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Horizons Canadian Oil and Gas Equity Cov Call ETF T.ENCC

ENCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of Canadian companies that are involved in the crude oil and natural gas industry (currently, the Solactive Equal Weight Canada Oil & Gas Index); and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, ENCC will employ a dynamic covered call option writing program. .. To achieve its investment objective, each of ENCC and BKCC invests in an equal weighted portfolio of Canadian companies in accordance with their respective investment objectives, which may include ETFs that provide exposure to such companies.


TSX:ENCC - Post by User

Horizons Canadian Oil and Gas Equity Cov Call ETF
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Comment by spazzmanon Jan 27, 2012 3:27pm
1155 Views
Post# 19459019

RE: Fellow Hee holders

RE: Fellow Hee holders

The dividend is the sum of dividend earnings, capital gains and covered call earnings. This is why the dividend varies month to month. Therefore as long as management continues to use this formula the dividend is market related and not set by the board.

?I own all of the Horizons 'covered call' family because they cover most sectors of Canada plus US and International companies. Like HEE their yields will vary with the market. HEX, HEP, HEJ, HEA.u, HEF, HES.un. Yields range 9-16½% for the month of January.

https://www.horizonsetfs.com/pub/en/Products.aspx

?A fixed consistent dividend payer I recommend CGQ.e. Even during the financial meltdown of 2008 CGQ.e paid month after month. >18% (today is x-div day). JMHO

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