A Notional Distribution occurs when a distribution is made in the form of units, which are then immediately consolidated with the units held prior to the distribution, so that the total number of units held after the distribution is identical to the number of units held prior to the distribution.
The Notional Distribution has been made to all unitholders of record of the ETF as indicated in the table below:
Mackenzie ETF | Ticker | Record | Non-Cash |
| MEQT | February | 1.31968 |
As at the record date indicated above, the ETF did not qualify as a mutual fund trust under the Income Tax Act (
The Tax Act contains special rules for deeming a tax year end when a taxpayer becomes or ceases to be a financial institution and for determining the income of financial institutions. This includes, but is not limited to, the realization and recognition on income account of all unrealized gains or losses on mark-to-market property held by the financial institution at the end of any given tax year when the "mark-to-market" rules apply. On the date following the record date indicated above, the ETF ceased to be a financial institution, as such term is defined under the Tax Act. As a result of this change of status, the ETF is required to recognize a deemed year-end for tax purposes and distribute any net income and net realized capital gains earned or realized as applicable by the ETF up until the deemed year end (reflected by the record date indicated above).
In early 2025, the tax characteristics of all distributions for 2024 for the ETF will be reported to brokers via the
Further information about Mackenzie ETFs can be found at mackenzieinvestments.com/etf.
Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated.
The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an
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