Compass Fund Year-End Distributions

Due to year-end distribution adjustments, you may notice some changes to your Compass holdings.

By ATB Financial 30 January 2020

Account notification

There was an under distribution to unitholders on December 31, 2019 from a number of our funds. These funds include the Compass Conservative Balanced Portfolio, Compass Balanced Portfolio, Compass Balanced Growth Portfolio, Compass Growth Portfolio, Compass Maximum Growth Portfolio, and the ATBIS US Equity Pool.

ATBIM followed policy and standard industry practice to determine an estimate of the income and capital gains to be paid at year-end from its investments in underlying funds, on a best and reasonable efforts basis. However, due to unprecedented circumstances relating to an underlying holding, the affected funds received a significantly higher distribution than originally estimated, which ultimately led to the under distribution from those funds.

Prices from December 31, 2019 to January 14, 2020 for the impacted funds will be restated. As well, transactions during this period, including purchases and redemptions, will be amended accordingly prior to January 31, 2020.

2019 T3 slips will accurately reflect both the initial and subsequent distribution amounts and corresponding income breakdowns for tax reporting purposes.

If you have any questions about these changes, please reach out to your ATB Wealth advisor.



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