TORONTO, Jan. 23, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc.
and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs") are pleased to announce the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the
"ETFs"), for the period ending January 31, 2014, as indicated in the table
below.
The ex-dividend date for the Distributions is anticipated to be January
29, 2014 for all unitholders of record on January 31, 2014. The
Distributions will be paid in cash or, if the unitholder has enrolled
in the respective ETF's dividend reinvestment plan (DRIP), reinvested
in additional units of the applicable ETF, on or about February 12,
2014 .
|
ETF Name
|
Ticker
Symbol
|
Current
Month
Distribution
Rate
|
NAV
Change
from Prior
Month(1)
|
Current
Month
Yield(2)
|
Prior
Month
Yield(3)
|
Absolute
Change in
Yield from
Prior
Month(4)
|
|
Horizons Enhanced Income Equity ETF
|
HEX
|
$0.03831
|
4.48%
|
6.25%
|
7.66%
|
-1.41%
|
|
HEX.A
|
$0.03359
|
4.41%
|
5.46%
|
6.87%
|
-1.41%
|
|
Horizons Enhanced Income Energy ETF
|
HEE
|
$0.03988
|
2.26%
|
7.82%
|
7.42%
|
0.40%
|
|
HEE.A
|
$0.03606
|
2.18%
|
7.03%
|
6.63%
|
0.40%
|
|
Horizons Enhanced Income Gold Producers ETF
|
HEP
|
$0.03166
|
12.72%
|
6.05%
|
24.77%
|
-18.72%
|
|
HEP.A
|
$0.02740
|
12.63%
|
5.27%
|
23.98%
|
-18.71%
|
|
Horizons Enhanced Income Financials ETF
|
HEF
|
$0.04367
|
2.63%
|
5.80%
|
6.12%
|
-0.32%
|
|
HEF.A
|
$0.03782
|
2.55%
|
5.01%
|
5.33%
|
-0.32%
|
|
Horizons Enhanced Income International Equity ETF
|
HEJ
|
$0.04160
|
1.13%
|
5.84%
|
6.02%
|
-0.18%
|
|
HEJ.A
|
$0.03594
|
1.05%
|
5.05%
|
5.23%
|
-0.18%
|
|
Horizons Enhanced Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.05144
|
1.73%
|
5.41%
|
6.12%
|
-0.71%
|
|
HEA
|
$0.05144
|
N/A
|
5.41%
|
N/A
|
N/A
|
|
HEA.V
|
$0.04390
|
1.66%
|
4.62%
|
5.32%
|
-0.70%
|
|
HEA.A
|
$0.04390
|
N/A
|
4.62%
|
N/A
|
N/A
|
|
Horizons Enhanced US Equity Income ETF
|
HES
|
$0.03626
|
1.73%
|
4.60%
|
5.20%
|
-0.60%
|
|
HES.A
|
$0.03013
|
1.65%
|
3.82%
|
4.41%
|
-0.59%
|
|
Horizons Active S&P/TSX 60TM Index Covered Call ETF
|
HAX
|
$0.02459
|
3.70%
|
2.87%
|
5.98%
|
-3.11%
|
|
HAX.A
|
$0.01782
|
3.62%
|
2.08%
|
5.20%
|
-3.12%
|
|
Horizons Gold Yield ETF
|
HGY
|
$0.02723
|
1.42%
|
5.13%
|
8.44%
|
-3.31%
|
|
HGY.A
|
$0.02265
|
1.34%
|
4.27%
|
7.59%
|
-3.32%
|
|
Horizons Natural Gas Yield ETF
|
HNY
|
$0.08006
|
4.16%
|
11.50%
|
6.10%
|
5.40%
|
|
HNY.A
|
$0.07439
|
4.09%
|
10.69%
|
5.26%
|
5.43%
|
|
(1)
|
Based on the period December 18, 2013 to January 22, 2014, where the
prior month's net asset value per unit is adjusted to include the prior
month's distribution.
|
|
(2)
|
Annualized and based on the applicable January 22, 2014 net asset value
per unit which is available at www.HorizonsETFs.com.
|
|
(3)
|
Annualized and based on the applicable December 18, 2013 net asset value
per unit which is available at www.HorizonsETFs.com.
|
|
(4)
|
The absolute change of the prior month's previously announced annualized
distribution yield to the current month's annualized distribution
yield.
|
|
(5)
|
Distributions for Horizons Enhanced Income US Equity (USD) ETF are
declared and paid in U.S. dollars, including those listed under the
Canadian dollar traded tickers HEA and HEA.A. HEA and HEA.A began
trading on the TSX on January 15, 2014, therefore no prior month or
change from prior month information is available.
|
Each ETF makes Distributions to unitholders based on the amount of call
option premiums received during the month, less any amounts paid to
repurchase call options (together, "Net Call Option Premiums"), along with any dividend income received, less expenses payable by
the ETF. Net Call Option Premiums, and therefore the amounts
distributed, tend to reflect changes in the prevailing implied
volatilities, either higher or lower. Should, in the future, implied
volatility levels increase from current levels or amounts paid to
repurchase options decrease, it could generally be expected that Net
Call Option Premiums would, but not always, increase. Distributions
will vary from period to period.
For further information regarding the Distributions please visit www.HorizonsETFs.com
Certain statements may constitute a forward looking statement, including
those identified by the expression "expect" and similar expressions
(including grammatical variations thereof) to the extent they relate to
the ETFs. The forward-looking statements are not historical facts but
reflect the ETFs, the ETF's managers or Horizons ETFs' current
expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from current
expectations. These and other factors should be considered carefully
and readers should not place undue reliance on the ETF's forward
looking statements. These forward-looking statements are made as of the
date hereof and the ETFs do not undertake to update any forward-looking
statement that is contained herein, whether as a result of new
information, future events or otherwise, unless required by applicable
law.
Commissions, trailing commissions, management fees and expenses all may
be associated with investments in the ETFs. The ETFs are not
guaranteed, their values change frequently and past performance may not
be repeated. Please read the prospectus before investing.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies offering
the Horizons ETFs family of exchange-traded funds. The Horizons ETFs
family includes a broadly diversified range of investment tools with
solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. With
approximately $4.1 billion in assets under management and 73 ETFs
listed on the Toronto Stock Exchange, the Horizons ETFs family makes up
one of the largest families of ETFs in Canada. Horizons ETFs Management
(Canada) Inc. and AlphaPro Management Inc. are members of the Mirae
Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.