Vanguard Announces Estimated 2016 Annual Capital Gains Distributions for the Vanguard ETFs

Listing: TSX (Toronto Stock Exchange)

Symbol: VCE, VCN, VDY, VRE, VAB, VSB, VSC, VFV, VSP, VUN, VUS, VGG, VGH, VXC, VDU, VEF, VE, VA, VEE, VBU, VBG, VIU, VI, VAH, VEH, VLQ, VVO, VMO, VVL

TORONTO, Nov. 24, 2016 /CNW/ - Vanguard Investments Canada Inc. today announced the estimated annual capital gains distributions for the Vanguard ETFs^® listed below for the 2016 tax year.  Please note that these are estimated amounts only as of November 4, 2016 and reflect forward-looking information which may cause the estimates to change before the ETFs' December 15, 2016 tax year-end. 

These estimates are for the year-end capital gains distributions only, which will be re-invested and the resulting units immediately consolidated, so that the number of units held by each investor will not change.  These estimates do not include estimates of ongoing monthly or quarterly distribution amounts. 

Vanguard expects to announce the final year-end distribution amounts, as well as the monthly and quarterly cash distribution amounts, on or about December 19, 2016.  The ex-dividend date for the 2016 annual distributions will be December 28, 2016.  The record date for the 2016 annual distributions will be December 30, 2016, payable on January 9, 2017.

Vanguard ETF	TSX Ticker Symbol	Net asset value (NAV) per unit as at November 4, 2016 ($)	Estimated annual capital gain per unit as at November 4, 2016 ($)	Estimated annual capital gain per unit as % of NAV at November 4, 2016
Vanguard FTSE Canada Index ETF	VCE	30.54	-	0.00%
Vanguard FTSE Canada All Cap Index ETF	VCN	29.32	-	0.00%
Vanguard FTSE Canadian High Dividend Yield Index ETF	VDY	30.39	-	0.00%
Vanguard FTSE Canadian Capped REIT Index ETF	VRE	28.11	0.380184	1.35%
Vanguard Canadian Aggregate Bond Index ETF	VAB	26.22	0.019661	0.07%
Vanguard Canadian Short-Term Bond Index ETF	VSB	24.62	-	0.00%
Vanguard Canadian Short-Term  Corporate Bond Index ETF	VSC	24.85	-	0.00%
Vanguard S&P 500 Index ETF	VFV	49.71	0.051606	0.10%
Vanguard S&P 500 Index ETF (CAD-hedged)	VSP	36.98	-	0.00%
Vanguard U.S. Total Market Index ETF	VUN	38.91	0.013523	0.03%
Vanguard U.S. Total Market Index ETF (CAD-hedged)	VUS	41.44	-	0.00%
Vanguard U.S. Dividend Appreciation Index ETF	VGG	37.13	0.026423	0.07%
Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged)	VGH	28.75	-	0.00%
Vanguard FTSE Global All Cap ex Canada Index ETF	VXC	29.74	0.201501	0.68%
Vanguard FTSE Developed All Cap ex U.S. Index ETF	VDU	30.16	-	0.00%
Vanguard FTSE Developed All Cap ex U.S. Index ETF (CAD-hedged)	VEF	33.69	-	0.00%
Vanguard FTSE Developed All Cap ex North America Index ETF	VIU	24.00	0.091799	0.38%
Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged)	VI	23.22	0.347547	1.50%
Vanguard FTSE Developed Europe All Cap Index ETF	VE	24.39	-	0.00%
Vanguard FTSE Developed Europe All Cap Index ETF (CAD-hedged)	VEH	24.07	0.315117	1.31%
Vanguard FTSE Developed Asia Pacific All Cap Index ETF	VA	29.77	-	0.00%
Vanguard FTSE Developed Asia Pacific All Cap Index ETF (CAD-hedged)	VAH	24.73	-	0.00%
Vanguard FTSE Emerging Markets All Cap Index ETF	VEE	29.47	-	0.00%
Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged)	VBU	25.54	-	0.00%
Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged)	VBG	27.02	-	0.00%
Vanguard Global Liquidity Factor ETF	VLQ	26.56	0.422537	1.59%
Vanguard Global Minimum Volatility ETF	VVO	25.31	-	0.00%
Vanguard Global Momentum Factor ETF	VMO	26.15	0.275507	1.05%
Vanguard Global Value Factor ETF	VVL	27.55	0.870130	3.16%

Forward-looking information
This notice contains forward-looking statements with respect to the estimated December 2016 capital gains distributions for the Vanguard ETFs.  By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements.  Material factors that could cause the actual distributions to differ from the estimated distributions include, but are not limited to, the actual amounts of distributions received by the Vanguard ETFs, portfolio transactions, currency hedging transactions, and subscription and redemption activity.

To learn more about TSX-listed Vanguard ETFs, please visit www.vanguardcanada.ca

About Vanguard
Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. and manages more than CAD 9 billion in assets. The Vanguard Group, Inc. is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages USD 3.8 trillion in global assets, including over USD 500 billion in global ETF assets (as of September 30, 2016). Vanguard has offices in the United States, Canada, Europe, Australia and Asia. The firm offers more than 350 funds, including ETFs, to its more than 20 million investors worldwide.

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and experience, low-cost investing, and client focus. For more information, please visit vanguardcanada.ca.

Commissions, management fees, and expenses all may be associated with investments in a Vanguard ETF^®. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard ETFs^® are managed by Vanguard Investments Canada Inc., an indirect wholly-owned subsidiary of The Vanguard Group, Inc., and are available across Canada through registered dealers.

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SOURCE Vanguard Investments Canada Inc.

Matt Gierasimczuk, Vanguard Canada Public Relations, Phone: [phone], [email protected]