From: Sheila Brown, Chief Financial Officer
Date: February 11, 2020
Re: Endowment Payout Rate for Fiscal 2020 to be Distributed in April 2020 (PDAD&C #39)

The endowment payout rate for 2020 will be $8.34 per unit, an increase of 2% from last year’s payout rate. This payout represents 3.53% 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 $92 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
helen.choy@utoronto.ca

The annual payout for 2020 will be distributed by Monday April 20, 2020.