GLOBAL X ANNOUNCES ESTIMATED 2024 ANNUAL NON-CASH DISTRIBUTION
Canada NewsWire
TORONTO, Nov. 28, 2024
TORONTO, Nov. 28, 2024 /CNW/ - Global X Investments Canada Inc. ("Global X") announced today the estimated non-cash distributions (the "Non-Cash Distributions") to securityholders of certain exchange traded funds (the "ETFs") it manages for the 2024 tax year as indicated in the table below. Those ETFs managed by Global X not listed in the table are not expected to have Non-Cash Distributions for the 2024 tax year.
Please note that these are estimated amounts only as of November 27, 2024. Circumstances may arise which could cause these estimates to change before the ETFs' applicable tax year ends on December 15, 2024.
Each ETF is required to distribute any net income and capital gains it has earned during the year. The Non-Cash Distributions will be automatically reinvested in additional securities of the respective ETFs and immediately consolidated so that the number of securities held by the securityholder (the outstanding securities of the ETFs) and the net asset value of the ETFs will not change as a result of the Non-Cash Distributions. The annual Non-Cash Distributions will be reported to securityholders as taxable distributions and will increase each securityholder's adjusted cost base for the respective ETF. The Non-Cash Distributions may be income and/or capital gains in nature. These estimated amounts are for the Non-Cash distributions only and do not include any estimates of the regular monthly or quarterly cash distributions, as applicable, including income and capital gains amounts that may form a part of the monthly and/or quarterly distributions.
Global X ETFs expects to announce the final year-end Non-Cash Distribution amounts, as well as any regular monthly or quarterly cash distribution amounts, on or about December 20, 2024. The ex-dividend dates for all of these distributions (cash and non-cash) are anticipated to be December 31, 2024, for all securityholders of record on December 31, 2024. In early 2025, the tax characteristics of all distributions for 2024 for the ETFs will be reported to brokers via the Clearing and Depository Services Inc. (CDS) and will be posted on our website shortly thereafter.
Ticker ETF Name Estimated Net Asset Estimated
Symbol Non-Cash Value Non-Cash
Distributions $(NAV)$ per Distributions
per Security Security as a % of
as of as of NAV as of
Nov. 27, 2024 (1) Nov. 27, 2024 Nov. 27, 2024
Global X
Artificial
Intelligence &
Technology Index
AIGO ETF $0.0366 23.5644 0.16 %
Global X Enhanced
S&P/TSX 60 Index
CANL ETF $1.8454 26.1617 7.05 %
Global X
Semiconductor
CHPS Index ETF $0.7519 36.8729 2.04 %
Global X Copper
Producers Index
COPP ETF $0.7306 34.0023 2.15 %
Global X Enhanced
MSCI Emerging
Markets Index
EMML ETF $0.0467 20.5274 0.23 %
Global X
All-Equity Asset
Allocation
Covered Call
EQCC ETF $0.2160 21.0028 1.03 %
Global X Global
Sustainability
Leaders Index
ETHI ETF $1.6717 55.2525 3.03 %
Global X Seasonal
HAC Rotation ETF $ 6.1000 31.9518 19.09 %
Global X Active
Global Dividend
HAZ ETF $0.4693 37.9712 1.24 %
Global X Balanced
Asset Allocation
HBAL ETF $1.1169 15.7965 7.07 %
Global X Equal
Weight Canadian
HBNK Banks Index ETF $0.4077 25.4618 1.60 %
Global X
Conservative
Asset Allocation
HCON ETF $0.5218 13.9055 3.75 %
Global X
All-Equity Asset
HEQT Allocation ETF $1.7204 18.0765 9.52 %
Global X Growth
Asset Allocation
HGRW ETF $0.6668 25.1006 2.66 %
Global X Uranium
HURA Index ETF $1.1141 39.7529 2.80 %
Global X
Inovestor
Canadian Equity
INOC Index ETF $1.1749 16.2659 7.22 %
Global X
Pipelines &
Energy Services
PPLN Index ETF $0.3494 11.7653 2.97 %
Global X
Nasdaq-100
QQCC Covered Call ETF $0.2741 12.7928 2.14 %
Global X
Innovative
Bluechip Top 10
TTTX Index ETF $0.8557 23.3496 3.66 %
Global X 0-3
Month U.S.
UBIL.U T-Bill ETF $0.1500 50.1224 0.30 %
Global X S&P 500
USCC Covered Call ETF $0.6422 20.0300 3.21 %
USCC.U $0.4579 14.2831 3.21 %
Global X Enhanced
S&P 500 Index
USSL ETF $0.0225 23.9908 0.09 %
(1) Distributions for all of the ETFs listed in the
table are expected to be capital gains in nature.
Distributions for the ETFs will vary from period to period. For further information regarding the Distributions, please visit www.GlobalX.ca.
About Global X Investments Canada Inc. (www.GlobalX.ca)
Global X Investments Canada Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X Fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $36 billion of assets under management and 134 ETFs listed on major Canadian stock exchanges. Global X is a wholly-owned subsidiary of the Mirae Asset Financial Group, which manages more than $800 billion of assets across 19 countries and global markets around the world.
For investor inquiries:
Please contact Global X at 1-866-641-5739 (toll-free) or (416) 933-5745
info@GlobalX.ca
Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently, and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.
The payment of distributions, if any, is not guaranteed and may fluctuate at any time. The payment of distributions should not be confused with an exchange traded fund's ("ETF") performance, rate of return, or yield. If distributions paid by the ETF are greater than the performance of the ETF, distributions paid may include a return of capital and an investor's original investment will decrease. A return of capital is not taxable to the investor but will generally reduce the adjusted cost base of the securities held for tax purposes. Distributions are paid as a result of capital gains realized by an ETF, and income and dividends earned by an ETF are taxable to the investor in the year they are paid. The investor's adjusted cost base will be reduced by the amount of any returns of capital. If the investor's adjusted cost base goes below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions, if any, for tax purposes, (such as dividends/other income/capital gains, etc.) will not be known for certain until after the ETF's tax year-end. Therefore, investors will be informed of the tax characterization after year-end and not with each distribution if any. For tax purposes, these amounts will be reported annually by brokers on official tax statements. Please refer to the applicable ETF distribution policy in the prospectus for more information.
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