TORONTO, Dec. 30, 2016 /CNW/ - Auspice Capital Advisors Ltd. ("Auspice") confirmed today the annual non-cash distributions (the "Non-Cash Distributions") to unitholders of the Canadian Natural Gas Index ETF ("GAS" or the "ETF") for the 2016 tax year as indicated in the table below. Please note that this is an update to the estimated annual Non-Cash Distributions previously announced on December 19, 2016.
The ETF 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 ETF as either income or capital gains is disclosed in the footnotes to the table below. The Non-Cash Distributions will be reinvested automatically in additional units of the respective ETF and immediately consolidated so that the number of units held by the unitholder, the units outstanding of the ETF, and the net asset value of the ETF, will not change as a result of the Non-Cash Distributions. These amounts do not include the regular monthly or quarterly cash distributions, as applicable, announced on December 19, 2016.
The ex-dividend date for these distributions was December 28, 2016, for all unitholders of record on December 30, 2016. In early 2017, the tax characteristics of all distributions for 2016 for the ETF will be reported to brokers via the Canadian Depository for Securities (CDS) and will be posted on our website shortly thereafter.
|
ETF Name
|
Ticker
Symbol
|
Final Confirmed
Annual Non-Cash
Distribution
per Unit
|
Estimated
Annual Non-Cash
Distribution per
Unit announced
on Dec. 19, 2016
|
|
Canadian Natural Gas Index ETF(1)
|
GAS
|
$1.94964
|
$1.236
|
|
(1) The Non-Cash Distributions for Canadian Natural Gas Index ETF are income distribution in nature.
|
About Auspice
Auspice is a Calgary Canada based fund manager of non-correlated alternatives which since 2006 has partnered with global institutional and retail clients. Led by a respected PM team with institutional pedigree, Auspice employs a disciplined, rules-based approach to investment management and manages a suite of award-winning and innovative investment products available in a variety of delivery mechanisms (funds, ETFs, indices, managed accounts).
Auspice is registered as a portfolio manager (IFM, CTM, EMD) in Canada and a CTA with the NFA. Auspice is the manager and trustee of the ETF, and is responsible for providing or arranging for the administrative and third party services required.
Certain statements may constitute a forward looking statement, including those identified by the expressions "estimate" or "expect" and similar expressions (including grammatical variations thereof) to the extent they relate to the ETF or Auspice Capital. The forward-looking statements are not historical facts but reflect the ETF, the ETF's managers or Auspice Capital'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 the ETF's forward looking statements. These forward-looking statements are made as of the date hereof and the ETF's does 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.
Commissions, trailing commissions, management fees and expenses all may be associated with investments in the ETF. The ETF is not guaranteed, its value changes frequently and past performance may not be repeated. Please read the prospectus before investing.
SOURCE Auspice Capital Advisors Ltd.
