The reinvested distributions for the
Non-resident unitholders may have the number of additional units reduced due to withholding tax. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will be equal the number of units outstanding prior to the distribution. Reinvested distributions will increase the unitholder's adjusted cost base for the
BMO Asset Management Inc. expects to announce the final special reinvested distribution amount on or about
The actual taxable amount of the special reinvested distribution, including its tax characteristic, will be reported to brokers through
The estimated special dividend distribution amount per unit of the
Fund | Ticker (TSX) | Estimated Reinvested |
( | TOWR | 0.047406 |
| GRNI | 0.054910 |
Note that the estimated amount could change if the
Further information about BMO ETFs and
Commissions, management fees and expenses all may be associated with investments in BMO ETFs and
For a summary of the risks of an investment in the BMO ETFs or
BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.
Distributions are not guaranteed and may fluctuate. Distribution rates may change without notice (up or down) depending on market conditions. The payment of distributions should not be confused with an investment fund's performance, rate of return or yield. If distributions paid by an investment fund are greater than the performance of the fund, your original investment will shrink.
Distributions of net income and net taxable gains of a BMO ETF will be included in the unitholder's income for tax purposes in the year they are paid, whether or not such amounts are reinvested in additional units. A unitholder's adjusted cost base will be reduced by the amount of any returns of capital. If a unitholder's adjusted cost base goes below zero, such unitholder will have to pay capital gains tax on the amount below zero. Please refer to the summary of the principal income tax considerations set out in the prospectus for the relevant BMO ETF or ETF Series. Investors should also consult their own tax advisors about their individual circumstances.
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About BMO Exchange Traded Funds (ETFs)
BMO Exchange Traded Funds has been an ETF provider in Canada for more than 12 years, with over 100 strategies, over 25 per cent market share in Canada1, and $87.6 billion in assets under management. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost effective core equity ETFs following market leading indexes, and a broad range of fixed income ETFs; solution-based ETFs responding to client demand; and innovation with smart beta ETFs, as well as combining active and passive investing with ETF series of active mutual funds.
1Morningstar, December 2022
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SOURCE
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