Hamilton ETFs Announces Results of Special Meetings of Securityholders Relating to Fund Mergers

TORONTO--()--Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce that the special meetings relating to the approval of the previously announced mergers (as described in the table below) (the “Mergers”) were reconvened today. In accordance with applicable legal requirements, securityholders of each of the exchange-traded funds listed under the heading “Terminating Funds” in the table below (the “Terminating Funds”) were required to approve their Mergers.

 

TERMINATING FUND

 

CONTINUING FUND

Name

Ticker

 

Name

Ticker

Hamilton Global Bank ETF

HBG

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Hamilton Global Financials ETF

HFG

Hamilton Global Financials Yield ETF

HFY

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Hamilton Global Financials ETF

HFG

Hamilton U.S. Mid-Cap Financials ETF (USD)

HFMU.U

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Hamilton U.S. Mid/Small-Cap Financials ETF

HUM

Hamilton Canadian Bank Variable-Weight ETF

HCB

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Hamilton Canadian Bank Mean Reversion Index ETF

HCA

Hamilton Australian Financials Yield ETF

HFA

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Hamilton Australian Bank Equal-Weight Index ETF

HBA

 

By an overwhelming margin, each of the Terminating Funds approved special resolutions to authorize their Mergers:

 

TERMINATING FUND

Percentage of
Unitholders Voting

Percentage of Voting
Unitholders Voting in Favour

Percentage of Voting
Unitholders Voting Against

Hamilton Global Bank ETF

37.1%

99.85%

0.15%

Hamilton Global Financials Yield ETF

34.3%

100.00%

0.00%

Hamilton U.S. Mid-Cap Financials ETF (USD)

60.8%

99.78%

0.22%

Hamilton Canadian Bank Variable-Weight ETF

24.2%

99.78%

0.22%

Hamilton Australian Financials Yield ETF

31.6%

99.53%

0.47%

 

Accordingly, it is expected that the Mergers will take effect on or about June 26, 2020.

The Mergers are part of the evolution of the Hamilton ETFs’ offerings, which also expanded earlier this month to include the Hamilton Financials Innovation ETF (TSX: HFT), an actively managed portfolio of "blue chip" financials that are benefiting from technological innovation. Complete details regarding the Mergers and the matters considered at the special meetings were outlined in the management proxy circular dated May 19, 2020 sent to securityholders of the Terminating Funds of record as of May 18, 2020.

“We are very pleased with the results of the unitholder vote. We believe these mergers represent an extension of our commitment to providing investors with value-added ETFs in the financial service sector, including lower fees, greater investment flexibility for our actively managed ETFs, and an association with respected global index provider Solactive AG for our rules-based products,” said Rob Wessel, Managing Partner at Hamilton ETFs. “We greatly appreciate the enthusiastic response from unitholders and the continued support of our partners,” said Pat Sommerville, Head of Business Development at Hamilton ETFs.

About Hamilton Capital Partners Inc. (Hamilton ETFs)

Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector, with a portfolio management team boasting over 60 years of combined experience. The firm’s specialized investment focus is driven by proprietary research, analysis, and analytical tools. Hamilton ETFs is also an active commentator on the global financial services sector; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to U.S. news wire services.

Contacts

Patrick Sommerville, Partner, Head of Business Development, 416-941-9250, psommerville@hamiltonetfs.com
David Kidane, Regional Director, Business Development, 416-941-9681, dkidane@hamiltonetfs.com
Andréanne Dumais, Regional Director, Business Development, 416-941-9996, adumais@hamiltonetfs.com

Release Summary

Hamilton ETFs announces approval of special resolutions authorizing previously announced mergers of its exchange traded funds

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Contacts

Patrick Sommerville, Partner, Head of Business Development, 416-941-9250, psommerville@hamiltonetfs.com
David Kidane, Regional Director, Business Development, 416-941-9681, dkidane@hamiltonetfs.com
Andréanne Dumais, Regional Director, Business Development, 416-941-9996, adumais@hamiltonetfs.com