Auspice Capital Advisors Announces Estimated 2016 Non-Cash Distribution for GAS

TORONTO, Dec. 19, 2016 /CNW/ - Auspice Capital Advisors Ltd. ("Auspice") announced today an estimated non-cash distribution to unitholders of the Canadian Natural Gas Index ETF ("GAS" or the "ETF") for the 2016 tax year as indicated in the table below.

Please note that this is an estimated amount only. Circumstances may arise which could cause the estimate to change before the ETF's tax year end on December 31, 2016.

The ETF is required to distribute any net income and capital gains that it has earned in the year. The final annual distribution will not be paid in cash but will be reinvested and reported as a taxable distribution, and will be used to increase each unitholder's adjusted cost base for the ETF.

Auspice expects to issue a press release on or about December 30, 2016 confirming the final non-cash distribution rate. The ex-dividend date for the distribution is anticipated to be December 28, 2016, for all unitholders of record on December 30, 2016. In early 2017, the tax characteristics of the distribution for 2016 for the ETF will be reported to brokers via CDS and will be posted on our website shortly thereafter.

 ETF Name

 Ticker
Symbol

Estimated
Annual Non-
Cash
Distribution
per Unit as of
Dec. 16, 2016

Net Asset
Value per
Unit as of 
Dec. 16,
2016

Estimated
Non-Cash
Distribution as a 
% of NAV as of 
Dec. 16, 2016

Canadian Natural Gas Index ETF

GAS

$1.236

$11.0880

11.15%

 

About Auspice

Auspice is a Calgary Canada based fund manager of non-correlated alternatives which since 2006 has partnered with global institutional and retail clients. Led by a respected PM team with institutional pedigree, Auspice employs a disciplined, rules-based approach to investment management and manages a suite of award-winning and innovative investment products available in a variety of delivery mechanisms (funds, ETFs, indices, managed accounts).

Auspice is registered as a portfolio manager (IFM, CTM, EMD) in Canada and a CTA with the NFA. Auspice is the manager and trustee of the ETF, and is responsible for providing or arranging for the administrative and third party services required.

Certain statements  may  constitute  a  forward  looking  statement,  including  those  identified  by  the  expressions "estimate" or "expect" and similar expressions (including grammatical variations thereof) to the extent they relate to the ETF or Auspice Capital. The forward-looking statements are not historical facts but reflect the ETF, the ETF's managers or Auspice Capital's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  These and other factors should be considered carefully and readers should not place undue reliance on the ETF's forward looking statements. These forward-looking statements are made as of the date hereof and the ETF's does not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

Commissions, trailing commissions, management fees and expenses all may be associated with investments in the ETF. The ETF is not guaranteed, its value changes frequently and past performance may not be repeated. Please read the prospectus before investing.

SOURCE Auspice Capital Advisors Ltd.

For further information: please visit http://www.auspicecapital.com/.


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