Fidelity Investments Canada ULC said on July 17, 2026, that it will wind down two Fidelity Funds, setting July 24 as the date when they leave the Toronto Stock Exchange and terminate at the close of business. The firm also laid out how special reinvested distributions for Series L units will be handled before the shutdown.
The move affects the Fidelity Canadian Monthly High Income ETF and the Fidelity Global Monthly High Income ETF, two funds that will be de-listed at Fidelity's request. For holders of Series L units, the point today is not just that the funds are ending, but that the special distributions tied to them are moving on a fixed timetable that starts now and ends next week.
Fidelity said the estimates for the special distributions were calculated as of July 10, 2026, and are to be used only as forward-looking figures. The actual amounts may change before the final announcement, which is expected on or about July 27, 2026. That leaves investors with a near-term date for the funds' exit, but not yet the final numbers they will receive.
The company said those special distributions will be reinvested and the resulting units immediately consolidated, so the number of units held by each investor will not change. In other words, the distributions are being processed as an internal unit adjustment rather than a payout that alters share counts, even as the funds move toward termination.
Fidelity Investments Canada said it had $416 billion in assets under management as of July 14, 2026. Chris Pepper was listed as the media contact at 416-795-7762, underscoring that the announcement is the latest step in a managed end-date rather than an open-ended market event. The remaining question is the one investors will watch most closely over the next few days: how the final special reinvested distribution amounts compare with the estimates now on the table.
