TORONTO, Dec. 19, 2017 /CNW/ - Sphere Investment Management Inc. announces the following distributions per unit for December 2017, including special cash and non-cash distributions for the 2017 tax year-end, to all unitholders of record on December 29, 2017.
Sphere ETF |
SYMBOL |
Ongoing Cash |
Special Cash |
Annual Non |
Sphere FTSE Asia Sustainable Yield Index ETF |
SHA |
0.09241 |
0.15345 |
0.66234 |
Sphere FTSE Canada Sustainable Yield Index ETF |
SHC |
0.11658 |
- |
0.03892 |
Sphere FTSE Emerging Sustainable Yield Index ETF |
SHZ |
0.11109 |
- |
0.14495 |
Sphere FTSE Europe Sustainable Yield Index ETF |
SHE |
0.11138 |
- |
- |
Sphere FTSE US Sustainable Yield Index ETF |
SHU |
0.08175 |
0.03706 |
1.49717 |
It is expected that all cash distributions and special cash distributions, as applicable, will be paid to unitholders on or about January 12, 2018.
The annual non-cash distributions (column 3 in the table above) will not be paid in cash, but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investors will not change. These special distributions generally consist of capital gains only. It is expected that the annual non-cash distribution will be effective on or about January 12, 2018.
In addition, per the December 11, 2017 unitholder approval for the merger of Sphere FTSE Asia Sustainable Yield Index ETF (SHA) and Sphere FTSE US Sustainable Yield Index ETF's (SHU) into Sphere FTSE Canada Sustainable Yield Index ETF (SHC), there will be separate and additional special distributions paid to unitholders of SHA and SHU on or about January 12, 2018. Final amounts for these additional special distributions will be announced prior to the effective date of the merger in early January, 2018.
This communication is intended for informational purposes only. Commissions, trailing commission, management fees and expenses all may be associated with ETF investments. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and other decisions should be made, as appropriate, only with guidance from a qualified professional.
About Sphere Investments
Sphere Investment Management Inc. (SIMI) is the provider of an integrated wealth management platform based on ETFs. Founded in 2015, Sphere was established with a philosophy of providing Canadians with leading investment solutions based on factor-tilted methodologies that are: innovative, diversified, low cost, tax efficient, transparent and tailored to investor risk/return profiles. For more information, visit: sphereetfs.com
SOURCE Sphere Investments
![](https://rt.newswire.ca/rt.gif?NewsItemId=C4211&Transmission_Id=201712191600CANADANWCANADAPR_C4211&DateId=20171219)
Media Contact: John Durfy, Chief Financial Officer, Sphere Investment Management Inc., e: [email protected], o: 416.687.5436
Share this article