Evolve Announces Estimated Annual Distributions for Certain Evolve ETFs

TORONTO, Dec. 23, 2019 /CNW/ -A Evolve Funds Group Inc. ("Evolve") announces the estimated special year end non-cash notional, reinvested income and capital gains distribution per unit (the "Distributions") for certain ETFs (the "Evolve ETFs") for the 2019 tax year. Please note that these are estimated amounts only as of December 23, 2019 and could change if the Evolve ETFs experience subscriptions or redemptions prior to the ex-dividend date or due to other factors.These estimates are for the annual non-cash capital gains and income distributions, which 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.Evolve expects to announce the final annual reinvested distribution amounts on or about December 30, 2019, for all funds. The record date for the 2019 annual distributions will be December 31, 2019, payable on January 10, 2020. The actual taxable amounts of reinvested and cash distributions for 2019, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2020. Details regarding the "per unit" distribution amounts are as follows:

Evolve ETFs
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