The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Invesco announces estimated 2011 annual distributions for TSX-listed PowerShares ETFs

Friday, November 25, 2011

Invesco announces estimated 2011 annual distributions for TSX-listed PowerShares ETFs11:00 EST Friday, November 25, 2011TORONTO, Nov. 25, 2011 /CNW/ - Invesco today announced estimated 2011 annual distributions for the PowerShares exchange-traded funds (ETFs) listed on Toronto Stock Exchange. Unitholders of record on December 29, 2011 will receive these distributions, which will generally consist of capital gains only. The distributions will be reinvested and the resulting units immediately consolidated, so that 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 investment.Note that these figures are estimates only, as of November 18, 2011, and are subject to change prior to the December 15, 2011 taxation year-end of the ETFs. These estimates are for annual amounts only and do not include estimates of ongoing monthly or quarterly cash distributions.Final year-end distribution amounts, as well as the ongoing monthly and quarterly cash distribution amounts, will be announced on or about December 16, 2011. The tax characteristics for all distributions declared in 2011 will be reported before the end of February 2012.PowerShares ETF nameTickerEstimated annual distribution per unit ($)PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETFPSB0.00000PowerShares Ultra DLUX Long Term Government Bond Index ETFPGL0.05084PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETFPFH0.00000PowerShares Canadian Preferred Share Index ETFPPS0.00000PowerShares Canadian Dividend Index ETFPDC0.00000PowerShares QQQ (CAD Hedged) Index ETFQQC0.00000To learn more about TSX-listed PowerShares ETFs, please visit www.powershares.ca.Commissions, management fees and expenses may all be associated with investments in exchange-traded funds. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco at www.powershares.ca.There are risks involved with investing in ETFs, including the risk of error in replicating the underlying Index. Please read the prospectus for a complete description of risks relevant to the ETF. Ordinary brokerage commissions apply to purchases and sales of ETF units. ETFs are not diversified investments.Each PowerShares ETF seeks to replicate, before fees and expenses, the performance of the applicable Index and is not actively managed. This means that the Sub-advisor will not attempt to take defensive positions in declining markets but rather continue to hold each of the securities in the Index regardless of whether the financial condition of one or more issuers of securities in the Index deteriorates.This piece was produced by Invesco. Invesco is a registered business name of Invesco Canada Ltd.Invesco and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares).© Invesco Canada Ltd., 2011For further information: Aysha Mawani Vice President, Corporate Affairs Tel: 416.324.7712aysha.mawani@invesco.com