FT Portfolios Canada Co. announces estimated 2016 annual capital gains distributions for its Exchange Traded Funds
TORONTO, Nov. 28, 2016 /CNW/ - FT Portfolios Canada Co. today announced the estimated annual capital gains distributions for its Exchange Traded Funds listed below for the 2016 tax year. Please note that these are estimated amounts only as of November 21, 2016 and reflect forward looking information which may cause the estimates to change before the ETF's December 2016 tax year-end.
These estimates are for the year-end capital gains distributions only, which will be re-invested and the resulting units immediately consolidated, so that the number of units held by each investor will not change. These estimates do not include estimates of ongoing monthly or quarterly distribution amounts.
First Trust expects to announce the final year-end distribution amounts, as well as the monthly and quarterly cash distribution amounts, on or about December 19, 2016. The record date for the 2016 annual distributions will be December 30, 2016, payable on January 9, 2017.
First Trust AlphaDEXtm U.S. Consumer Staples Sector Index ETF
First Trust AlphaDEXtm U.S. Technology Sector Index ETF
First Trust AlphaDEXtm U.S. Utilities Sector Index ETF
This notice contains forward-looking statements with respect to estimated December 2016 capital gains distributions for First Trust ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions include, but are not limited to, the actual amount of distributions received by First Trust ETFs, portfolio transactions, currency hedging transactions, and subscription and redemption activity.
SOURCE FT Portfolios Canada Co.