Evolve Estimates Year-End Special Distributions for High Interest Savings Account Fund and US High Interest Savings Account Fund

TORONTO , Dec. 19, 2023 /CNW/ - Evolve Funds Group Inc. ("Evolve") announces the estimated year-end special cash income distribution amounts per unit (the "Special Distributions") for certain funds (the "Evolve Funds"), for the period ending December 31, 2023, as indicated in the table below.

The ex-dividend date for the Special Distributions for the High Interest Savings Account Fund ("HISA") and US High Interest Savings Account Fund ("HISU.U") is anticipated to be December 29, 2023.  Unitholders of record on December 29, 2023, will receive Special Distribution payable on or about January 8, 2024. Evolve expects to announce the final annual cash income distribution amounts on or about December 29, 2023 for all Evolve Funds. The actual taxable amounts of cash distributions for 2023, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2024.

Evolve's estimates of cash 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 Evolve Funds may pay distributions above or below these estimated ranges. 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.

Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Please read the prospectus before investing.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

About Evolve Funds Group Inc.

With over $7.5 billion in assets under management, Evolve is one of Canada's fastest growing ETF providers since launching its first ETF in September 2017. Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference.  For more information, please visit www.evolveetfs.com. 

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SOURCE Evolve ETFs