Vanguard Investments Canada Announces 2025 Capital Gains Distributions

Vanguard Investments Canada Inc. has revealed the final annual capital gains distributions for its Exchange-Traded Funds (ETFs) for the 2025 tax year. This announcement, made on December 30, 2025, updates the previously estimated distributions disclosed on November 18 and December 19, 2025. The distributions will be reinvested, ensuring that the total number of units held by investors remains unchanged.

The final capital gains distributions pertain solely to year-end gains. These figures do not include monthly or quarterly cash distributions, which are detailed in separate communications. The ex-dividend date for the 2025 annual distributions is noted as December 30, 2025, with the record date also set for the same day. Payments will be processed on January 7, 2026. Taxable amounts related to the reinvested capital gains will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2026.

Vanguard Investments Canada manages a significant portfolio, with CAD $130 billion in assets under management as of November 30, 2025. This includes 38 Canadian ETFs and ten mutual funds. Overall, Canadians hold approximately CAD $173 billion in Vanguard assets, which encompass both Canadian and U.S.-domiciled ETFs.

Details on Capital Gains Distributions

The announcement highlights that the actual capital gains distributions may vary from the estimates due to several factors. These include the actual amounts received from the Vanguard ETFs, portfolio transactions, currency hedging activities, as well as subscription and redemption activity.

Vanguard’s structure is unique in the investment management industry. Unlike traditional firms that are publicly traded or privately owned, The Vanguard Group, Inc. is owned by its U.S.-domiciled funds and ETFs, which are ultimately owned by the investors. This mutual structure aligns the interests of Vanguard with those of its clients, fostering a culture that prioritizes low-cost investing and client focus.

Vanguard operates globally, managing over USD $11.9 trillion (approximately CAD $16.4 trillion) in assets, including more than USD $4 trillion (about CAD $5.5 trillion) in global ETF assets as of October 31, 2025. The firm provides services to more than 50 million investors worldwide, with offices located in the United States, Canada, Mexico, Europe, and Australia.

Understanding Investment Risks

Investors should be aware that investment funds involve various risks and expenses. Commissions, management fees, and other costs may apply. For comprehensive details regarding investment objectives, risks, fees, and other significant information, it is crucial to refer to the prospectus before making any investment decisions.

Vanguard funds are managed by Vanguard Investments Canada Inc. and are accessible across Canada through registered dealers. The firm emphasizes the importance of understanding that investment values can fluctuate frequently, and past performance may not predict future results.

For further information about Vanguard’s offerings, interested parties can visit [www.vanguard.ca](http://www.vanguard.ca).

For media inquiries, please contact:

Matt Gierasimczuk
Vanguard Canada Public Relations
Phone: 416-263-7087
Email: [email protected]