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

TORONTO , Dec. 20, 2023 /CNW/ - Scotia Global Asset Management today announced the estimated year-end reinvested distributions for the Scotia ETFs listed on the NEO Exchange for the 2023 tax year. Please note that these are estimated amounts only and have been calculated based upon information as of December 15, 2023.  The final distributions may change due to subscriptions or redemptions activity before the ex-dividend date or other factors.

These are estimated year-end distributions which will be reinvested in additional units of the respective Scotia ETFs and do not include any cash distribution amounts for December. 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.

We expect to announce the final year-end reinvested distribution amounts on or about December 28, 2023. The record date for the 2023 year-end distributions will be December 29, 2023, payable on January 8, 2024.

The actual taxable amounts of reinvested 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 contact their brokerage firm for this information.

The estimated reinvested distribution amounts per unit and payable dates 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	0.00000
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	0.08102
Scotia Responsible Investing International Equity Index ETF	SRII	0.00793
Scotia Responsible Investing U.S. Equity Index ETF	SRIU	0.62879
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 final distributions to differ materially from the estimated distributions in this notice. Factors that could cause the actual distributions to differ include, but are not limited to, the actual amounts of distributions received by the Scotia ETFs; trading activity within the Scotia ETFs, including buying and selling of securities; and subscription and redemption activity.

For more information on the Scotia ETF, 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's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, 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 assets of approximately $1.4 trillion (as at October 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