BetaPro Management, the trustee and manager of the Horizons BetaPro exchange traded funds says it anticipates that there will be no capital gains distributions paid on any of the ETFs f
BetaPro Management, the trustee and manager of the Horizons BetaPro exchange traded funds says it anticipates that there will be no capital gains distributions paid on any of the ETFs for the current calendar year.
Each of the ETFs is required to distribute any net income and capital gains that it has earned in the year.
After consideration of the applicable capital gains refund mechanism allowances and other tax considerations, BetaPro expects that none of the ETFs will be in a position to require such distributions.
Howard Atkinson, president of BetaPro Management, says: ‘This is the second consecutive year that we have achieved no capital gains distributions across our entire ETF family. We are extremely pleased that our exchange traded funds continue to deliver tax efficiency, a hallmark of ETFs, to investors.’
Final distribution rates, if any, will be announced the first week in January 2009.
