Toronto, March 26, 2018 – Galileo Global Equity Advisors Inc. is announcing an additional distribution of $0.20112 per unit representing net income for 2017 which will be reinvested and immediately consolidated. Reinvested distributions, net of any required withholding tax, will be reinvested automatically in additional units at a price equal to the NAV per unit of the ETF and the units will be immediately consolidated such that the number of the outstanding units following the distribution will equal the number of units outstanding prior to the distribution. As a result, this additional distribution will not have any impact on the net asset value of the ETF.
This is in addition to the $0.009/unit income distribution which was paid out in cash announced in the press release dated December 19, 2017.
Revised tax information and factors will be submitted through CDS. The revised information needs to be included in the tax return of holders of record as of December 29, 2017.
The record date for the distribution was December 29, 2017 with a payment date of March 29, 2018.
About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 40 years when it began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides money management and other services to U.S. Global Investors Funds, U.S. Global ETFs and other international clients.
About Galileo Global Equity Advisors
With over 25 years of experience specializing in the small and micro-cap equity space, Galileo Global Equity Advisors has become one of Canada’s premier boutique investment managers specializing in smaller company investment strategies.