SOURCE: Questrade Wealth Management Inc.

Questrade Wealth Management

December 16, 2016 01:28 ET

Questrade Wealth Management Announces Estimated 2016 Annual Special Distributions for Its Exchange Traded Funds

TORONTO, ON--(Marketwired - December 16, 2016) - Questrade Wealth Management Inc. is pleased to announce the following estimated annual special year-end distributions for the period ending on December 31,2016. The distribution will be paid on or before January 6, 2016 to unitholders on record on December 29, 2016 with an ex-dividend date of December 23, 2016.*

       
ETF Name  Trading Symbol  Distribution per Unit
      In Units
 Questrade Global Total Equity ETF  QGE  $0.06593273
 Questrade Fixed Income Core Plus ETF  QCP  $0.03818889
 Questrade Russell 1000 Equal Weight US Technology Index ETF Hedged to CAD  QRT  $0.0000
 Questrade Russell 1000 Equal Weight US Health Care Index ETF Hedged to CAD  QRH  $0.0000
 Questrade Russell Equal Weight US Consumer Discretionary Index ETF Hedged to CAD  QRD  $0.0000
 Questrade Russell Equal Weight US Industrials Index ETF Hedged to CAD  QRI  $0.0000
 Questrade Russell US Midcap Value Index ETF Hedged to CAD  QMV  $0.0000
 Questrade Russell US Midcap Growth Index ETF Hedged to CAD  QMG  $0.0000
      

Please note that these are estimated annual distributions only and have been calculated based upon forward-looking information as of November 30, 2016. If the forward-looking information changes, the estimated annual distributions may change as well.

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.

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, 2016. Questrade Wealth Management will announce the final distribution amounts on or about December 30, 2016. The actual taxable amounts of all distributions for 2016, 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.

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:
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
    Ruth-Anne Boyd
    Senior Manager, Communications
    Tel: 416.227.9876 x5288