TORONTO, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Equium Capital Management Inc. announced today the final year-end reinvested distribution for the 2018 tax year for its exchange-traded series (“ETF series”) of Equium Global Tactical Allocation Fund (TSX: ETAC) (the “Fund”) that trades on the Toronto Stock Exchange (“TSX”).
This is a distribution of undistributed net income and/or capital gains. The distribution will be reinvested in additional shares of the ETF series. The additional shares will be immediately consolidated with the shares previously outstanding, so the number of shares outstanding following the distribution will equal the number of shares outstanding prior to the distribution.
The record date for the distribution was December 31, 2018. The actual taxable amount distributed in 2018, including the tax characteristics of this amount, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2019.
Details of the estimated per-share distribution amount are as follows:
| Fund | Ticker Symbol | Estimated Year-End Reinvested Distribution Per Share | CUSIP | ISIN | Exchange | |
| Equium Global Tactical Allocation Fund | ETAC | $0.01628 | 29478V103 | CA29478V1031 | TSX | |
The ETF series is designed to provide investors with an additional point of access to the Fund. The Fund seeks enhanced capital protection while aiming to deliver long-term capital appreciation by investing primarily in a mix of global equity securities, fixed income investments, derivative securities, and money market instruments. The Fund may obtain exposure to these securities directly or through exchange-traded funds. Full details of the Fund are available at https://www.equiumcapital.com/global-tactical...dresources .
About Equium Capital Management Inc.
Equium Capital Management Inc., a boutique investment management firm focused on global, multi-asset portfolio solutions, is the manager and portfolio manager of Equium Global Tactical Allocation Fund. Equium Capital’s consistent and conservative investment process reflects the Investment Committee’s extensive experience around the globe and combines top-down technical analysis with bottom-up fundamental research, aiming to better protect and grow wealth through the cycle. For further information, please visit www.equiumcapital.com .
For more information, please contact:
Cameron B. Hurst Chief Executive Officer & Chief Investment Officer (416) 304-9360 e-mail: cameron.hurst@equiumcapital.com
Adam Murl Chief Financial Officer & Head of Research (416) 304-9359 e-mail: adam.murl@equiumcapital.com
Commissions, management fees and expenses may all be associated with investments in the ETF series of a mutual fund. Investors should carefully consider a fund’s investment objectives and strategies, risks, fees and expenses before investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing. ETF series trade like stocks, fluctuate in market value and may trade at prices above or below the fund’s net asset value. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund’s performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.
