Investors in two Fidelity exchange-traded funds face an approaching end date, with both products set to terminate after trading closes on July 24, 2026. Before then, Fidelity Investments Canada ULC plans to pay special reinvested distributions for their Series L units.
The estimated distribution for Fidelity Canadian Monthly High Income ETF is small at $0.00067 per unit, while no estimated amount was listed for Fidelity Global Monthly High Income ETF. Fidelity cautioned that the figures are forward-looking estimates and could change before final amounts are announced.
Two ETFs Scheduled to Leave the TSX
Fidelity requested that the Toronto Stock Exchange delist the two ETFs, with delisting and termination scheduled for the close of business on July 24. The affected funds are identified by the trading symbols FCMI and FCGI.
| ETF | Ticker | CUSIP | Estimated Special Distribution per Unit |
|---|---|---|---|
| Fidelity Canadian Monthly High Income ETF | FCMI | 31609T106 | $0.00067 |
| Fidelity Global Monthly High Income ETF | FCGI | 31623K107 | — |
The ISIN for FCMI is CA31609T1066, while FCGI carries ISIN CA31623K1075. The estimates were calculated as of July 10, 2026.
How the Special Distribution Works
The special distributions will be reinvested rather than paid out in cash under the process described by Fidelity. Units created through the reinvestment will then be immediately consolidated, leaving each investor with the same number of units held before the distribution.
Fidelity said the distributions are expected to be paid before the ETFs terminate on July 24. Final special reinvested distribution amounts are expected to be announced on or about July 27, 2026.
Why the Estimate May Change
Fidelity said actual distributions may differ materially from the current estimates because the figures involve forward-looking information. Factors cited include distributions received by the ETFs, portfolio transactions, currency-hedging transactions, and subscription and redemption activity.
Fidelity Investments Canada said it had $416 billion in assets under management as of July 14, 2026. The firm said its investment products are available through financial advisors and online trading platforms.
Fidelity also notes that exchange-traded funds are not guaranteed and their values can change frequently. Investors may experience gains or losses, and commissions, management fees, brokerage fees, and other expenses may apply.
