TORONTO, Dec. 31,
2024 /CNW/ - Global X Investments Canada Inc.
("Global X") confirmed today the annual non-cash
distributions (the "Non-Cash Distributions") to unitholders
of certain of the exchange traded funds (the "ETFs") that it
manages for the 2024 tax year as indicated in the table below.
Please note that this is a further update to the estimated annual
Non-Cash Distributions previously announced on November 28, 2024, and updated on December 20, 2024.
The record date for Non-Cash Distributions is December 31, 2024. The nominal payment date
applied to the Non-Cash distributions will be January 8, 2025, though in actuality there will
be no physical payment made as would be the case with cash
distributions. In early 2025, the tax characteristics of all
distributions for 2024 for the ETFs will be reported to brokers via
the CDS Clearing and Depository Services Inc. ("CDS") and will be
posted on our website shortly thereafter.
ETF
Name
|
Ticker
Symbol
|
Final
Confirmed
Annual Non-Cash
Distribution per Unit
|
Global X Enhanced
S&P/TSX 60 Index ETF
|
CANL
|
$0.74081
|
Global X Semiconductor
Index ETF (1)
|
CHPS
|
$0.16735
|
CHPS.U
|
$0.16735
|
Global X Copper
Producers Index ETF
|
COPP
|
$0.46956
|
Global X Global
Sustainability Leaders Index ETF
|
ETHI
|
$0.12303
|
Global X Seasonal
Rotation ETF
|
HAC
|
$4.90797
|
Global X Active Global
Dividend ETF
|
HAZ
|
$0.30257
|
Global X Balanced Asset
Allocation ETF
|
HBAL
|
$1.18109
|
Global X Equal Weight
Canadian Banks Index ETF
|
HBNK
|
$0.24034
|
Global X Conservative
Asset Allocation ETF
|
HCON
|
$0.54625
|
Global X Enhanced
All-Equity Asset Allocation ETF
|
HEQL
|
$2.99398
|
Global X All-Equity
Asset Allocation ETF
|
HEQT
|
$1.79637
|
Global X Growth Asset
Allocation ETF
|
HGRW
|
$0.40593
|
Global X Marijuana Life
Sciences Index ETF (2)
|
HMMJ
|
$0.00043
|
HMMJ.U
|
$0.00043
|
Global X Uranium Index
ETF
|
HURA
|
$1.18767
|
Global X Inovestor
Canadian Equity Index ETF
|
INOC
|
$1.11726
|
Global X Pipelines
& Energy Services Index ETF
|
PPLN
|
$0.32512
|
Global X Nasdaq-100
Index ETF (3)
|
QQQX
|
$0.00004
|
QQQX.U
|
$0.00004
|
Global X Innovative
Bluechip Top 10 Index ETF
|
TTTX
|
$0.65772
|
Global X 0-3 Month U.S.
T-Bill ETF(4)
|
UBIL.U
|
$0.70807
|
Global X USD High
Interest Savings ETF(5)
|
UCSH.U
|
$0.19041
|
Global X S&P 500
Covered Call ETF (6)
|
USCC
|
$0.11694
|
USCC.U
|
$0.11694
|
Global X Enhanced
S&P 500 Index ETF (7)
|
USSL
|
$0.00021
|
Global X Canadian
Utility Services High Dividend Index ETF
|
UTIL
|
$0.00279
|
|
|
(1)
|
Global X Semiconductor
Index ETF (CHPS) – Please note that distributions for CHPS are
declared and paid in Canadian dollars, including those listed under
the U.S. dollar traded ticker CHPS.U. The approximate U.S. dollar
equivalent distribution rate for CHPS.U is $0.11642 per
unit.
|
(2)
|
Global X Marijuana Life
Sciences Index ETF (HMMJ) – Please note that distributions for HMMJ
are declared and paid in Canadian dollars, including those listed
under the U.S. dollar traded ticker HMMJ.U. The approximate U.S.
dollar equivalent distribution rate for HMMJ.U is $0.00030 per
unit. The notional distribution is 100% income.
|
(3)
|
Global X Nasdaq-100
Index ETF (QQQX.U) – Please note that distributions for QQQX.U are
declared and paid in U.S. dollars, including those listed under the
Canadian dollar traded ticker QQQX. The approximate Canadian dollar
equivalent distribution rate for USCC is $0.00006 per unit. The
notional distribution is 100% income.
|
(4)
|
Distributions for the
Global X 0-3 Month U.S. T-Bill ETF are declared and paid in U.S.
dollars.
|
(5)
|
Distributions for
Global X USD High Interest Savings ETF are declared and paid in
U.S. dollars.
|
(6)
|
Global X S&P 500
Covered Call ETF (USCC) – Please note that distributions for USCC.U
are declared and paid in U.S. dollars, including those listed under
the Canadian dollar traded ticker USCC. The approximate Canadian
dollar equivalent distribution rate for USCC is $0.16810 per
unit.
|
(7)
|
Global X Enhanced
S&P 500 Index ETF (USSL) – The notional distribution is 100%
income.
|
Each of the ETFs is required to distribute any net income and
capital gains that they have earned in the year. The annual
Non-Cash Distributions 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 nature of the Non-Cash Distributions for the respective
ETFs are expected to be comprised of capital gains unless denoted
in the footnotes in the table above. The Non-Cash Distributions
will be reinvested automatically in additional units of the
respective ETFs and immediately consolidated so that the number of
units held by the unitholder, the units outstanding of the ETFs,
and the net asset value of the ETFs, will not change as a result of
the Non-Cash Distributions. The above amounts do not include the
cash distributions announced on December 20,
2024.
Unless otherwise noted, the non-cash distributions listed in the
table are expected to be comprised of capital gains.
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 $38 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
For media inquiries:
Contact
Jonathan McGuire
Vice President, Communications
Global X Investments Canada Inc.
(647)
289-3324
jmcguire@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.
The Global X ETFs are not sponsored, endorsed, sold, or promoted
by S&P, TSX, NASDAQ MX Group, or Morningstar and their
affiliated companies and none of these parties make any
representation, warranty, or condition regarding the advisability
of buying, selling or holding units shares in the Global X ETFs.
All trademarks/service marks are registered by their respective
owners. None of the owners thereof or any of their affiliates
sponsor, endorse, sell, promote or make any representation
regarding the advisability of investing in the Global X ETFs.
Complete trademark and service-mark information are available at
https://www.globalx.ca/disclaimers.
Standard & Poor's®" and "S&P®" are registered trademarks
of Standard & Poor's Financial Services LLC ("S&P") and
have been licensed for use by Global X Investments Canada Inc.
("Global X") The Global X ETFs are not sponsored, endorsed, sold or
promoted by S&P, and S&P makes no representation, warranty
or condition regarding the advisability of buying, selling or
holding units/shares in the Global X ETFs.
The financial instrument is not sponsored, promoted, sold, or
supported in any other manner by Solactive AG nor does Solactive AG
offer any express or implicit guarantee or assurance either with
regard to the results of using the Index and/or Index trade name or
the Index Price at any time or in any other respect. The Index is
calculated and published by Solactive AG. Solactive AG uses its
best efforts to ensure that the Index is calculated correctly.
Irrespective of its obligations towards the Issuer, Solactive AG
has no obligation to point out errors in the Index to third parties
including but not limited to investors and/or financial
intermediaries of the financial instrument. Neither publication of
the Index by Solactive AG nor the licensing of the Index or Index
trade name for the purpose of use in connection with the financial
instrument constitutes a recommendation by Solactive AG to invest
capital in said financial instrument nor does it in any way
represent an assurance or opinion of Solactive AG with regard to
any investment in this financial instrument.
Mirae Asset Global Index Private Limited (an affiliate of the
Manager) owns all rights to the trademark, name and intellectual
property associated with the Underlying Indices of the Index ETFs
(in this disclaimer, the "Mirae Asset Indices"). No representation
is made by Mirae Asset Global Index Private Limited that the Mirae
Asset Indices are accurate or complete or that investment in a
Mirae Asset Index or an Index ETF will be profitable or suitable
for any person. The Mirae Asset Indices are administered and
calculated by Mirae Asset Global Index Private Limited and Mirae
Asset Global Index Private Limited will have no liability for any
error in the calculation of the Mirae Asset Indices. Mirae Asset
Global Index Private Limited does not guarantee that the Mirae
Asset Indices or their underlying methodology is accurate or
complete.
Nasdaq®, Nasdaq-100®, and Nasdaq-100 Index® are trademarks of
The Nasdaq Stock Market, Inc. (which with its affiliates is
referred to as the "Corporations") and are licensed for use by
Global X Investments Canada Inc. The Product(s) have not been
passed on by the Corporations as to their legality or suitability.
The Product(s) are not issued, endorsed, sold, or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO THE PRODUCT(S).
The funds or securities referred to herein are not sponsored,
endorsed, or promoted by MSCI, and MSCI bears no liability with
respect to any such funds or securities or any index on which such
funds or securities are based. The prospectus contains a more
detailed description of the limited relationship MSCI has with
Global X Investments Canada Inc. ("Global X") and any related
funds.
Certain statements may constitute a forward-looking statement,
including those identified by the expression "expect" and similar
expressions (including grammatical variations thereof). The
forward-looking statements are not historical facts but reflect the
author's current expectations regarding future results or events.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations. These and other
factors should be considered carefully, and readers should not
place undue reliance on such forward-looking statements. These
forward-looking statements are made as of the date hereof and the
authors do not undertake to update any forward-looking statement
that is contained herein, whether as a result of new information,
future events or otherwise, unless required by applicable law.
This communication is intended for informational purposes only
and does not constitute an offer to sell or the solicitation of an
offer to purchase exchange traded products managed by Global X
Investments Canada Inc. and is not, and should not be construed as,
investment, tax, legal or accounting advice, and should not be
relied upon in that regard. Individuals should seek the advice of
professionals, as appropriate, regarding any particular investment.
Investors should consult their professional advisors prior to
implementing any changes to their investment strategies. These
investments may not be suitable to the circumstances of an
investor.
Global X Investments Canada Inc. ("Global X") is a wholly owned
subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae
Asset"), the Korea-based asset management entity of Mirae Asset
Financial Group. Global X is a corporation existing under the
laws of Canada and is the manager
and investment manager of the Global X Funds.
© 2024 Global X Investments Canada Inc. All Rights
Reserved.
SOURCE Global X Investments Canada Inc.