GLOBAL X ANNOUNCES ESTIMATED 2024 ANNUAL NON-CASH DISTRIBUTION

TORONTO, Nov. 28, 2024 /CNW/ - Global X Investments Canada Inc. ("Global X") announced today the estimated non-cash distributions (the "Non-Cash Distributions") to securityholders of certain exchange traded funds (the "ETFs") it manages for the 2024 tax year as indicated in the table below. Those ETFs managed by Global X not listed in the table are not expected to have Non-Cash Distributions for the 2024 tax year.

Please note that these are estimated amounts only as of November 27, 2024. Circumstances may arise which could cause these estimates to change before the ETFs' applicable tax year ends on December 15, 2024.

Each ETF is required to distribute any net income and capital gains it has earned during the year. The Non-Cash Distributions will be automatically reinvested in additional securities of the respective ETFs and immediately consolidated so that the number of securities held by the securityholder (the outstanding securities of the ETFs) and the net asset value of the ETFs will not change as a result of the Non-Cash Distributions. The annual Non-Cash Distributions will be reported to securityholders as taxable distributions and will increase each securityholder's adjusted cost base for the respective ETF. The Non-Cash Distributions may be income and/or capital gains in nature. These estimated amounts are for the Non-Cash distributions only and do not include any estimates of the regular monthly or quarterly cash distributions, as applicable, including income and capital gains amounts that may form a part of the monthly and/or quarterly distributions.

Global X ETFs expects to announce the final year-end Non-Cash Distribution amounts, as well as any regular monthly or quarterly cash distribution amounts, on or about December 20, 2024. The ex-dividend dates for all of these distributions (cash and non-cash) are anticipated to be December 31, 2024, for all securityholders of record on December 31, 2024. In early 2025, the tax characteristics of all distributions for 2024 for the ETFs will be reported to brokers via the Clearing and Depository Services Inc. (CDS) and will be posted on our website shortly thereafter.

Ticker Symbol	ETF Name	Estimated Non-Cash Distributions per Security as of Nov. 27, 2024 (1)	Net Asset Value (NAV) per Security  as of Nov. 27, 2024	Estimated Non-Cash Distributions as a % of  NAV as of Nov. 27, 2024
AIGO	Global X Artificial Intelligence & Technology Index ETF	$0.0366	23.5644	0.16 %
CANL	Global X Enhanced S&P/TSX 60 Index ETF	$1.8454	26.1617	7.05 %
CHPS	Global X Semiconductor Index ETF	$0.7519	36.8729	2.04 %
COPP	Global X Copper Producers Index ETF	$0.7306	34.0023	2.15 %
EMML	Global X Enhanced MSCI Emerging Markets Index ETF	$0.0467	20.5274	0.23 %
EQCC	Global X All-Equity Asset Allocation Covered Call ETF	$0.2160	21.0028	1.03 %
ETHI	Global X Global Sustainability Leaders Index ETF	$1.6717	55.2525	3.03 %
HAC	Global X Seasonal Rotation ETF	$ 6.1000	31.9518	19.09 %
HAZ	Global X Active Global Dividend ETF	$0.4693	37.9712	1.24 %
HBAL	Global X Balanced Asset Allocation ETF	$1.1169	15.7965	7.07 %
HBNK	Global X Equal Weight Canadian Banks Index ETF	$0.4077	25.4618	1.60 %
HCON	Global X Conservative Asset Allocation ETF	$0.5218	13.9055	3.75 %
HEQT	Global X All-Equity Asset Allocation ETF	$1.7204	18.0765	9.52 %
HGRW	Global X Growth Asset Allocation ETF	$0.6668	25.1006	2.66 %
HURA	Global X Uranium Index ETF	$1.1141	39.7529	2.80 %
INOC	Global X Inovestor Canadian Equity Index ETF	$1.1749	16.2659	7.22 %
PPLN	Global X Pipelines & Energy Services Index ETF	$0.3494	11.7653	2.97 %
QQCC	Global X Nasdaq-100 Covered Call ETF	$0.2741	12.7928	2.14 %
TTTX	Global X Innovative Bluechip Top 10 Index ETF	$0.8557	23.3496	3.66 %
UBIL.U	Global X 0-3 Month U.S. T-Bill ETF	$0.1500	50.1224	0.30 %
USCC	Global X S&P 500 Covered Call ETF	$0.6422	20.0300	3.21 %
USCC.U		$0.4579	14.2831	3.21 %
USSL	Global X Enhanced S&P 500 Index ETF	$0.0225	23.9908	0.09 %

(1)    Distributions for all of the ETFs listed in the table are expected to be capital gains in nature.

Distributions for the ETFs will vary from period to period. For further information regarding the Distributions, please visit www.GlobalX.ca.

About Global X Investments Canada Inc. (www.GlobalX.ca)

Global X Investments Canada Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X Fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $36 billion of assets under management and 134 ETFs listed on major Canadian stock exchanges. Global X is a wholly-owned subsidiary of the Mirae Asset Financial Group, which manages more than $800 billion of assets across 19 countries and global markets around the world.

For investor inquiries:
Please contact Global X at 1-866-641-5739 (toll-free) or [phone]
[e-mail]  

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently, and past performance may not be repeated.  Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

The payment of distributions, if any, is not guaranteed and may fluctuate at any time. The payment of distributions should not be confused with an exchange traded fund's ("ETF") performance, rate of return, or yield. If distributions paid by the ETF are greater than the performance of the ETF, distributions paid may include a return of capital and an investor's original investment will decrease.  A return of capital is not taxable to the investor but will generally reduce the adjusted cost base of the securities held for tax purposes. Distributions are paid as a result of capital gains realized by an ETF, and income and dividends earned by an ETF are taxable to the investor in the year they are paid. The investor's adjusted cost base will be reduced by the amount of any returns of capital. If the investor's adjusted cost base goes below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions, if any, for tax purposes, (such as dividends/other income/capital gains, etc.) will not be known for certain until after the ETF's tax year-end. Therefore, investors will be informed of the tax characterization after year-end and not with each distribution if any. For tax purposes, these amounts will be reported annually by brokers on official tax statements.  Please refer to the applicable ETF distribution policy in the prospectus for more information.

The Global X ETFs are not sponsored, endorsed, sold, or promoted by S&P, TSX, NASDAQ MX Group, or Morningstar and their affiliated companies and none of these parties make any representation, warranty, or condition regarding the advisability of buying, selling or holding units shares in the Global X ETFs. All trademarks/service marks are registered by their respective owners. None of the owners thereof or any of their affiliates sponsor, endorse, sell, promote or make any representation regarding the advisability of investing in the Global X ETFs. Complete trademark and service-mark information are available at https://www.globalx.ca/disclaimers. 

Standard & Poor's^®" and "S&P^®" are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and have been licensed for use by Global X Investments Canada Inc. ("Global X") The Global X ETFs are not sponsored, endorsed, sold or promoted by S&P, and S&P makes no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the Global X ETFs.

Nasdaq^®, Nasdaq-100®, and Nasdaq-100 Index^® are trademarks of The Nasdaq Stock Market, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Global X Investments Canada Inc. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Global X Investments Canada Inc. ("Global X") and any related funds.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author'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 such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do 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.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products managed by Global X Investments Canada Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group.  Global X is a corporation existing under the laws of Canada and is the manager and investment manager of the Global X Funds.

© 2024 Global X Investments Canada Inc. All Rights Reserved.

SOURCE Global X Investments Canada Inc.

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