TORONTO, February 15, 2023 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the results of the special meeting (the “Meeting”) for Hamilton Enhanced Canadian Bank ETF (TSX: HCAL) (the “ETF”) that was held today, February 15, 2023. As previously announced, the Meeting was convened for unitholders to consider and vote upon a proposal to change the investment objective of the ETF (the “Investment Objective Change”). Complete details regarding the Investment Objective Change and the matters considered at the special meeting were outlined and described in the management proxy circular dated December 29, 2022 that was made available to unitholders of record as of December 28, 2022.

By an overwhelming margin, and in accordance with applicable securities law requirements, unitholders of the ETF approved all matters relating to the Investment Objective Change. Accordingly, it is expected that the Investment Objective Change will take effect on or before April 21, 2023.


Currently, the ETF seeks to replicate a 1.25 times multiple of the performance of a variable-weight Canadian bank index. Once effective, the investment objective of the ETF will be to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of the performance of an equal-weight Canadian bank index. The ETF will continue to use leverage in order to seek to achieve its investment objective. Leverage will be created through the use of cash borrowings or as otherwise permitted under applicable securities legislation.

“We are pleased with the results of today’s unitholder meeting for HCAL, and we believe the investment objective change to an equal-weight Canadian bank strategy will benefit the long-term performance for our unitholders. We look forward to continuing to provide long-term investors with the opportunity for enhanced growth potential and higher monthly income from the Canadian banks”, said Rob Wessel, Managing Partner at Hamilton ETFs.

About Hamilton ETFs

Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $2 billion in assets under management, the firm offers a suite of exchange traded funds including both rules-based and actively managed mandates. Hamilton ETFs is also an active commentator on the global financial services sector; the firm’s most recent Insights can be found at

Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

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.

For investor inquiries: Contact Hamilton ETFs at (416) 941-9888, [email protected]

For media inquiries: Contact Patrick Sommerville, Senior Partner, Head of Business Development, (416) 941-9250, [email protected].

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