Mr. Patrick Sommerville reports

HAMILTON ETFS CONFIRMS 2022 ANNUAL SPECIAL CASH DISTRIBUTIONS

Hamilton Capital Partners Inc. (Hamilton ETFs) confirmed today the annual special cash distributions for its suite of exchange-traded funds, all of which trade on the Toronto Stock Exchange, for the period ended Dec. 31, 2022. Please note, this is an update to the estimated special cash distributions previously announced on Dec. 20, 2022.

ETFs are required to distribute any net income and capital gains earned in the year. The special cash distributions will be paid in cash or, if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETFs. Note, the amounts below do not include the regular cash distributions announced on Dec. 20, 2022.

As noted and previously estimated, Hamilton ETFs confirmed that none of its ETFs will have an annual non-cash distribution for the 2022 tax year.

The record date for the special cash distributions is Dec. 30, 2022. The payment date for the special cash distributions will be Jan. 12, 2023. In early 2023, the tax characteristics of all distributions for 2022 for the ETFs will be reported to brokers via CDS.

ETF name                                          Ticker      Final special cash     Final annual non-cash
                                                  symbol        distribution per     distribution per unit
                                                                         unit (1)

Hamilton Global Financials ETF                       HFG                $1.24390                       Nil
Hamilton Canadian Bank Mean Reversion Index ETF      HCA                     Nil                       Nil
Hamilton Enhanced Canadian Bank ETF                 HCAL                     Nil                       Nil
Hamilton Enhanced Canadian Financials ETF           HFIN                     Nil                       Nil
Hamilton Enhanced Multi-Sector Covered Call ETF     HDIV                     Nil                       Nil
Hamilton Enhanced U.S. Covered Call ETF              HYLD                    Nil                       Nil
                                                  HYLD.U                     Nil                       Nil
Hamilton Enhanced Utilities ETF                     HUTS                     Nil                       Nil
Hamilton Financials Innovation ETF                   HFT                     Nil                       Nil
Hamilton U.S. Mid/Small-Cap Financials ETF (2)       HUM                $0.47382                       Nil
Hamilton Australian Bank Equal-Weight Index ETF      HBA                $0.60091                       Nil

(1) Distributions for all ETFs listed in the table are expected to be capital gains in nature.
(2) Distributions for Hamilton U.S. Mid/Small-Cap Financials ETF are declared and paid in Canadian dollars,
    including those listed under the U.S.-dollar-traded ticker HUM. The approximate U.S.-dollar equivalent
    distribution rate for HUM.U is 34.814 U.S. cents per unit. For unitholders who hold the U.S.-dollar-traded
    HUM.U, distribution payments will typically be converted to U.S. dollars by the unitholder's accountholder.

About Hamilton Capital Partners Inc. (Hamilton ETFs)

Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector. With over $1.8-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 on the Hamilton ETFs website.

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