Press Release

Guardian Capital Announces Estimated Annual 2021 Special Distributions for Guardian Capital ETFs

TORONTO, December 3, 2021 – Guardian Capital LP (“Guardian Capital”) announces the estimated annual special year-end distributions (the “Special Distributions”) for the 2021 tax year for the ETF series of the Guardian Capital funds listed below (the “Guardian Capital ETFs”). Please note that these are estimated amounts as of November 19, 2021 and include certain forward-looking information, which may cause the Special Distributions to change before the Guardian Capital ETFs’ tax year-end on December 15, 2021. These estimated amounts are for the Special Distributions only and do not include the ongoing, regular monthly, quarterly or annual cash distribution amounts which are expected to be announced in a separate press release on or before December 16, 2021.

Each of the Guardian Capital ETFs is required to distribute any net income and capital gains that it has earned in the year. The Special Distributions will generally consist of capital gains and/or any excess net income at year-end. The Special Distributions will not be paid in cash, but will be reinvested and the resulting ETF units immediately consolidated so that the number of ETF units held by each investor will not change. Investors holding their ETF units outside registered plans will have taxable amounts to report and will have an increase in the adjusted cost base of their investment. In all cases, the Special Distributions will be reinvested on or about December 31, 2021 to unitholders of record on December 30, 2021. The ex-dividend date in each case is December 29, 2021.

Guardian Capital expects to announce the final, confirmed Special Distribution amounts (subject to any further revisions to per ETF unit amounts resulting from subscription and redemption activity prior to the record date) on or about December 31, 2021. The actual taxable amounts of all distributions for 2021, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) and will be posted on the Guardian Capital website in early 2022.

Guardian Capital provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they construed to be, legal or tax advice to any particular  person.

For further information, please contact Guardian Capital at 416-350-8899 or visit www.guardiancapital.com.

Forward-looking Information
This press release contains forward-looking statements with respect to the estimated Special Distributions for the Guardian Capital ETFs. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual Special Distributions to differ from the estimated Special Distributions between now and the Guardian Capital ETFs tax year-ends include, without limitation: the actual amounts of distributions received by the Guardian Capital ETFs; the actual amount of capital gains generated from sales of securities; and subscription and redemption activity in the Guardian Capital ETFs.

About Guardian Capital LP

Guardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities that span a range of asset classes, geographic regions and specialty mandates. Additionally, Guardian Capital LP manages portfolios for institutional clients such as defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds. Guardian Capital LP is a wholly owned subsidiary of Guardian Capital Group Limited and the successor to its original investment management business, which was founded in 1962. For further information on Guardian Capital LP, please call 416-350-8899 or visit www.guardiancapital.com.

About Guardian Capital LP
Guardian Capital Group Limited (Guardian) is a diversified, global financial services company operating in two main business segments: Asset Management and Wealth Management. As at June 30, 2021, Guardian had C$52 billion of assets under management and C$30 billion of assets under administration. Guardian provides, through its subsidiaries, extensive institutional and private wealth financial solutions to clients, while offering comprehensive wealth management services to financial advisors in its national mutual fund dealer, securities dealer and insurance distribution network. It also maintains and manages a proprietary investment portfolio with a fair market value of C$698 million as at June 30, 2021. Founded in 1962, Guardian’s reputation for steady growth, long-term relationships and its core values of trustworthiness, integrity and stability have been key to its success over six decades. Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively. To learn more about Guardian, visit www.guardiancapital.com.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase Guardian Capital Funds and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Commissions, management fees and expenses all may be associated with investments in Guardian Capital Funds. Please read the prospectus before investing. Guardian Capital Funds are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell ETF units of a Guardian Capital Fund on the TSX. If the ETF units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying ETF units of the Guardian Capital Funds and may receive less than the current net asset value when selling them.