Caldwell Investment Management announces the year 2021
NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
TORONTO, Dec. 17 2021 (GLOBE NEWSWIRE) – Caldwell Investment Management Ltd., the manager of the Caldwell US Dividend Advantage Fund (the “Fund”) announces the confirmed special annual year-end distribution for tax year 2021 for the -Managed ETF Series of the Fund (TSX symbol: UDA) to Unitholders of record as set out below.
|Registration Date||Payment date||Special distribution per unit|
|December 14, 2021||23 December 2022||0.9300994 $ CAD|
The Fund is required to distribute any net income and capital gains it has earned during the year. The special distribution will be paid in cash and will generally consist of capital gains and / or any excess net income at year end. Investors who hold their ETF Units outside of registered plans will have taxable amounts to report and will see the adjusted cost base of their investment increase.
This confirmed distribution amount is for the special distribution only and does not include any ongoing regular monthly distribution amounts that were previously announced or are expected to be announced for calendar year 2022.
Series ETF unitholders also have the option of participating in the Distribution Reinvestment Plan (“DRIP”) offered by the Fund, which offers investors the ability to automatically reinvest distributions and enjoy the benefits of compound growth. . Unitholders can enroll in the DRIP program by contacting their investment advisor.
The Caldwell US Dividend Advantage Fund Series ETF trades on the TSX under the symbol UDA.
For more information, please visit our website at www.caldwellinvestment.com or contact us at 416-593-1798 or 1-800-256-2441.
The Fund was first offered to the public as a closed-end investment (May 28, 2015) and, with effect from November 15, 2018, was converted into an open-ended mutual fund with all units outstanding. being pre-designated as Series F units. The performance of the Fund prior to the Conversion Date would have been different had the Fund been subject to the same investment restrictions and practices as the current open-ended mutual fund. In addition, the Fund reduced its management fee by 1% (October 17, 2019), which resulted in a fee of 1.75% for Series A units and 0.75% for Series units. F.
Investors are strongly encouraged to consult a financial advisor and to carefully review the Simplified Prospectus and Fund Facts before making any investment decisions with respect to the Fund. Caldwell Investment Management Ltd. makes no representations or warranties about the accuracy and completeness of the information contained in this document. Certain statements contained herein contain forward-looking information based on certain historical information of the Fund and represent current expectations as of the date of this press release. Actual future results may differ materially due to, but not limited to, prevailing market conditions, there is no assurance of realizing capital gains and no assurance that issuers held in the Portfolio will pay dividends. or distributions on their securities. Commissions, trailing commissions, management fees and expenses can all be associated with investing in mutual funds. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with the performance, rate of return or performance of a fund. If the distributions paid are greater than the fund’s returns, your initial investment will go down. Distributions paid as a result of capital gains realized by a fund, as well as income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your Adjusted Cost Base (“ACB”) will be reduced by the amount of any return of capital and if your ACB falls below zero, you will have to pay capital gains tax on the amount less than zero.