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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Emerge Announces Estimated Annual Distributions for Emerge ARK ETFs

December 17, 2021 GMT

TORONTO--(BUSINESS WIRE)--Dec 17, 2021--

Emerge Canada Inc. (“Emerge”) today announced the estimated annual capital gains distributions per unit for the exchange-traded series of units of the Emerge ARK ETFs set out below (the “Funds”) for the 2021 tax year. Please note that these are estimated amounts only as of December 15, 2021, and reflect forward-looking information which may cause these estimates to change.

These estimates are for the year-end capital gains distribution only, which will be reinvested in additional units of the respective Fund at year-end. The additional units will be immediately consolidated with the previously outstanding units such that the net asset value per unit of the respective Fund following the distribution and reinvestment is the same as it would have been if the distribution had not been paid.

The record date for the distributions is December 22, 2021 and the distributions are payable on December 31, 2021. Emerge expects to announce the final distribution amounts on or about December 23, 2021. Details regarding the estimated distribution amounts are as follows:

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Fund

Ticker
Symbol

  Estimated Annual Capital Gains
Distribution Per Unit (CAD)

Emerge ARK Global Disruptive Innovation ETF
(ETF Series Units)

EARK

$0.398

EARK.U

$0.399

Emerge ARK Genomics & Biotech ETF
(ETF Series Units)

EAGB

$0.500

EAGB.U

$0.503

Emerge ARK Fintech Innovation ETF
(ETF Series Units)

EAFT

$0.000

EAFT.U

 

Fund

Ticker
Symbol

Estimated Annual Capital Gains
Distribution Per Unit (CAD)

Emerge ARK AI & Big Data ETF
(ETF Series Units)

EAAI

$7.041

EAAI.U

$7.047

Emerge ARK Autonomous Tech & Robotics ETF
(ETF Series Units)

EAUT

$1.941

EAUT.U

$1.945

Emerge ARK Space Exploration ETF
(ETF Series Units)

EAXP

$0.000

EAXP.U

The actual taxable amounts of reinvested and cash distributions for 2021, including the tax characteristics of the distributions, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2022.

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Distributions for the Funds will vary from period to period. For further information regarding the Distribution, please visitwww.emergecm.ca

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

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. Emerge 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 Emerge Canada Inc.

Emerge Canada Inc. provides clients with elite investment strategies. Currently, Emerge offers the Funds, which are sub-advised by Emerge Capital Management Inc., which has retained ARK Investment Management LLC (“ARK Invest”) to provide investment advice in respect of the Funds.

ARK Invest is providing thematic research and investment recommendations for each of the Funds. Please find a brief description below.

ARK Invest is a Manhattan-based thematic disruptive innovation technology specialist that is headed by Catherine Wood, CEO/CIO and Founder. Cathie Wood is gaining broad industry recognition for her ground-breaking work in thematic disruptive investing. Accompanying Catherine Wood is an analyst team with deep subject matter expertise and is focused in the technology themes ARK Invest feels are the fastest growing in the world. ARK Invest, as well as being a leader in disruptive investing, has achieved strong performance and industry recognition. For more information, please visit www.emergecm.ca.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211217005557/en/

CONTACT: Media:

Emerge Canada Inc.

Allison Langley, Marketing Manager

T: 416 934 1321

E: alangley@emergecm.ca

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Emerge Canada Inc.

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PUB: 12/17/2021 02:09 PM/DISC: 12/17/2021 02:09 PM

http://www.businesswire.com/news/home/20211217005557/en