Fidelity Investments Canada Terminates Two Monthly High Income ETFs

Fidelity Investments Canada has announced the closure of two income-focused exchange-traded funds, with delisting from the Toronto Stock Exchange scheduled for July 24, 2026. The firm disclosed estimated special reinvested distributions for Series L unit holders of the Fidelity Canadian Monthly High Income ETF and the Fidelity Global Monthly High Income ETF. These distributions will be automatically reinvested and consolidated, meaning the number of units each investor holds will remain unchanged despite the termination.

Distribution Details and Timeline

The estimated special reinvested distributions were calculated as of July 10, 2026, and will be paid out prior to the fund closures on July 24, 2026. Fidelity indicated that final distribution amounts will be announced on or about July 27, 2026. The company emphasized that the estimated figures represent forward-looking information subject to change based on several factors.

Material factors that could affect the final distribution amounts include the actual distributions received by the funds themselves, portfolio transactions, currency hedging activities, and subscription and redemption activity. Investors should note that these estimates carry inherent uncertainties typical of forward-looking statements in the financial sector.

Fund Background

Both terminating funds were designed to provide monthly income to Canadian investors. Fidelity Investments Canada manages approximately $416 billion in assets under management and serves financial advisors, wealth management firms, employers, institutions, and individual investors. The closure of these two products reflects ongoing portfolio adjustments within the firm's diversified product lineup.