Distributions: Estimates & Tax Factors
The links below provide you with the annual distribution tax factors for Mackenzie-sponsored mutual funds, whether they are structured as trust funds or corporate class funds. The information is organized by calendar year and provides the total distribution paid by a fund, the taxable components of the distribution and any return of capital amount. These figures are used to produce tax receipts for non-registered accounts. Each year in advance of the actual distribution tax factors, estimates will be posted for reference.
|Calendar Year||Trust Funds||Corporate Class Funds*|
|2019||Estimates expected on or about November 15, 2019
Tax Factors expected on or about February 14, 2020*
|Year-end capital gains distribution
Year-end dividend distribution
|2018||Year-end distribution tax factors||Year-end capital gains distribution
Year-end dividend distribution
The estimated distributions are based upon approximations and information that does not reflect the funds' full taxation year. The funds' actual year-end distributions will be determined upon completion of the current tax year and may differ significantly from the amounts shown here for a variety of reasons including the occurrence of events since the estimates were first tabulated and variances resulting from the estimation process. The estimated composition of the distribution estimates also shown here are similarly subject to significant variability and importantly may differ materially from the actual factors ultimately used in compiling reporting for tax purposes due to such variability and given that actual tax factors also take into account the amount and nature of other distributions previously made by the funds in the current tax year.
If a particular fund or series is not included in the distribution estimates file, it is because Mackenzie Investments does not project it will pay a year-end distribution in 2019.
Included with the distribution estimates and factors file is an indication of the percentage of a fund's NAV per unit represented by each distribution estimate. The size of the actual distribution estimate as a percentage of a fund's NAV per unit is subject to material variation and such indicative percentages should not be relied upon.
The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.
For Funds purchased using the U.S. Dollar Settlement Option funds, Mackenzie determines the U.S. dollar amount of each distribution by taking the Canadian dollar amount and converting it to a U.S. dollar amount using the exchange rate on the day of the distribution payment.
Mackenzie Investments provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they be construed to be, legal or tax advice to any particular person.
*Trust Funds managed by Mackenzie Investments expect to make 2019 year-end distributions on or about December 20 and December 31 for funds having year-ends for tax purposes of December 15 and December 31 respectively.