SOURCE: Questrade Wealth Management Inc.

Questrade Wealth Management

December 23, 2015 12:36 ET

Questrade Wealth Management Announces December 2015 Distributions for Its Exchange Traded Funds

TORONTO, ON--(Marketwired - December 23, 2015) - Questrade Wealth Management Inc. is pleased to announce the following distributions for the period ending on December 31, 2015. The distribution will be paid on or before January 8, 2016 to unitholders on record on December 30, 2015 with an ex-dividend date of December 24, 2015.*

     
ETF Name Trading Symbol Distribution per Unit
    In Cash In Units
Questrade Global Total Equity ETF QGE $0.00 $0.00
Questrade Fixed Income Core Plus ETF QCP $0.00 $0.00
Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD QRT $0.00 $0.00
Questrade Russell 1000 Equal Weight US Health Care Index ETF Hedged to CAD QRH $0.00 $0.00
Questrade Russell Equal Weight US Consumer Discretionary Index ETF Hedged to CAD QRD $0.00 $0.00
Questrade Russell Equal Weight US Industrials Index ETF Hedged to CAD QRI $0.00 $0.00
       

Questrade Wealth Management Inc. is pleased to announce the following distributions for the period ending on December 15, 2015. The distribution will be paid on or before January 8, 2016 to Unitholders on record on December 30, 2015 with an ex-dividend date of December 24, 2015.

             
ETF Name   Trading Symbol   Distribution per Unit    
        In Cash   In Units
Questrade Russell US Mid-Cap Value Index ETF Hedged to CAD   QMV   $0.00   $0.14414297
Questrade Russell US Mid-Cap Growth Index ETF Hedged to CAD   QMG   $0.00   $0.02583343
             

Please note that these are estimated annual distributions only and have been calculated based upon forward-looking information as of December 15, 2015. If the forward-looking information changes, the estimated annual distributions may change as well.

Commissions, management fees and expenses all may be associated with investments in 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.

*Please note that these are estimates only as of the date of the press release and may change prior to the year end of December 31, 2015. Questrade Wealth Management will announce the final distribution amounts on or about January 8, 2016. The actual taxable amounts of all distributions for 2015, including the tax characteristics of the distributions, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2016. It is anticipated that each Questrade ETF will qualify, or will be deemed to qualify, at all times as a "mutual fund trust" within the meaning of the Tax Act. QWM Investors may need to file a revised 2015 income tax return based on the tax treatment of Questrade ETFs. All distributions will be reinvested and paid by the issuance of units of the fund. The reinvested distributions will increase the unitholder's adjusted cost base for the respective ETF.

Questrade, Inc. is a member firm of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund.

About Questrade Financial Group Inc.:
Questrade Financial Group Inc. ("QFG") and its affiliated companies provide financial products and services to Canadians including securities, foreign currency, investment and wealth management. In 2014, Questrade's CEO was named as EY Entrepreneur of the Year (Ontario) in the services category, and since 2011, Questrade has been ranked one of Canada's Best Managed Companies. Questrade Financial Group is headquartered in Toronto.

About Questrade Wealth Management, Inc.:
Questrade Wealth Management Inc. ("QWM") manages and administers Questrade ETFs and provides professional investment management services through Portfolio IQ. QWM is an investment and portfolio manager. Fees and expenses may be associated with investments in any exchange traded fund. Please read the prospectus carefully before investing. QWM is a wholly owned subsidiary of QFG.

Contact Information

  • For more information:
    Lynn Suderman
    Director, Communications
    Tel: 416.705.5476