SmartBe Investments Inc. announces the notional
CALGARY, Alberta, December 20, 2021 (GLOBE NEWSWIRE) – SmartBe Investments Inc. (“SmartBe”) today announced the estimated distribution of the SmartBe Canadian Quantitative Momentum Index ETF, SmartBe Canadian Quantitative Value Momentum Index ETF, SmartBe US Quantitative Momentum Index ETF and SmartBe US Quantitative Value Momentum Index ETF (the “ETFs”) for tax year 2021. Please note that these are amounts estimated only as of December 15, 2021 and could change if the Fund undergoes subscriptions or redemptions prior to the ex-dividend date or due to other factors.
SmartBe expects to announce the final amount of the annual reinvested distribution on or about January 4, 2022. The recording date of the reinvested distribution will be December 31, 2021 payable on January 7, 2022. The actual taxable amounts of the reinvested distributions for 2021 , including the tax characteristics of distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) in early 2022.
|Fund name||Teleprinter||Reinvested distribution per unit ($)|
|Momentum SmartBe Canadian Quantitative Index ETF||SBCM||$ 0.00000|
|SmartBe Canadian Quantitative Value Index ETF||SBCV||$ 0.22546|
|ETF SmartBe US Quantitative Momentum Index||SBQM||$ 0.00000|
|ETF SmartBe US Quantitative Value Index||SBQV||$ 1.10628|
The reinvested distribution is considered a notional distribution and is automatically reinvested in units of the ETFs at the time of the distribution and immediately consolidated so that the number of units held by each investor, the outstanding units of the ETFs and the net asset value of the units ETFs do not change as a result of the distribution. Unitholders of record on December 31, 2021 will receive the reinvested distribution. The March 31 and September 30 cash distributions for the above ETFs were nil. ETFs were launched on January 27, 2021 and SmartBe has decided to accumulate income and capital gains each quarter. ETFs are not expected to have quarterly cash distributions unless SmartBe changes the frequency of distributions, which would be announced in a press release. This notional distribution acts as the single distribution for 2021.
As of December 31, 2021, the ETFs each qualified as mutual fund trusts and, under Canadian tax laws, had a deemed tax year end as a financial institution on December 31, 2021. In addition Further information on ETFs is available at www. smartbeinvestments.com.
SmartBe Investments Inc. is a wealth management company and the manager of the SmartBe ETFs. The Company partners with international and academic index providers to create and offer Canadian exchange-traded funds for widespread public distribution. SmartBe is dedicated to bringing new quantitative approaches to Canadian investors interested in affordable alternatives to sophisticated investment strategies.
Read the SmartBe ETF prospectus and consult your financial advisor before investing. The prospectus and other information documents are available at www.smartbeinvestments.com. or www.sedar.com. These documents and the facts of the ETF constitute the legal documents of the ETF. Exchange traded funds are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, will not pay commissions or trailing commissions, and may experience a gain or a loss.
|SmartBe Investments Inc||403 930 8688|
|Office 680, 330 5th Ave SO,||www.smartbeinvestments.com|
|Calgary, Alberta, T2P 0L4firstname.lastname@example.org|