Desjardins Announces 2017 Estimated Annual Reinvested Capital Gains Distributions for Desjardins ETFs

MONTREAL, Dec. 18, 2017 /CNW Telbec/ - Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor of the Desjardins Exchange Traded Funds (ETFs), announces today the estimated annual reinvested capital gains distributions for the Desjardins ETFs listed on the TSX. Unitholders of record on December 29, 2017 will receive the special distributions payable in respect of these ETFs on or about January 5, 2018. The special distributions will be reinvested and the resulting units will be immediately consolidated, so the number of units held by each investor will not change. Investors holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their units.

These estimated amounts are for the special distributions only, and do not include the ongoing periodic cash distribution amounts which are being announced in a separate press release.

DGAM expects to issue a press release on or about December 27, 2017 confirming the final amounts of the special distributions for all ETFs (subject to further revisions per unit amounts resulting from subscription and redemption activity prior to the record date). The amounts of the special distributions are estimated amounts only and may vary between December 18, 2017 and December 29, 2017. These special distributions generally consist of capital gains only.

Here is a list of the Desjardins ETFs that will pay distributions, as well as the estimated special distribution amount to be paid per unit:

To obtain additional information about the Desjardins ETFs, visit the manager's website at www.desjardinsETF.com.

About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada and the fifth largest cooperative financial group in the world, with assets of $276.3 billion. It has been rated one of the Best Employers in Canada by Aon Hewitt. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and credit ratings in the industry.

The Desjardins Exchange Traded Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Please read the prospectus before investing. Desjardins Global Asset Management Inc.  is the manager and portfolio manager of the Desjardins Exchange Traded Funds. The Desjardins Exchange Traded Funds are offered by registered dealers.

SOURCE Desjardins Group