Fidelity Funds will de-list two terminating ETFs on July 24, 2026, after Fidelity Investments Canada ULC said on July 17 that holders of Series L units will receive estimated special reinvested distributions. The units will be closed out at the end of the process, but the number of units held by each investor will not change.
July 17 set the timetable
Two funds are in scope: Fidelity Canadian Monthly High Income ETF and Fidelity Global Monthly High Income ETF. Fidelity said the special distributions are payable before the July 24 termination date, and the resulting units will be immediately consolidated after reinvestment.
$416 billion in assets under management was the scale Fidelity Investments Canada reported as of July 14, 2026. Against that backdrop, the move is a targeted shutdown of two products rather than a companywide change, and it gives Series L holders a short window before the funds leave the Toronto Stock Exchange.
Chris Pepper, Vice-President, Corporate Affairs, Fidelity Investments Canada ULC, was listed as a media contact for the announcement. Fidelity also issued the company statement, “At Fidelity Investments Canada, our mission is to build a better future for our clients.”
Series L units stay level
Series L holders are being told to expect reinvestment, not a cash payout that changes their share count. The distribution will be added back into the funds and then consolidated into units immediately, so the mechanics should leave the number of units unchanged even as the portfolio value is adjusted.
The figures remain estimates because they were set as of July 10, 2026, and Fidelity said the final special reinvested distribution amounts should be announced on or about July 27, 2026. Those amounts can move before then if distribution receipts, portfolio transactions, currency hedging transactions, or subscription and redemption activity change the underlying calculation.
What still matters for holders of Series L is the final per-unit amount. Until that July 27 update, the only concrete action is to track the closing date on July 24 and the final distribution notice that follows three days later.
