TORONTO, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Equium Capital Management Inc. announced today the estimated year-end reinvested distribution for the 2017 tax year for its exchange-traded series (“ETF series”) of Equium Global Tactical Allocation Fund (TSX:ETAC) (the “Fund”) that trades on the Toronto Stock Exchange (“TSX”). Please note this is an estimated amount only as of November 30, 2017 and reflects forward-looking information. The actual reinvested distribution may differ materially from this estimate.

This is an estimated distribution of undistributed net income and/or capital gains. The distribution will be reinvested in additional shares of the ETF series. The additional shares will be immediately consolidated with the shares previously outstanding, so the number of shares outstanding following the distribution will equal the number of shares outstanding prior to the distribution.

Equium Capital Management Inc. expects to announce the final year-end reinvested distribution amount for its ETF on or about December 28, 2017. The record date for these distributions will be December 29, 2017. The actual taxable amount distributed in 2017, including the tax characteristics of this amount, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2018.

Details of the estimated per-share distribution amount are as follows:

FundTicker
Symbol
Estimated Year-End Reinvested
Distribution Per Share
CUSIPISINExchange
Equium Global Tactical Allocation FundETAC$0.0165458829478V103CA29478V1031TSX

The ETF series is designed to provide investors with an additional point of access to the Fund. The Fund seeks enhanced capital protection while aiming to deliver long-term capital appreciation by investing primarily in a mix of global equity securities, fixed income investments, derivative securities, and money market instruments. The Fund may obtain exposure to these securities directly or through exchange-traded funds. Full details of the Fund are available at www.equiumcapital.com/resources.

About Equium Capital Management Inc.

Equium Capital Management Inc., a boutique investment management firm focused on global, multi-asset portfolio solutions, is the manager and portfolio manager of Equium Global Tactical Allocation Fund. Equium Capital’s consistent and conservative investment process reflects the Investment Committee’s extensive experience around the globe and combines top-down technical analysis with bottom-up fundamental research, aiming to better protect and grow wealth through the cycle. For further information, please visit www.equiumcapital.com.

For more information, please contact:

Cameron B. Hurst
Chief Executive Officer & Chief Investment Officer
(416) 304-9360
e-mail: cameron.hurst@equiumcapital.com

Adam Murl
Chief Financial Officer & Head of Research
(416) 304-9359
e-mail: adam.murl@equiumcapital.com

Commissions, management fees and expenses may all be associated with investments in the ETF series of a mutual fund. Investors should carefully considering a fund’s investment objectives and strategies, risks, fees and expenses before investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing. ETF series trade like stocks, fluctuate in market value and may trade at prices above or below the fund’s net asset value. Mutual 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 Exchange Traded Fund’s performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.