Evolve’s estimates of non-cash capital gain and income distributions are for information purposes only, to aid with year-end tax and investment planning. These estimates are based on both preliminary and forward-looking information. Actual distributions may differ significantly from the estimates and some of the funds may pay distributions above or below these estimated ranges, and funds not currently expected to pay could be required to do so. These estimates are not intended to be used as tax advice. Because each investor’s tax situation is unique, a qualified tax advisor should be consulted.
These estimates are for the annual non-cash capital gains and income distributions, which are typically reinvested in additional units of the respective funds at the year-end, and do not include estimates of ongoing monthly or quarterly cash distribution amounts. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will equal the number of units outstanding prior to the distribution.
Evolve expects to announce the final annual reinvested distribution amounts on or about December 30th, 2022 for the High Interest Savings Account Fund and US High Interest Savings Account Fund and on or about December 27, 2022, for all other Evolve funds. The record date for the 2022 annual distributions will be December 29th, 2022. The actual taxable amounts of reinvested and cash distributions for 2022, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) in early 2023.
The estimates are as of October 28, 2022 and could change due to events that occur between the date of these estimates and the date of the funds’ taxation year end of December 31st, 2022 for the High Interest Savings Account Fund and US High Interest Savings Account Fund and of December 15, 2022 for all other Evolve funds, and due to a number of factors.
These events and factors may include the following:
- The full measurement period is not captured by these estimates.
- Portfolio trading and market movements over the next several weeks.
- Estimates are indicated on a per-share basis. Changes in a number of shares outstanding can have a significant impact on these estimates.
- These estimates do not reflect all required tax adjustments. Certain tax adjustments are based on market value at a point in time and, therefore, cannot be estimated. Actual distribution amounts will be affected by all required tax adjustments and may be substantially different from these estimates.
- The period for the funds’ taxation year may not correspond with the funds’ fiscal year. This misalignment can have an impact on the amounts distributed and their tax characteristics. To estimate the dollar value of a distribution for a fund, multiply the fund’s total per-share distribution estimate by the number of shares owned.
Details regarding the “per unit” distribution amounts are as follows:
|EVOLVE FUNDS||TICKER/FUND CODE||ESTIMATED REINVESTED INCOME DISTRIBUTION PER UNIT||ESTIMATED REINVESTED CAPITAL GAIN DISTRIBUTION PER UNIT||CCY||EX-DIVIDEND DATE||RECORD DATE|
|Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund||BANK||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Global Materials & Mining Enhanced Yield Index ETF||BASE||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Global Materials & Mining Enhanced Yield Index ETF||BASE.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Slate Global Real Estate Enhanced Yield Fund||BILT||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve US Banks Enhanced Yield Fund||CALL||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve US Banks Enhanced Yield Fund||CALL.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve US Banks Enhanced Yield Fund||CALL.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
|Evolve Automobile Innovation Index Fund||CARS||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Automobile Innovation Index Fund||CARS.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Automobile Innovation Index Fund||CARS.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
|Evolve Automobile Innovation Index Fund||EVF140||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Automobile Innovation Index Fund||EVF141||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Cyber Security Index Fund||CYBR||0.00000||0.05066||CAD||2022-12-28||2022-12-29|
|Evolve Cyber Security Index Fund||CYBR.B||0.00000||2.22486||CAD||2022-12-28||2022-12-29|
|Evolve Cyber Security Index Fund||CYBR.U||0.00000||2.55304||USD||2022-12-28||2022-12-29|
|Evolve Cyber Security Index Fund||EVF150||0.00000||0.25618||CAD||2022-12-28||2022-12-27|
|Evolve Cyber Security Index Fund||EVF151||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Cloud Computing Index Fund||DATA||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Cloud Computing Index Fund||DATA.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Active Canadian Preferred Share Fund||DIVS||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Active Canadian Preferred Share Fund||EVF100||0.01470||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Active Canadian Preferred Share Fund||EVF101||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Active Global Fixed Income Fund||EARN||0.07306||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Active Global Fixed Income Fund||EVF130||0.20355||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Active Global Fixed Income Fund||EVF131||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve European Banks Enhanced Yield ETF||EBNK||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve European Banks Enhanced Yield ETF||EBNK.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve European Banks Enhanced Yield ETF||EBNK.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
|Evolve Innovation Index Fund||EDGE||0.00079||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Innovation Index Fund||EDGE.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
|Evolve Innovation Index Fund||EVF160||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Innovation Index Fund||EVF161||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Cryptocurrencies ETF||ETC||0.00178||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Cryptocurrencies ETF||ETC.U||0.00249||0.00000||USD||2022-12-28||2022-12-29|
|Evolve Active Core Fixed Income Fund||FIXD||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Active Core Fixed Income Fund||EVF110||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Active Core Fixed Income Fund||EVF111||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve E-Gaming Index ETF||HERO||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|High Interest Savings Account Fund||HISA||0.00000||0.00000||CAD||2022-12-29||2022-12-29|
|High Interest Savings Account Fund||EVF200||0.00000||0.00000||CAD||2022-12-29||2022-12-28|
|High Interest Savings Account Fund||EVF201||0.00000||0.00000||CAD||2022-12-29||2022-12-28|
|High Interest Savings Account Fund||EVF202||0.00000||0.00000||CAD||2022-12-29||2022-12-28|
|US High Interest Savings Account Fund||HISU||0.00000||0.00000||USD||2022-12-29||2022-12-29|
|US High Interest Savings Account Fund||EVF 301||0.00000||0.00000||USD||2022-12-29||2022-12-28|
|US High Interest Savings Account Fund||EVF 300||0.00000||0.00000||USD||2022-12-29||2022-12-28|
|US High Interest Savings Account Fund||EVF 302||0.00000||0.00000||USD||2022-12-29||2022-12-28|
|Evolve Metaverse ETF||MESH||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Future Leadership Fund||LEAD||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Future Leadership Fund||LEAD.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Future Leadership Fund||LEAD.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
|Evolve Global Healthcare Enhanced Yield Fund||LIFE||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Global Healthcare Enhanced Yield Fund||LIFE.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Global Healthcare Enhanced Yield Fund||LIFE.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
|Evolve Global Healthcare Enhanced Yield Fund||EVF170||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Global Healthcare Enhanced Yield Fund||EVF171||0.00000||0.00000||CAD||2022-12-28||2022-12-27|
|Evolve Enhanced FANGMA Index ETF||TECE||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Enhanced FANGMA Index ETF||TECE.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve Enhanced FANGMA Index ETF||TECE.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
|Evolve FANGMA Index ETF||TECH||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve FANGMA Index ETF||TECH.B||0.00000||0.00000||CAD||2022-12-28||2022-12-29|
|Evolve FANGMA Index ETF||TECH.U||0.00000||0.00000||USD||2022-12-28||2022-12-29|
Distributions for the funds will vary from period to period. For further information regarding the Distributions, please visit www.evolveetfs.com
Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETF units. Please read the prospectus before investing.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.