Le Lézard
Classified in: Business
Subject: DIV

Hamilton Capital Announces Q4 2018 Distributions and Name Change for HCB


TORONTO, Oct. 16, 2018 /CNW/ - Hamilton Capital today announced that the name of its exchange-traded fund, the Hamilton Capital Canadian Bank Dynamic-Weight ETF is, effective immediately, changed to the Hamilton Capital Canadian Bank Variable-Weight ETF (the "ETF" or "HCB"). Class E units for the ETF continue to trade under the ticker HCB on the Toronto Stock Exchange.

The investment objective of HCB, which is to generate long-term returns consisting of long-term capital growth as well as regular dividend income by investing in an equity portfolio of Canadian banks while employing a proprietary rules-based portfolio rebalancing methodology, remain unchanged.

Monthly Distributions

Hamilton Capital is also pleased to announce the monthly distributions for HCB for the fourth quarter of 2018.

The ex-dividend date for each month's distribution is indicated in the table below (column, "Ex-dividend date"), for all unitholders of record on the applicable date (in the table, "Record date"). The distributions will be paid in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of HCB, on or about the estimated pay date ("Pay date") indicated in the table.

ETF Name

Ticker

Ex-dividend

date

Record

date

Pay date

Distribution
per Unit

Annualized
Yield (1) 

Hamilton Capital
Canadian Bank
Variable-Weight ETF

HCB

Oct.30, 2018

Oct.31, 2018

Nov.13, 2018

$0.042

3.32%

Nov.29, 2018

Nov.30, 2018

Dec.12, 2018

$0.042

3.32%

Dec.28, 2018

Dec.31, 2018

Jan.11, 2019

$0.042

3.32%



1.

Calculated using the October 12, 2018 net asset value per unit, which is available on Hamilton Capital's website.

 

Distributions will vary from period to period, and the December 2018 distribution may be amended higher in December in order to avoid HCB having a tax liability for 2018.

About Hamilton Capital Partners Inc.
Hamilton Capital is an investment manager headquartered in Toronto. Specializing in global financial services, its team of professionals has over 60 years of experience. The firm employs a specialized investment process, augmented by proprietary research, analysis, and analytical tools to manage its portfolio of investment products. Hamilton Capital is an active commentator on the global financial services sector. The firm's most recent Insights can be found at www.hamilton-capital.com.

SOURCE Hamilton Capital Partners Inc.


These press releases may also interest you

at 14:16
Gen Z and millennials are the engine of our economy. Everything that is created, built, served, and sold in Canada is increasingly being done by millennials and Gen Z. They're the young parents, the students doing cutting-edge research, the young...

at 14:16
The Honorable Jean-Yves Duclos, Member of Parliament for Quebec and Minister of Public Services and Procurement will host an event to highlight the federal budget's investments supporting young Canadian entrepreneurs and strengthening the economy in...

at 14:15
Yeelight, a pioneer in smart lighting solutions, proudly announces its collaboration with SignalRGB, empowering users to seamlessly control Yeelight products alongside other RGB devices for an immersive lighting experience. SignalRGB is a popular...

at 14:00
CodersTrust, a global EdTech Company with its headquarters in New York City, announced it signed an agreement at a ceremony on April 12th with City College of New York (CCNY) to provide programs for upskilling students and enable them to achieve...

at 13:49
The U.S. Department of State, the Bezos Earth Fund, and The Rockefeller Foundation today announced next steps for the future governance and structure of the Energy Transition Accelerator (ETA), a high-integrity carbon finance platform aimed at...

at 13:48
Engel & Völkers Dallas Fort Worth, announced that Brad Crouch and Amber Butcher, Real Estate Advisors within its Americas network, have been inducted into the brand's distinguished global Private Office network of 301 global real estate leaders out...



News published on and distributed by: