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Hamilton ETFs Announces December 2019 and Estimated Special Distributions

Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the regular cash and estimated special distributions for its suite of financial services ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2019.

Regular cash distributions

The ex-dividend date for these distributions is anticipated to be December 30, 2019, for all unitholders of record on December 31, 2019. The distributions will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETF, on or about January 13, 2020.

ETF Name

Ticker Symbol

Regular Cash Distribution per Unit

Annualized Yield (1)

Frequency

Hamilton Global Bank ETF(2)

HBG

$0.065

1.21%

Quarterly

HBG.U

$0.065

1.21%

Quarterly

Hamilton Global Financials Yield ETF(2)

HFY

$0.160

3.82%

Quarterly

HFY.U

$0.160

3.82%

Quarterly

Hamilton U.S. Mid-Cap Financials ETF (USD)(3)

HFMU.U

US$0.020

0.46%

Quarterly

HFMU

US$0.020

0.46%

Quarterly

Hamilton Canadian Bank Variable-Weight ETF(4)

HCB

$0.047

3.69%

Monthly

Hamilton Australian Financials Yield ETF(4)

HFA

$0.0925

6.54%

Monthly

1. Calculated using the December 18, 2019 net asset value per unit, which is available at www.hamiltonetfs.com.

2. Distributions for Hamilton Global Bank ETF and Hamilton Global Financials Yield ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded tickers HBG.U and HFY.U, respectively. The approximate U.S. dollar equivalent distribution rate for HBG.U is US$0.0496 per unit and HFY.U is US$0.1220 per unit. For unitholders who hold the U.S. dollar traded HBG.U and HFY.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.

3. Distributions for Hamilton U.S. Mid-Cap Financials ETF (USD) are declared and paid in U.S. dollars. The approximate Canadian. dollar equivalent distribution rate for HFMU is $0.0262 per unit. For unitholders who hold the Canadian. dollar traded HFMU, distribution payments will typically be converted to Canadian dollars by the unitholder’s account holder.

4. Monthly distributions for Q4 2019 for Hamilton Canadian Bank Variable-Weight ETF and Hamilton Australian Financials Yield ETF were previously declared on October 17, 2019.

Distributions will vary from period to period.

Estimated special distributions

Hamilton ETFs also announces today the estimated special distributions to be paid to ETF unitholders for the 2019 tax year (see table below).

Please note that these are estimated amounts only. Circumstances may arise that could cause these estimates to change. A press release confirming the final special distributions will be disseminated on or about December 27, 2019.

ETF Name

Ticker Symbol

Estimated Special Cash Distribution per Unit

Estimated

Annual Capital Gain per Unit

Hamilton Global Bank ETF(5)

HBG

$0.17206

nil

HBG.U

$0.17206

nil

Hamilton Global Financials Yield ETF

HFY

nil

nil

HFY.U

nil

nil

Hamilton U.S. Mid-Cap Financials ETF (USD)(6)

HFMU.U

US$0.04055

nil

HFMU

US$0.04055

nil

Hamilton Canadian Bank Variable-Weight ETF

HCB

$0.08974

nil

Hamilton Australian Financials Yield ETF

HFA

nil

nil

5. Distributions for Hamilton Global Bank ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HBG.U. The approximate U.S. dollar equivalent distribution rate for HBG.U is US$0.1312 per unit. For unitholders who hold the U.S. dollar traded HBG.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.

6. Distributions for Hamilton U.S. Mid-Cap Financials ETF (USD) are declared and paid in U.S. dollars. The approximate Canadian. dollar equivalent distribution rate for HFMU is $0.0532 per unit. For unitholders who hold the Canadian. dollar traded HFMU, distribution payments will typically be converted to Canadian dollars by the unitholder’s account holder.

ETFs are required to distribute any net income and capital gains earned in the year.

The ex-dividend date for the special cash distributions is anticipated to be December 30, 2019, for all unitholders of record on December 31, 2019. The distributions will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETF, on or about January 13, 2020.

The final annual capital gains distributions, if there are any, will not be paid in cash but will be reinvested and reported as taxable distributions, and will be used to increase each unitholder’s adjusted cost base for the respective ETF. The ex-dividend date for this distribution is anticipated to be December 30, 2019, for all unitholders of record on December 31, 2019. In early 2020, the tax characteristics of all 2019 distributions will be reported to brokers via CDS Clearing and Depository Services Inc.

About Hamilton Capital Partners Inc.

Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector, with a portfolio management team boasting over 60 years of combined experience. The firm’s specialized investment focus is driven by proprietary research, analysis, and analytical tools. Hamilton ETFs is also an active commentator on the global financial services sector; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191220005344/en/

Contacts

Patrick Sommerville, Partner, Business Development, 416-941-9250, psommerville@hamiltonetfs.com
David Kidane, Regional Director, Business Development, 416-941-9681, dkidane@hamiltonetfs.com