Guardian Capital Confirms Annual 2023 Special Distributions for Guardian Capital ETFs
TORONTO, December 29, 2023 – Guardian Capital LP (“Guardian Capital”) announces the confirmed amounts of the annual special year-end distributions (the “Special Distributions”) for the 2023 tax year for the ETF series of the Guardian Capital funds listed below (the “Guardian Capital ETFs”).
| Guardian Capital ETFs | Series of ETF Units | TSX Trading Symbol | Confirmed Special Distribution Amount (per ETF Unit) |
| Guardian Canadian Bond Fund | ETF Units | GCBD | CAD $0.0074 |
| Guardian Canadian Focused Equity Fund | ETF Units | GCFE | CAD $0.1714 |
| Guardian Directed Equity Path Portfolio | Hedged ETF Units | GDEP | CAD $0.0421 |
| Guardian International Equity Select Fund | ETF Units | GIES | CAD $0.0894 |
| Guardian Ultra-Short U.S. T-Bill Fund | ETF Units | GUTB.U | USD $0.3008 |
| The Guardian Capital ETFs listed below will not be paying any Special Distributions: | |||
| Guardian Canadian Sector Controlled Equity Fund | Unhedged ETF Units | GCSC | CAD $0 |
| Guardian Directed Equity Path Portfolio | Unhedged ETF Units | GDEP.B | CAD $0 |
| Guardian Directed Premium Yield Portfolio | Hedged ETF Units | GDPY | CAD $0 |
| Guardian Directed Premium Yield Portfolio | Unhedged ETF Units | GDPY.B | CAD $0 |
| Guardian Fundamental All Country Equity ETF | Unhedged ETF Units | GGAC | CAD $0 |
| Guardian Fundamental Emerging Markets Equity ETF | Unhedged ETF Units | GGEM | CAD $0 |
| Guardian i3 Global Quality Growth ETF | Hedged ETF Units | GIQG | CAD $0 |
| Guardian i3 Global Quality Growth ETF | Unhedged ETF Units | GIQG.B | CAD $0 |
| Guardian i3 US Quality Growth ETF | Hedged ETF Units | GIQU | USD $0 |
| Guardian i3 US Quality Growth ETF | Unhedged ETF Units | GIQU.B | USD $0 |
| Guardian Ultra-Short Canadian T-Bill Fund | ETF Units | GCTB | CAD $0 |
| GuardPathTM Managed Decumulation 2042 Fund | ETF Units | GPMD | CAD $0 |
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 29, 2023 to unitholders of record on December 28, 2023. The ex-dividend date in each case is December 27, 2023, with the exception of Guardian Ultra-Short Canadian T-Bill Fund and Guardian Ultra-Short U.S. T-Bill Fund which are money market funds and which have an ex-dividend date of December 28, 2023.
These confirmed amounts are for the Special Distributions only and do not include the ongoing regular monthly, quarterly or annual cash distribution amounts which were announced on December 13, 2023, in a separate press release. These confirmed Special Distribution amounts replace the previous estimates announced on December 1, 2023.
The actual taxable amounts of all distributions for 2023, 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 2024.
For further information regarding the Guardian Capital ETFs, please visit www.guardiancapital.com/investmentsolutions.
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 Group Limited
Guardian Capital Group Limited (“Guardian”) is a global financial services company, which provides extensive investment management services to institutional, retail and private high and ultra-high-net worth clients through its subsidiaries. As at September 30, 2023, Guardian had C$56.2 billion of total client assets, while managing a proprietary investment portfolio with a fair market value of C$1.28 billion. 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.
For further information, please contact:
Angela Shim
AShim@guardiancapital.com
Unlike traditional exchange traded funds (“ETFs”), the GuardPathTM Managed Decumulation 2042 Fund (the “GuardPath ETF”) is a unique investment fund structure and investors should carefully consider whether his or her financial condition and investment objectives are aligned with this retirement-focused investment. The GuardPath ETF may be suitable for an investor primarily concerned about having sufficient income in retirement, especially in the later years of their life. It may not be suitable for an investor whose primary objective is to leave capital behind for their estate. The GuardPath ETF is not an insurance company, nor an insurance or annuity contract and unitholders will not have the protections of insurance laws. Distributions provided by the GuardPath ETF are not guaranteed or backed by an insurance company or any third party. The long-term total return and the sustainability of the rate of distributions of the GuardPath ETF may be impacted by volatility and sequence of returns risk. This is not a complete list of the risks associated with an investment in the GuardPath ETF. Please refer to the prospectus of the GuardPath ETF for details.
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 ETFs 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 the Guardian Capital ETFs. Please read the prospectus before investing. For ETFs other than money market funds, unit values change frequently. ETFs are not guaranteed and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the Toronto Stock Exchange (“TSX”). If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. ETF and mutual fund securities, including units of the Guardian Capital ETFs, are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the Guardian Ultra-Short Canadian T-Bill Fund or the Guardian Ultra-Short U.S. T-Bill Fund will be able to maintain the net asset value per unit of the mutual fund units at a constant amount or that the full amount of your investment in these money market funds will be returned to you.
All trademarks, registered and unregistered, are owned by Guardian Capital Group Limited and are used under license.
