Evolve Announces Estimated Annual Distributions for Certain Evolve Funds
Canada NewsWire
TORONTO, Nov. 29, 2024
TORONTO, Nov. 29, 2024 /CNW/ - Evolve Funds Group Inc. ("Evolve") announces the estimated special year end cash income and non-cash notional reinvested income and capital gains distribution per unit (the "Distributions") for certain Funds (the "Evolve Funds") for the 2024 tax year.
These estimates are for the annual cash income and non-cash capital gains and income distributions. Non-cash capital gains and income distributions are typically reinvested in additional units of the respective Funds at the year-end, and do not include estimates of ongoing monthly or quarterly cash distribution amounts. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will equal the number of units outstanding prior to the distribution. The reinvestment and immediate consolidation of additional units will result in an increase in the adjusted cost base of units outstanding.
Evolve's estimates of cash income and non-cash capital gain and income distributions are for information purposes only, to aid with year-end tax and investment planning. These estimates are based on both preliminary and forward-looking information. Actual distributions may differ significantly from the estimates and some of the Funds may pay distributions above or below these estimated ranges, and Funds not currently expected to pay could be required to do so. These estimates are not intended to be used as tax advice. Because each investor's tax situation is unique, a qualified tax advisor should be consulted.
Evolve expects to announce the final annual cash and reinvested distribution amounts on or about December 31, 2024 for all Evolve Funds with record date of December 31, 2024. The actual taxable amounts of cash and reinvested distributions for 2024, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2025.
The estimates are as of October 31, 2024 and could change due to events that occur between the date of these estimates and the date of the Funds' taxation year end of December 31, 2024 for the High Interest Savings Account Fund, US High Interest Savings Account Fund, Premium Cash Management Fund and US Premium Cash Management Fund and of December 15, 2024 for all other Evolve Funds, and due to a number of factors. These events and factors may include the following:
-- The full measurement period is not captured by these estimates.
-- Portfolio trading and market movements over the next several weeks.
-- Estimates are indicated on a per-share basis. Changes in the number of
shares outstanding can have a significant impact on these estimates.
-- These estimates do not reflect all required tax adjustments. Certain tax
adjustments are based on market value at a point in time and, therefore,
cannot be estimated. Actual distribution amounts will be affected by all
required tax adjustments and may be substantially different from these
estimates.
-- The period for the Funds' taxation year may not correspond with the
Funds' fiscal year. This misalignment can have an impact on the amounts
distributed and their tax characteristics.
To estimate the dollar value of a distribution for a Fund, multiply the Fund's total per-share distribution estimate by the number of shares owned.
Evolve Funds Ticker Estimated Estimated Estimated Currency
Reinvested Reinvested Cash
Income Capital Income
Distribution Gains Distribution
Distribution
Per Unit Per Unit
Per Unit
Evolve Canadian
Aggregate Bond
Enhanced Yield
Fund AGG $0.00000 $0.00000 $0.00000 CAD
Evolve Artificial
Intelligence
Fund ARTI $0.00000 $0.00000 $0.00000 CAD
Evolve Canadian
Banks and
Lifecos Enhanced
Yield Index
Fund BANK $0.00000 $0.00000 $0.00000 CAD
Evolve Global
Materials &
Mining Enhanced
Yield Index
ETF BASE $0.00000 $0.00000 $0.00000 CAD
Evolve Global
Materials &
Mining Enhanced
Yield Index
ETF BASE.B $0.00000 $0.00000 $0.00000 CAD
Evolve Enhanced
Yield Bond Fund BOND $0.00000 $0.00000 $0.00000 CAD
Evolve Enhanced
Yield Bond Fund BOND.B $0.00000 $0.00000 $0.00000 CAD
Evolve Enhanced
Yield Bond Fund BOND.U $0.00000 $0.00000 $0.00000 USD
Evolve US Banks
Enhanced Yield
Fund CALL $0.00000 $0.00000 $0.00000 CAD
Evolve US Banks
Enhanced Yield
Fund CALL.B $0.00000 $0.00000 $0.00000 CAD
Evolve US Banks
Enhanced Yield
Fund CALL.U $0.00000 $0.00000 $0.00000 USD
Evolve Automobile
Innovation Index
Fund CARS $0.00000 $0.00000 $0.08115 CAD
Evolve Automobile
Innovation Index
Fund CARS.B $0.00000 $0.00000 $0.10611 CAD
Evolve Automobile
Innovation Index
Fund CARS.U $0.00000 $0.00000 $0.04753 USD
Evolve Cyber
Security Index
Fund CYBR $0.00000 $0.00000 $0.00000 CAD
Evolve Cyber
Security Index
Fund CYBR.B $0.00000 $0.00000 $0.00000 CAD
Evolve Cyber
Security Index
Fund CYBR.U $0.00000 $0.00000 $0.00000 USD
Evolve Cloud
Computing Index
Fund DATA $0.00000 $0.00000 $0.00000 CAD
Evolve Cloud
Computing Index
Fund DATA.B $0.00000 $0.00000 $0.00000 CAD
Evolve Active
Canadian
Preferred Share
Fund DIVS $0.00000 $0.00000 $0.10005 CAD
Evolve Active
Global Fixed
Income Fund EARN $0.00000 $0.00000 $0.33135 CAD
Evolve Bitcoin
ETF EBIT $0.00000 $0.00000 $0.00000 CAD
Evolve Bitcoin
ETF EBIT.U $0.00000 $0.00000 $0.00000 USD
Evolve European
Banks Enhanced
Yield ETF EBNK $0.00000 $0.00000 $0.00000 CAD
Evolve European
Banks Enhanced
Yield ETF EBNK.B $0.00000 $0.00000 $0.00000 CAD
Evolve European
Banks Enhanced
Yield ETF EBNK.U $0.00000 $0.00000 $0.00000 USD
Evolve Innovation
Index Fund EDGE $0.00000 $0.00000 $0.16109 CAD
Evolve Innovation
Index Fund EDGE.U $0.00000 $0.00000 $0.08822 USD
Evolve S&P 500$(R)$
Enhanced Yield
Fund ESPX $0.00000 $0.00000 $0.00000 CAD
Evolve S&P 500(R)
Enhanced Yield
Fund ESPX.B $0.00000 $0.00000 $0.00000 CAD
Evolve S&P 500(R)
Enhanced Yield
Fund ESPX.U $0.00000 $0.00000 $0.00000 USD
Evolve
Cryptocurrencies
ETF ETC $0.00000 $0.00000 $0.00583 CAD
Evolve
Cryptocurrencies
ETF ETC.U $0.00000 $0.00000 $0.00886 USD
Evolve Ether ETF ETHR $0.00000 $0.00000 $0.00000 CAD
Evolve Ether ETF ETHR.U $0.00000 $0.00000 $0.00000 USD
Evolve S&P/TSX 60
Enhanced Yield
Fund ETSX $0.00000 $0.00000 $0.00000 CAD
Evolve Active
Core Fixed
Income Fund FIXD $0.00000 $0.00000 $0.00000 CAD
Evolve E-Gaming
Index ETF HERO $0.00000 $0.00000 $0.00000 CAD
High Interest
Savings Account
Fund HISA $0.01589 $0.00000 $0.01478 CAD
US High Interest
Savings Account
Fund HISU.U $0.11793 $0.00000 $0.03880 USD
Evolve Future
Leadership Fund LEAD $0.00000 $0.00000 $0.00000 CAD
Evolve Future
Leadership Fund LEAD.B $0.00000 $0.00000 $0.00000 CAD
Evolve Future
Leadership Fund LEAD.U $0.00000 $0.00000 $0.00000 USD
Evolve Global
Healthcare
Enhanced Yield
Fund LIFE $0.00000 $0.00000 $0.00000 CAD
Evolve Global
Healthcare
Enhanced Yield
Fund LIFE.B $0.00000 $0.00000 $0.00000 CAD
Evolve Global
Healthcare
Enhanced Yield
Fund LIFE.U $0.00000 $0.00000 $0.00000 USD
Premium Cash
Management Fund MCAD $0.00000 $0.00000 $0.04199 CAD
US Premium Cash
Management Fund MUSD.U $0.00000 $3.15032 $0.03844 USD
Evolve NASDAQ
Technology Index
Fund QQQT $0.00000 $1.19006 $0.00000 CAD
Evolve NASDAQ
Technology Index
Fund QQQT.B $0.00000 $0.61190 $0.00000 CAD
Evolve NASDAQ
Technology Index
Fund QQQT.U $0.00000 $0.00000 $0.00000 USD
Evolve NASDAQ
Technology
Enhanced Yield
Index Fund QQQY $0.00000 $0.00000 $0.00000 CAD
Evolve FANGMA
Index ETF TECH $0.00000 $0.46186 $0.00000 CAD
Evolve FANGMA
Index ETF TECH.B $0.00000 $0.72065 $0.00000 CAD
Evolve FANGMA
Index ETF TECH.U $0.00000 $0.00000 $0.00000 USD
Evolve Canadian
Utilities
Enhanced Yield
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November 29, 2024 17:00 ET (22:00 GMT)
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