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TORONTO – November 14, 2022 – 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 2022 tax year. Please note that these are estimated amounts only as of October 15, 2022, as listed below.. These amounts reflect forward looking information and 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 22, 2022. The record date for these distributions is December 30, 2022. The actual taxable amounts distributed by the ETFs in 2022, including the tax characteristics of these amounts, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2023.
Details of the estimated per-unit distribution amounts as of October 15, 2022 are as follows: