ATB funds - update on 2021 year-end distributions

By ATB Investment Management Inc. 1 December 2021

Account notification

Distribution date change

The year-end distribution date for all ATB Funds (Conservative, Conservative Balanced, Balanced, Balanced Growth, Growth, Maximum Growth, Fixed Income Pool, Canadian Equity Pool, US Equity Pool, International Equity Pool) will be moved up one business day to Dec. 30, 2021 (formerly Dec. 31). 

 

What this means

The record date will be Dec. 29, 2021. An investor purchasing a fund qualifies as a unitholder of record on the trade date, therefore an investor who purchases units of an ATB Fund on Dec. 29 will be eligible to receive the distribution.  

Investors who buy:

  • On or before Dec. 28, 2021 will receive the distribution end of day on Dec. 30, 2021, and the distribution will be posted to their account on Dec. 31, 2021.
  • On Dec. 29, 2021 will receive the distribution on Dec. 31, 2021, and the distribution will be posted to their account on Jan. 4, 2022 as the fund purchase must settle before the distribution is paid.
  • On or after Dec. 30, 2021 are not eligible for the 2021 distribution.

 

How this benefits unitholders

There is no longer a delay between the (lower) post-distribution net asset value (NAV)— which accounts for the additional units outstanding in a fund—and the investor receiving the distribution into their account. In the past, this delay in the ability to see the distribution via ATB Investor Connect caused concern for investors because it appeared the market value of their investment had declined; this date change addresses that concern over the Jan. 1 - 4 period.

 

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