Hamilton ETFs Confirms 2023 Annual Special Cash Distributions

TORONTO–(BUSINESS WIRE)–Hamilton Capital Partners Inc. (“Hamilton ETFs”) confirmed today the annual special cash distributions (“Special Cash Distributions”) for its suite of ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2023. Please note, this is an update to the estimated Special Cash Distributions previously announced on December 20, 2023.


ETFs are required to distribute any net income and capital gains earned in the year. The Special Cash Distributions will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETFs. Note, the amounts below do not include the regular cash distributions announced on December 20, 2023.

As noted and previously estimated, Hamilton ETFs confirmed that none of its ETFs will have an annual non-cash distribution for the 2023 tax year.

The record date for the Special Cash Distributions is December 29, 2023. The payment date for the Special Cash Distributions will be January 8, 2024. In early 2024, the tax characteristics of all 2023 distributions for the ETFs will be reported to brokers via CDS.

ETF Name

Ticker

Symbol

Final Special Cash

Distribution per Unit (1)(2)

Hamilton Australian Bank Equal-Weight Index ETF

HBA

$0.2530

Hamilton Canadian Bank Mean Reversion Index ETF

HCA

$0.1605

  1. The Special Cash Distribution for Hamilton Australian Bank Equal-Weight Index ETF listed in the table is expected to be comprised of capital gains.
  2. The Special Cash Distribution for Hamilton Canadian Bank Mean Reversion Index ETF listed in the table is expected to be comprised primarily of dividend income.

About Hamilton Capital Partners Inc. (Hamilton ETFs)

With over $3 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing ETF providers, offering a suite of innovative exchange traded funds (ETFs) designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial services sector and Canadian banks; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.

Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

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.

Contacts

For investor inquiries: Contact Hamilton ETFs at (416) 941-9888, [email protected]

For media inquiries: Contact Patrick Sommerville, Senior Partner, Head of Business Development, (416) 941-9250, [email protected]