHPS, the "ETFs"), at which unitholders of each ETF will be asked to consider and vote upon a proposal to approve changes to the investment objective of each ETF (the "Proposed Changes").

Special meetings of unitholders (each, a "Meeting" and collectively, the "Meetings") of the ETFs will be held at the offices of Blake, Cassels & Graydon LLP, Commerce Court West, 199 Bay Street, Suite 4000, Toronto, Ontario M5L 1A9 on February 27, 2025, at 10:00 a.m. (Toronto time). Unitholders of record of each ETF at the close of business on January 17, 2025, the record date for the Meetings, will be entitled to receive notice of and vote at the applicable Meeting.

Full details regarding the Meetings, the Proposed Changes, and other changes related to the Proposed Changes are included in a management information circular dated January 22, 2025, which will be available to unitholders of the ETFs at www.sedarplus.ca and www.GlobalX.ca. If all required approvals are obtained, the Proposed Changes will be implemented as soon as practicable after the Meetings.

The decision to propose the Proposed Changes follows an extensive review by the Manager of the activities of each ETF. The Manager has determined that it would be in the best interests of the ETFs and their Unitholders to approve the Proposed Changes.

The Manager presented the terms of the Proposed Changes to Independent Review Committee ("IRC") of the ETFs for its review. The IRC has determined, after reasonable inquiry, that the Proposed Changes would achieve a fair and reasonable result for each ETF, if implemented, and has provided to the Manager a positive recommendation in respect of the Proposed Changes.

Proposed Changes of Investment Objectives

The current and proposed investment objectives for each ETF are as follows:

ETF	Current Investment Objective	Proposed Investment Objective
PPLN	PPLN seeks to replicate, to the extent possible, the performance of the Solactive Pipelines & Energy Services Index, net of expenses. The Solactive Pipelines & Energy Services Index is designed to provide exposure to equity securities of certain Canadian oil and gas companies in the Midstream Sector.	PPLN seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an equal-weighted index designed to provide exposure to the largest Canadian Pipeline companies (currently, the Mirae Asset Equal Weight Canadian Pipeline Index).
CHPS	CHPS seeks to replicate, to the extent possible and net of expenses, the performance of an index that is designed to provide exposure to the performance of global, publicly listed companies engaged in the production and development of semiconductors and semiconductor equipment. Currently, CHPS seeks to replicate the performance of the Solactive Capped Global Semiconductor Index, net of expenses. CHPS seeks to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times.	CHPS seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an index designed to provide exposure to public companies listed on select US exchanges that are engaged in the AI semiconductor value chain (currently, the PHLX US AI Semiconductor Index).
UTIL	UTIL seeks to replicate, to the extent possible, the performance of an index that seeks to provide exposure to the performance of TSX-listed high dividend paying utility services companies. Currently, UTIL seeks to replicate the performance of the Solactive Canadian Utility Services High Dividend Index, net of expenses.	UTIL seeks to replicate, to the extent reasonably possible and net of expenses, the performance of an equal-weighted index designed to provide exposure to the largest Canadian utilities companies (currently, the Mirae Asset Equal Weight Canadian Utilities Index).

As set forth in the above proposed changes to the Investment Objectives of CHPS, if the Proposed Changes are approved and implemented, CHPS will no longer seek to hedge the U.S. dollar value of its portfolio to the Canadian dollar at all times as part of its fundamental investment objective.

Changes to ETF Names

If the Proposed Changes are approved and implemented, the Manager intends to change the names of the ETFs to the names set forth in the following table, or to such other names as the Manager deems appropriate at the time the Proposed Changes are implemented. The ticker symbols of each ETF will remain the same.

Ticker Symbol	Current ETF Name	Proposed New ETF Name
PPLN	Global X Pipelines & Energy Services Index ETF	Global X Equal Weight Canadian Pipelines Index ETF
UTIL	Global X Canadian Utility Services High Dividend Index ETF	Global X Equal Weight Canadian Utilities Index ETF
CHPS	Global X Semiconductor Index ETF	Global X Artificial Intelligence Semiconductor Index ETF

Changes to Management Fees

If the Proposed Changes are approved and implemented in respect of PPLN or UTIL, the Manager intends to reduce the Management Fees as follows:

Ticker Symbol	Current Management Fee	Proposed Management Fee
PPLN	0.55 %	0.25 %
UTIL	0.50 %	0.25 %

The current Management Fee for CHPS will not change in connection with the Proposed Changes.

Changes to Distribution Policy of PPLN

If the Proposed Changes are approved and implemented in respect of PPLN, the Manager intends to change the Distribution Policy of PPLN as follows:

Ticker Symbol	Current Distribution Policy	Proposed Distribution Policy
PPLN	It is anticipated that PPLN will make distributions to its respective Unitholders on a quarterly basis, at the discretion of the Manager. Such distributions will be paid in cash, unless a Unitholder is participating in the Reinvestment Plan.	It is anticipated that PPLN will make distributions to its respective Unitholders on a monthly basis. Such distributions will be paid in cash, unless a Unitholder is participating in the Reinvestment Plan.

The current distribution policy for each of UTIL and CHPS will not change in connection with the Proposed Changes.

Notice and Access

As permitted under Canadian securities legislation, the Manager has opted to use a notice-and-access procedure (the "Notice-and-Access Procedure") to reduce the volume of paper in the materials distributed for the Meetings and to potentially encourage a higher voting participation rate among unitholders of the ETFs. The Manager is sending proxy-related materials using the Notice-and-Access Procedure directly to unitholders, which includes registered unitholders and beneficial unitholders whose securities are held by an intermediary.

For further information regarding the ETFs, please visit www.GlobalX.ca.

About Global X Investments Canada Inc. (www.GlobalX.ca)

Global X Investments Canada Inc. ("Global X") is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X Fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $38 billion of assets under management and 134 ETFs listed on major Canadian stock exchanges. Global X is a wholly-owned subsidiary of the Mirae Asset Financial Group, which manages more than $800 billion of assets across 19 countries and global markets around the world.

Commissions, management fees and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their value changes frequently and past performance may not be repeated. Certain Global Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. Please read the relevant prospectus before investing.

The Global X ETFs are not sponsored, endorsed, sold, or promoted by S&P, TSX, NASDAQ MX Group, or Morningstar and their affiliated companies and none of these parties make any representation, warranty, or condition regarding the advisability of buying, selling or holding units shares in the Global X ETFs. All trademarks/service marks are registered by their respective owners. None of the owners thereof or any of their affiliates sponsor, endorse, sell, promote or make any representation regarding the advisability of investing in the Global X ETFs. Complete trademark and service-mark information are available at https://www.globalx.ca/disclaimers. 

Nasdaq®, Nasdaq-100^®, and Nasdaq-100 Index^® are trademarks of The Nasdaq Stock Market, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Global X Investments Canada Inc. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Mirae Asset Global Index Private Limited (an affiliate of the Manager) owns all rights to the trademark, name and intellectual property associated with the Underlying Indices of the Index ETFs (in this disclaimer, the "Mirae Asset Indices"). No representation is made by Mirae Asset Global Index Private Limited that the Mirae Asset Indices are accurate or complete or that investment in a Mirae Asset Index or an Index ETF will be profitable or suitable for any person. The Mirae Asset Indices are administered and calculated by Mirae Asset Global Index Private Limited and Mirae Asset Global Index Private Limited will have no liability for any error in the calculation of the Mirae Asset Indices. Mirae Asset Global Index Private Limited does not guarantee that the Mirae Asset Indices or their underlying methodology is accurate or complete.

The financial instrument is not sponsored, promoted, sold, or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products managed by Global X Investments Canada Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group.  Global X is a corporation existing under the laws of Canada and is the manager and investment manager of the Global X Funds.

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SOURCE Global X Investments Canada Inc.

For investor inquiries: Please contact Global X at 1-866-641-5739 (toll-free) or [phone], [email protected]; For media inquiries: Contact Jonathan McGuire, Vice President, Communications, Global X Investments Canada Inc., [phone], [email protected]