Scotia Global Asset Management announces estimated year-end reinvested distributions for Scotia ETFs

TORONTO, Nov. 24, 2023 /CNW/ - Scotia Global Asset Management today announced the estimated year-end reinvested distributions for the Scotia ETFs listed on the NEO for the 2023 tax year.

These distributions are typically reinvested in additional units of the respective Scotia ETF at year end, and do not include estimates of any monthly and/or quarterly cash distributions for the remainder of the year. The additional units will be immediately consolidated so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.

These are estimated amounts only and have been calculated based upon forward-looking information as of October 31, 2023, so the actual distributions may differ materially from these estimates. We expect to announce updated estimates of the year-end reinvested distribution amounts (as well as any monthly and/or any quarterly cash distribution amounts, as applicable) on or about December 20, 2023. The record date for the 2023 final year-end distributions will be December 29, 2023, payable on January 8, 2024.

The actual taxable amounts of reinvested and cash distributions for 2023, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2024. Securityholders can reach out to their brokerage firm for this information.

The estimated reinvested distribution amounts are:

Scotia ETF name	Ticker symbol	Estimated reinvested distribution per  unit ($)
Scotia Canadian Bond Index Tracker ETF	SITB	0.00000
Scotia Canadian Large Cap Equity Index Tracker ETF	SITC	0.42765
Scotia Emerging Markets Equity Index Tracker ETF	SITE	0.00000
Scotia International Equity Index Tracker ETF	SITI	0.00000
Scotia Responsible Investing Canadian Bond Index ETF	SRIB	0.00000
Scotia Responsible Investing Canadian Equity Index ETF	SRIC	0.15958
Scotia Responsible Investing International Equity Index ETF	SRII	0.00000
Scotia Responsible Investing U.S. Equity Index ETF	SRIU	0.36924
Scotia U.S. Equity Index Tracker ETF	SITU	0.00000

Forward-looking information
This notice contains forward-looking statements with respect to the year-end reinvested distributions for the Scotia ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions set forth in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and the Scotia ETFs' tax year-end include, but are not limited to, the trading activity within the Scotia ETFs, and subscription and redemption activity.

For more information on the Scotia ETFs, please visit here.

Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments, including ETFs.  Please read the prospectus before investing. Mutual funds and ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.

About Scotia Global Asset Management
Scotia Global Asset Management includes 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, and investment solutions for private clients, institutions, and managed asset programs. For more information, please visit www.scotiagam.com.

About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of over 90,000 employees and assets of over $1.4 trillion (as at July 31, 2023), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on X @Scotiabank.

SOURCE Scotiabank

For media enquiries, please contact: Alex Mathias, Global Wealth Management Communications, Scotiabank, [email protected], 647-537-8036