T Series offers a fixed payout rate* with monthly distribution, tax efficiency and the opportunity to participate in some market growth. Distributions may include dividends, capital gains and interest income; they may also include return of capital, which may be more tax-efficient than the other sources of distributions.
*A fixed payout rate is not guaranteed and may be adjusted if warranted by market conditions to protect the fund’s capital. Monthly distributions are not indicative of fund performance, rate of return, or yield and are automatically reinvested unless a cash distribution is requested. Distributions paid as a result of the capital gains realized by a fund and income and dividends earned by a fund are taxable in your hands in the year they are received. Distributions paid as a return of capital (ROC) are not taxable in the year received unless your adjusted cost base (ACB) is zero. The ACB is reduced by the amount of the ROC payment. If distributions paid by the fund are greater than the performance of the fund, then your original investment will shrink. For more information on the tax impact from the payment of ROC and the impact to your ACB over the long term, investors should consult with a tax professional.