TORONTO, Dec. 22, 2020 /CNW/ - Scotia Global Asset Management today announced the estimated year-end reinvested distributions for the Scotia Strategic ETF Portfolios listed on the TSX and the Scotia Index Tracker ETFs listed on the NEO for the 2020 tax year. Please note that these are estimated amounts only and have been calculated based upon forward-looking information as of December 11, 2020. As these are estimated amounts, the final distributions may change.

These are estimated year-end distributions of undistributed net income and/or capital gains. The distributions will be reinvested in additional units of the respective Scotia Strategic ETF Portfolios or Scotia Index Tracker ETFs and do not include any cash distribution amounts for December. The additional units will be immediately consolidated so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.

We expect to announce the final year-end reinvested distribution amounts on or about December 30, 2020. The record date for the 2020 year-end distributions will be December 31, 2020.

The actual taxable amounts of reinvested distributions for 2020, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2021. Securityholders can contact their brokerage firm for this information.

The estimated reinvested distribution amounts per unit and payable dates are:

Forward-looking information
This notice contains forward-looking statements with respect to the year-end reinvested distributions for the Scotia Strategic ETF Portfolios and the Scotia Index Tracker ETF. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions set forth in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and the ETFs' tax year end include, but are not limited to, the actual amounts of distributions received by the ETFs; trading activity within the ETFs, including buying and selling of securities; and subscription and redemption activity.

For more information on the Scotia Strategic ETF Portfolios and the Scotia Index Tracker ETFs, please visit here.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. The securities held by the ETFs can change at any time without notice. Investments in ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

About Scotia Global Asset Management
Scotia Global Asset Management is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs.

About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of over 90,000 employees and assets of approximately $1.1 trillion (as at October 31, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank