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TORONTO – December 11, 2020 - Mackenzie Investments today announced the estimated year-end reinvested distributions for its exchange-traded funds (“ETFs”) that trade on the Toronto Stock Exchange (“TSX”) and Aequitas NEO Exchange (“NEO”) for the 2020 tax year. Please note that these are estimated amounts only as of November 15, 2020 and reflect forward looking information. The actual reinvested distributions may differ materially from these estimates.
These are estimated distributions of undistributed net income and/or capital gains. The distributions will be reinvested in additional units of the respective ETFs and do not include estimates of ongoing monthly, quarterly, semi-annual or annual cash distribution amounts. The additional units will be immediately consolidated with the units previously outstanding, so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.
Mackenzie Investments expects to announce the final year-end reinvested distribution amounts for its ETFs on or about December 23, 2020. The record date for these distributions is December 31, 2020. The actual taxable amounts distributed by the ETFs in 2020, including the tax characteristics of these amounts, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2021.
Details of the estimated per-unit distribution amounts are as follows: