From: Sheila Brown, Chief Financial Officer
Date: March 21, 2019
Re: Endowment Payout Rate for Fiscal 2019 to be Distributed in April 2019 (PDAD&C #66)

The endowment payout rate for 2019 will be $8.18 per unit, an increase of 2% from last year’s payout rate. This payout represents 3.52% of the opening market value of the endowments, within the 3% to 5% corridor that is in place, and the distribution will provide a total of about $88 million to beneficiaries.

More information on endowments is available in the endowment annual financial report, which is accessible at http://finance.utoronto.ca/reports/endowment/.

If you have any questions about the payout for this year, please contact:
Helen Choy
Manager Accounting Services
416- 978-2981.

The annual payout for 2019 will be distributed by Thursday April 18, 2019.