TORONTO, Dec. 21, 2022 /CNW/ - Scotia Global Asset Management today announced the estimated year-end cash distributions for the Scotia ETFs listed on the NEO Exchange for the 2022 tax year. Please note that these are estimated amounts only and have been calculated based upon information as of December 15, 2022. The final cash distributions may change due to subscriptions or redemptions activity before the ex-dividend date or other factors.

We expect to announce the final year-end cash distribution amounts on or about December 29, 2022. The record date for the 2022 year-end distributions will be December 30, 2022, payable on January 9, 2023.

The actual taxable amounts of cash distributions for 2022, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2023. Securityholders can contact their brokerage firm for this information.

The estimated cash distribution amounts per unit are:

This notice contains forward-looking statements with respect to the year-end cash distributions for the Scotia ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions in this notice. Factors that could cause the final distributions to differ include, but are not limited to, the trading activity within the Scotia ETFs, and subscription and redemption activity.

For more information on the Scotia ETFs, please visit here.

Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments, including ETFs. Please read the prospectus before investing. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

Scotia Global Asset Management includes 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, ETFs, and investment solutions for private clients, institutions and managed asset programs.

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 $1.3 trillion (as at October 31, 2022), 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 @Scotiabank.

SOURCE Scotiabank