ATB funds - update on 2021 year-end distributions
By ATB Investment Management Inc. 1 December 2021
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.
This report has been prepared by ATB Investment Management Inc. (“ATBIM”) which manages the Compass Portfolios and ATBIS Pools. ATBIM, ATB Securities Inc. (“ATBSI”), and ATB Insurance Advisors Inc. are wholly owned subsidiaries of ATB Financial and operate under the trade name ATB Wealth. ATBSI is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).
The mutual fund performance data provided assumes re-investment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that may reduce returns. Unit values of mutual funds will fluctuate and past performance may not be repeated. Mutual Funds are not insured by the Canada Deposit Insurance Corporation, nor guaranteed by ATBIM, ATBSI, ATB Financial, the province of Alberta, any other government or any government agency. Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund investments. Read the fund offering documents provided before investing. The Compass Portfolios and ATBIS Pools include investments in other mutual funds. Information on these mutual funds, including the prospectus, is available on the internet at www.sedar.com.
Opinions, estimates, and projections contained herein are subject to change without notice and ATBIM does not undertake to provide updated information should a change occur. This information has been compiled or arrived at from sources believed reliable but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. ATB Financial, ATBIM and ATBSI do not accept any liability whatsoever for any losses arising from the use of this report or its contents.
This report is not, and should not be construed as, an offer to sell or a solicitation of an offer to buy any investment. This report may not be reproduced in whole or in part; referred to in any manner whatsoever; nor may the information, opinions, and conclusions contained herein be referred to without the prior written consent of ATBIM.
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