Mr. Patrick Sommerville reports

HAMILTON ETFS ANNOUNCES ESTIMATED 2023 SPECIAL CASH DISTRIBUTIONS

Hamilton Capital Partners Inc. has estimated special cash distributions for the 2023 tax year for holders of certain of its exchange-traded funds. Those ETFs managed by Hamilton ETFs that are not included in the attached table are not expected to have special cash distributions for the 2023 tax year.

Please note that these are estimates only. Circumstances may arise that could cause these estimates to change before the ETFs' applicable tax year ends on Dec. 15, 2023.

ETFs are required to distribute any net income and capital gains earned in the year. The distributions labelled as estimated special cash distributions per unit in the attached table will be paid in cash or, if the unitholder has enrolled in the dividend reinvestment plan, reinvested in additional units of the ETFs, on or about Jan. 8, 2024.

The estimated amounts shown in the attached table do not include any estimates of the regular monthly or quarterly cash distributions. Hamilton ETFs expects to announce the updated estimates of the special cash distributions, as well as regular monthly and quarterly cash distribution amounts, on or about Dec. 20, 2023. The ex dividend date for all of these distributions is anticipated to be Dec. 28, 2023, for all unitholders of record on Dec. 29, 2023. In early 2024, the tax characteristics of all 2023 distributions will be reported to brokers through CDS.

                     ESTIMATED 2023 SPECIAL CASH DISTRIBUTIONS

ETF name                                          Ticker    Estimated special cash 
                                                  symbol    distributions per unit 
                                                                            (1) (2)

Hamilton Australian Bank Equal-Weight Index ETF      HBA                    $0.790
Hamilton Canadian Bank Mean Reversion Index ETF      HCA                    $0.165

(1) The special cash distribution for Hamilton Australian Bank Equal-Weight 
Index ETF listed in the table is expected to be composed of capital gains.
(2) The special cash distribution for Hamilton Canadian Bank Mean Reversion 
Index ETF listed in the table is expected to be composed primarily of 
dividend income.

About Hamilton Capital Partners Inc.

With over $3-billion in assets under management, Hamilton ETFs is one of Canada's fastest-growing ETF providers, offering a suite of innovative exchange-traded funds designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial service sector and Canadian banks. The firm's most recent insights can be found at the Hamilton ETFs website.

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

We seek Safe Harbor.