Desjardins announces 2023 estimated annual reinvested distributions for Desjardins ETFs

MONTREAL, Nov. 23, 2023 /CNW/ - Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announces today the estimated annual reinvested income and/or capital gains distributions (the "reinvested distributions") for the ETFs listed on the TSX. Unitholders of record on December 29, 2023 will receive the reinvested distributions payable in respect of these ETFs on or about January 8, 2024. The reinvested distributions will be reinvested in units of the applicable ETF and the resulting units will be immediately consolidated, so that the number of units held by each investor will not change. Investors holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their units.

These estimated amounts are for the reinvested distributions only, and do not include the ongoing periodic cash distribution amounts which are being announced in a separate press release.

Please note that these are estimated reinvested distributions only, based on data as of October 31, 2023 and subject to further revisions to per unit amounts prior to the record date. DGAM expects to issue a press release on or about December 28, 2023 confirming the final amounts of the reinvested distributions for all ETFs. The amounts of the reinvested distributions are estimated amounts only and may vary between November 23, 2023 and December 28, 2023.

Here is a list of the ETFs that will pay distributions, as well as the estimated reinvested distribution amount to be paid per unit:

To obtain additional information about the Desjardins ETFs, visit the manager's website at www.desjardinsETF.com.

Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $414.1 billion. It was named one of the World's Top Female-Friendly Companies by Forbes magazine. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry

Established in 1998, Desjardins Global Asset Management (DGAM) is one of Canada's largest asset managers with in-house expertise in equity, fixed income and real assets (infrastructure, real estate) across a variety of investment vehicles. DGAM manages over $81 billion as of June 30, 2023 in institutional assets on behalf of insurance companies, pension funds, endowment funds, non-profit organizations and corporations across Canada.

With offices in Montreal, Quebec City and Toronto, our team of over 80 investment professionals uses a collaborative approach and combines innovation, accessibility and discipline to design solutions tailored to our clients' unique needs. We infuse our cooperative values into our investment process to ensure we are helping our partners and clients' assets grow in a sustainable and responsible manner.

The Desjardins Exchange Traded Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Furthermore, the Desjardins Alternative ETFs can invest in asset classes or use investment strategies that are not permitted for other types of mutual funds which may result in amplified gains and losses. Please read the prospectus before investing. Desjardins Global Asset Management Inc.  is the manager and portfolio manager of the Desjardins Exchange Traded Funds. The Desjardins Exchange Traded Funds are offered by registered dealers.

SOURCE Desjardins Group