Fidelity Investments Canada Terminates Two High-Income ETFs

Fidelity Investments Canada has initiated the shutdown of two monthly income-focused ETFs, with delisting scheduled for July 24, 2026, after announcing special distributions for affected investors. The termination affects the Canadian Monthly High Income ETF and Global Monthly High Income ETF, both of which will cease trading on the Toronto Stock Exchange at Fidelity's request.

Distribution Details and Timeline

The firm disclosed estimated special reinvested distributions for Series L units, with the actual amounts to be finalized by July 27, 2026. These distributions will be automatically reinvested and consolidated immediately thereafter, meaning the number of units held by each investor will remain unchanged. The special payments are scheduled for delivery prior to the official termination date, allowing shareholders to receive their allocations before fund closure.

Fidelity emphasized that the figures announced on July 10, 2026, represent forward-looking estimates subject to adjustment. The final distribution amounts depend on multiple variables, including the actual cash generated by the underlying portfolios, currency hedging activities, portfolio transactions, and investor subscription or redemption activity through the termination date.

Impact on Investors

The terminations affect a subset of investors holding Series L units in these income-focused vehicles. Asset values and distribution schedules may have shifted due to market conditions and fund performance, which could influence the final payout amounts relative to initial estimates. Investors were advised to consult their financial advisors and review fund prospectuses before the closing date.

Fidelity Investments Canada, which oversees CAD 416 billion in assets under management as of mid-July 2026, operates a diversified platform serving financial advisors, wealth management firms, employers, institutions, and individual investors. The company remains committed to offering clients alternative investment solutions and services despite the closure of these specific funds.