Dynamic Funds Merger and Cash Distribution Updates for 2025
Dynamic Funds Completes Recent Fund Changes
1832 Asset Management L.P., managing Dynamic Funds, reported significant changes within their portfolio of funds. Key developments include the termination of the Dynamic Active Energy Evolution ETF and the successful merger of the Dynamic Active Retirement Income ETF into the Dynamic Retirement Income Fund. This restructuring reflects the firm's ongoing commitment to adapt and optimize its offerings to align with market conditions and investor preferences.
Details on the Termination of the Dynamic Active Energy Evolution ETF
In an important move, it was announced that the Dynamic Active Energy Evolution ETF would be terminated. The ETF was officially delisted from the Toronto Stock Exchange after market hours, marking a pivotal decision that would impact unitholders. With the termination effective shortly thereafter, unitholders on record will receive liquidation payments from the remaining assets of the ETF. This simplification aims to better manage resources and streamline operations.
Understanding the Merger Process
The merger of the Dynamic Active Retirement Income ETF into the Dynamic Retirement Income Fund signifies a strategic fusion aimed at enriching the fund's offerings. All units of the terminating ETF were exchanged for equivalent units of the continuing fund, ensuring a seamless transition for unitholders without requiring additional actions on their part. The ongoing management team and investment objectives remain unchanged, reassuring existing investors.
Key Information About Final Payment Distributions
Unitholders of record on the termination date will receive final distributions, which include liquidation proceeds from the assets of the ETF, providing a clear financial pathway for investors. These distributions encapsulate the investor's returns before the official termination, enabling smooth financial transitions in line with the merger.
July 2025 Cash Distribution Announcements
Dynamic Funds also announced cash distribution plans for July 2025 concerning its ETFs and series units. Unitholders who hold positions as of July 28, 2025, will receive their respective cash distributions payable on July 31, 2025. This proactive approach continues to affirm Dynamic Funds' dedication to delivering consistent value to its investors.
Distribution Overview for Selected Dynamic Active ETFs
The following dynamic ETFs will provide specific cash distributions per unit: Dynamic Active Bond ETF (DXBB): $0.070, Dynamic Active Canadian Bond ETF (DXBC): $0.065, Dynamic Active Corporate Bond ETF (DXCB): $0.077, Dynamic Active Preferred Shares ETF (DXP): $0.097, and several others. The cash distributions will be paid monthly, reflecting the fund's commitment to provide reliable income streams for its investors.
About Dynamic Funds
Dynamic Funds, a division of 1832 Asset Management L.P., operates under the auspices of Scotiabank, offering a broad spectrum of wealth management solutions. This includes actively managed ETFs and various mutual funds tailored for individual investors and institutional clients. As a regulated entity, Dynamic Funds maintains strict compliance and transparency, assuring investors of their decision-making confidence.
Frequently Asked Questions
1. What changes have been made to the Dynamic Funds portfolio?
The recent changes include the termination of the Dynamic Active Energy Evolution ETF and the merger of the Dynamic Active Retirement Income ETF into the Dynamic Retirement Income Fund.
2. When will the cash distributions for July 2025 be issued?
Cash distributions will be payable on July 31, 2025, to unitholders of record on July 28, 2025.
3. How does the merger affect unitholders?
Unitholders will automatically receive units of the continuing fund in a one-for-one exchange, ensuring no loss of their holdings during the transition.
4. How are the final distributions determined?
Final distributions are calculated based on the liquidation of the assets, net of liabilities and expenses, ensuring fair treatment of investors.
5. Where can I find more information about Dynamic Funds?
Additional details can be accessed through their official website or by contacting their investor relations team.
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