Hamilton ETFs Announces December 2024 and Estimated Non-Cash Distributions
TORONTO--(BUSINESS WIRE)--December 20, 2024--
Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the regular cash and an update to its estimated annual non-cash distributions for its suite of ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2024.
Regular cash distributions
Distributions may vary from period to period.
The ex-dividend date for these distributions is anticipated to be December 31, 2024, for all unitholders of record on December 31, 2024. The distributions will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan $(DRIP)$, reinvested in additional units of the ETF, on or about January 8, 2025.
Name Ticker Regular Cash Frequency
Distribution per unit
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Hamilton Global Financials ETF HFG $0.0700 Monthly
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Hamilton Canadian Bank Mean HCA $0.0960 Monthly
Reversion Index ETF
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Hamilton Canadian Bank HEB $0.0690 Monthly
Equal-Weight Index ETF
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Hamilton Enhanced Canadian Bank HCAL $0.1270 Monthly
ETF
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Hamilton Enhanced Canadian HFIN $0.0750 Monthly
Financials ETF
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Hamilton Enhanced Utilities ETF HUTS $0.0760 Monthly
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Hamilton Enhanced Multi-Sector HDIV $0.1710 Monthly
Covered Call ETF
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Hamilton Enhanced U.S. Covered HYLD $0.1430 Monthly
Call ETF
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HYLD.U $0.1430 Monthly
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Hamilton Canadian Financials HMAX $0.1690 Monthly
YIELD MAXIMIZER$(TM)$ ETF
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Hamilton Utilities YIELD UMAX $0.1690 Monthly
MAXIMIZER(TM) ETF
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Hamilton U.S. Bond YIELD HBND $0.1310 Monthly
MAXIMIZER(TM) ETF
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HBND.U $0.1340 Monthly
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Hamilton U.S. Equity YIELD SMAX $0.1730 Monthly
MAXIMIZER(TM) ETF
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Hamilton Technology YIELD QMAX $0.2020 Monthly
MAXIMIZER(TM) ETF
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Hamilton Gold Producer YIELD AMAX $0.1680 Monthly
MAXIMIZER(TM) ETF
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Hamilton Energy YIELD EMAX $0.1660 Monthly
MAXIMIZER(TM) ETF
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Hamilton U.S. Financials YIELD FMAX $0.1630 Monthly
MAXIMIZER(TM) ETF
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Hamilton Healthcare YIELD LMAX $0.1570 Monthly
MAXIMIZER(TM) ETF
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Hamilton REITs YIELD RMAX $0.1370 Monthly
MAXIMIZER(TM) ETF
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Hamilton U.S. T-Bill YIELD HBIL $0.0950 Monthly
MAXIMIZER(TM) ETF
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HBIL.U $0.0950 Monthly
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Hamilton Australian Bank HBA $0.3100 Quarterly
Equal-Weight Index ETF
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Hamilton U.S. Mid-Cap Financials HUM $0.1000 Quarterly
ETF
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Updated Estimated Non-Cash Distributions
Hamilton ETFs also announces today an update to its estimated non-cash distributions to be paid to ETF unitholders for the 2024 tax year (see table below). Please note this is an update to the estimated non-cash distributions previously announced on December 5, 2024.
ETFs are required to distribute any net income and capital gains earned in the year. The distributions labeled as "Estimated Annual Non-Cash Distribution per Unit" in the table below (each a "Non-Cash Distribution" and together, "Non-Cash Distributions") will not be paid in cash, but will be automatically reinvested in additional units of the respective ETFs, and immediately consolidated so that the number of units held by the unitholder and the net asset value of the ETFs will not change. The Non-Cash Distributions will be reported as taxable distributions and will be used to increase each unitholder's adjusted cost base for the respective ETF. The Non-Cash Distribution rates in the table below are presented on an estimated basis. A press release confirming the final Non-Cash Distributions will be disseminated on or about the record date of the distributions.
The ex-dividend date for the Non-Cash Distributions and any potential annual non-cash distributions is anticipated to be December 31, 2024, for all unitholders of record on December 31, 2024. In early 2025, the tax characteristics of all 2024 distributions will be reported to brokers via CDS.
Estimated Annual Non-Cash
Name Ticker Distributions per Unit (1)
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Hamilton Global Financials ETF HFG $1.8260
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Hamilton U.S. Mid-Cap Financials
ETF HUM $2.5520
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Hamilton Canadian Bank
Equal-Weight Index ETF HEB $0.1255
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1.
The Non-Cash Distributions listed in the table are expected to be
comprised of capital gains.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
With approximately $7 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.
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CONTACT:
For investor inquiries: Contact Hamilton ETFs at (416) 941-9888, info@hamiltonetfs.com
For media inquiries: Contact Louis Ribieras, Director, Marketing, (416) 941-9996, lribieras@hamiltonetfs.com
(END) Dow Jones Newswires
December 20, 2024 17:00 ET (22:00 GMT)