12.28.2023 Final_2023_ETF_CG_News

PRESS RELEASE

VANGUARD INVESTMENTS CANADA ANNOUNCES FINAL 2023 ANNUAL CAPITAL

GAINS DISTRIBUTIONS FOR THE VANGUARD ETFs

TORONTO (December 28, 2023) – Vanguard Investments Canada Inc. today announced the final

annual capital gains distributions for the Vanguard ETFs listed below for the 2023 tax year. This

is an update to the estimated annual capital gains distributions announced on November 15, 2023

and December 20, 2023.

These amounts are for the year-end capital gains distributions only, which will be re-invested and

the resulting units immediately consolidated, so that the number of units held by each investor

will not change. The annual capital gains distributions do not include the ongoing monthly or

quarterly cash distribution amounts, which are reported in a separate press release.

The ex-dividend date for the 2023 annual distributions for these ETFs will be December 28, 2023.

The record date will be December 29, 2023 and payable on January 8, 2024. The actual taxable

amounts of reinvested capital gains distributions for 2023, including the tax characteristics of the

distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc.) in

early-2024.

Vanguard ETF

TSX

Ticker

Symbol

Annual capital

gain per unit ($)

% of Net

Asset Value

(NAV)

Vanguard FTSE Canada Index ETF

VCE

$0.342114

0.76%

Vanguard FTSE Canada All Cap Index ETF

VCN

$0.179551

0.43%

Vanguard FTSE Canadian High Dividend Yield Index ETF

VDY

$0.138600

0.33%

Vanguard FTSE Canadian Capped REIT Index ETF

VRE

$0.330524

1.10%

Vanguard S&P 500 Index ETF

VFV

Vanguard U.S. Dividend Appreciation Index ETF

VGG

$0.026063

0.03%

Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged)

VGH

Vanguard S&P 500 Index ETF (CAD-hedged)

VSP

Vanguard U.S. Total Market Index ETF

VUN

Vanguard U.S. Total Market Index ETF (CAD-hedged)

VUS

$0.510897

0.61%

Vanguard FTSE Developed Asia Pacific All Cap Index ETF

Vanguard FTSE Developed All Cap ex U.S. Index ETF

VDU

Vanguard FTSE Developed Europe All Cap Index ETF

Vanguard FTSE Emerging Markets All Cap Index ETF

VEE

Vanguard FTSE Developed All Cap ex U.S. Index ETF (CAD-

hedged)

VEF

$0.122335

0.24%

Vanguard FTSE Developed All Cap ex North America Index ETF

(CAD-hedged)

Vanguard FTSE Developed ex North America High Dividend Yield

Index ETF

VIDY

Vanguard FTSE Developed All Cap ex North America Index ETF

VIU

Vanguard FTSE Global All Cap ex Canada Index ETF

VXC

Vanguard Canadian Aggregate Bond Index ETF

VAB

Vanguard Canadian Corporate Bond Index ETF

VCB

Vanguard Canadian Government Bond Index ETF

VGV

Vanguard Canadian Long-Term Bond Index ETF

VLB

Vanguard Canadian Short-Term Bond Index ETF

VSB

Vanguard Canadian Short-Term Corporate Bond Index ETF

VSC

Vanguard Balanced ETF Portfolio

VBAL

$0.121806

0.41%

Vanguard Conservative Income ETF Portfolio

VCIP

Vanguard Conservative ETF Portfolio

VCNS

$0.205886

0.76%

Vanguard All-Equity ETF Portfolio

VEQT

$0.053478

0.15%

Vanguard Growth ETF Portfolio

VGRO

$0.114824

0.36%

Vanguard Retirement Income ETF Portfolio

VRIF

Vanguard Global Momentum Factor ETF

VMO

Vanguard Global Value Factor ETF

VVL

Vanguard Global Minimum Volatility ETF

VVO

Forward-looking information

This notice contains forward-looking statements with respect to the 2023 year-end capital gains

distributions for the Vanguard ETFs. By their nature, these forward-looking statements involve

risks and uncertainties that could cause the actual distributions to differ materially from those

contemplated by the forward-looking statements. Material factors that could cause the actual

distributions to differ from the estimated distributions include, but are not limited to, the actual

amounts of distributions received by the Vanguard ETFs, portfolio transactions, currency hedging

transactions, and subscription and redemption activity.

To learn more about TSX-listed Vanguard ETFs, please visit www.vanguard.ca

About Vanguard

Canadians own CAD $87 billion in Vanguard assets, including Canadian and U.S.-domiciled ETFs and

Canadian mutual funds. Vanguard Investments Canada Inc. manages CAD $57 billion in assets (as of

September 30, 2023) with 37 Canadian ETFs and six mutual funds currently available. The Vanguard

Group, Inc. is one of the world's largest investment management companies and a leading provider of

company-sponsored retirement plan services. Vanguard manages USD $7.8 trillion (CAD $10.8 trillion) in

global assets, including over USD $2.2 trillion (CAD $3 trillion) in global ETF assets (as of September 30,

2023). Vanguard has offices in the United States, Canada, Mexico, Europe, Australia and Asia. The firm

offers 430 funds, including ETFs, to its more than 30 million investors worldwide.

Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a

small group of individuals, The Vanguard Group, Inc. is owned by Vanguard's U.S.-domiciled funds and

ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard

interests with those of its investors and drives the culture, philosophy, and policies throughout the

Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard's stability and

experience, low-cost investing, and client focus. For more information, please visit vanguard.ca.

###

For more information, please contact:

Matt Gierasimczuk

Vanguard Canada Public Relations

Phone: 416-263-7087

matthew_gierasimczuk@vanguard.com

Important information

Commissions, management fees, and expenses all may be associated with investment funds.

Investment objectives, risks, fees, expenses, and other important information are contained in the

prospectus; please read it before investing. Investment funds are not guaranteed, their values

change frequently, and past performance may not be repeated. Vanguard funds are managed by

Vanguard Investments Canada Inc. and are available across Canada through registered dealers.

London Stock Exchange Group companies include FTSE International Limited ("FTSE"), Frank Russell

Company ("Russell"), MTS Next Limited ("MTS"), and FTSE TMX Global Debt Capital Markets Inc. ("FTSE

service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock

Exchange Group companies and are used by FTSE, MTS, FTSE TMX and Russell under licence. All

information is provided for information purposes only. No responsibility or liability can be accepted by the

London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this

publication. Neither the London Stock Exchange Group companies nor any of its licensors make any claim,

prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be

obtained from the use of the FTSE Indexes or the fitness or suitability of the Indexes for any particular

purpose to which they might be put.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use

by The Vanguard Group, Inc. (Vanguard). Standard & Poor’s®, S&P® and S&P 500® are registered

trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark

of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use

by SPDJI and sublicensed for certain purposes by Vanguard. Vanguard ETFs are not sponsored,

endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties

make any representation regarding the advisability of investing in such product(s) nor do they have any

liability for any errors, omissions, or interruptions of the S&P 500 Index.