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Hamilton ETFs Announces December 2022 and Estimated Special Cash Distributions

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Press release content from Business Wire. The AP news staff was not involved in its creation.
December 20, 2022 GMT

TORONTO--(BUSINESS WIRE)--Dec 20, 2022--

Hamilton Capital Partners Inc. (“ Hamilton ETFs ”) is pleased to announce the regular cash and an update to its estimated annual special cash distributions for its suite of ETFs, all of which trade on the Toronto Stock Exchange, for the period ended December 31, 2022.

Regular cash distributions

The ex-dividend date for these distributions is anticipated to be December 29, 2022, for all unitholders of record on December 30, 2022. 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 12, 2023.

ETF Name

Ticker
Symbol

Regular Cash
Distribution per Unit

Annualized
Yield (1)

Frequency

Hamilton Global Financials ETF

HFG

$0.0700

4.18%

Monthly

Hamilton Canadian Bank Mean Reversion Index ETF

HCA

$0.0960

5.63%

Monthly

Hamilton Enhanced Canadian Bank ETF

HCAL

$0.1270

7.77%

Monthly

Hamilton Enhanced Canadian Financials ETF

HFIN

$0.0750

7.09%

Monthly

Hamilton Enhanced Multi-Sector Covered Call ETF

HDIV

$0.1250

9.82%

Monthly

Hamilton Enhanced U.S Covered Call ETF

HYLD

$0.1400

14.28%

Monthly

HYLD.U

$0.1400

14.11%

Monthly

Hamilton Enhanced Utilities ETF

HUTS

$0.0790

6.95%

Monthly

Hamilton Financials Innovation ETF

HFT

$0.0150

0.44%

Quarterly

Hamilton U.S. Mid/Small-Cap Financials ETF (2)

HUM

$0.1000

1.63%

Quarterly

Hamilton Australian Bank Equal-Weight Index ETF

HBA

$0.3100

5.51%

Quarterly

Distributions will vary from period to period.

Updated Estimated Special Cash Distributions

Hamilton ETFs also announces today an update to its estimated special cash distributions to be paid to ETF unitholders for the 2022 tax year (see table below). Please note this is an update to the estimated special cash distributions previously announced on December 6, 2022.

ETFs are required to distribute any net income and capital gains earned in the year. The distributions labeled as “Estimated Special Cash Distributions per Unit” in the table below (“ Special Cash Distributions ”) will be paid in cash, or if the unitholder has enrolled in the DRIP, reinvested in additional units of the ETFs, on or about January 12, 2023. The Special Cash Distribution rates in the table below are presented on an estimated basis. A press release confirming the final special cash distributions will be disseminated on or about the record date of the distributions.

The ETFs are not expected to announce any annual non-cash distributions (“ Non-Cash Distributions ”) for the 2022 tax year, based on current estimated distributions, as presented in the below table. The final annual non-cash 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 the special cash distributions and any potential annual non-cash distributions is anticipated to be December 29, 2022, for all unitholders of record on December 30, 2022. In early 2023, the tax characteristics of all 2022 distributions will be reported to brokers via CDS.

ETF Name

Ticker
Symbol

Estimated
Special Cash
Distribution per
Unit (1)

Estimated Annual
Non-Cash
Distribution per
Unit

Hamilton Global Financials ETF

HFG

$1.244

nil

Hamilton Canadian Bank Mean Reversion Index ETF

HCA

nil

nil

Hamilton Enhanced Canadian Bank ETF

HCAL

nil

nil

Hamilton Enhanced Canadian Financials ETF

HFIN

nil

nil

Hamilton Enhanced Multi-Sector Covered Call ETF

HDIV

nil

nil

Hamilton Enhanced U.S Covered Call ETF

HYLD

nil

nil

HYLD.U

nil

nil

Hamilton Enhanced Utilities ETF

HUTS

nil

nil

Hamilton Financials Innovation ETF

HFT

nil

nil

Hamilton U.S. Mid/Small-Cap Financials ETF (2)

HUM

$0.458

nil

Hamilton Australian Bank Equal-Weight Index ETF

HBA

$0.601

nil

About Hamilton Capital Partners Inc. (Hamilton ETFs)

Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $1.8 billion in assets under management, the firm offers a suite of exchange traded funds including both rules-based and actively managed mandates. 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.

Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20221220005587/en/

For investor inquiries: Contact Hamilton ETFs at (416) 941-9888,info@hamiltonetfs.comFor media inquiries: Contact Patrick Sommerville, Senior Partner, Head of Business Development, (416) 941-9250,psommerville@hamiltonetfs.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE

SOURCE: Hamilton Capital Partners Inc.

Copyright Business Wire 2022.

PUB: 12/20/2022 05:00 PM/DISC: 12/20/2022 05:02 PM

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