TORONTO, June 20, 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 June 30, 2014, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be June 26, 2014 for all unitholders of record on June 30, 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 July 11, 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
|
$0.03804
|
1.95%
|
6.05%
|
6.53%
|
-0.48%
|
|
HEX.A
|
$0.03320
|
1.88%
|
5.26%
|
5.74%
|
-0.48%
|
|
Horizons Enhanced Income Energy ETF
|
HEE
|
$0.03445
|
4.02%
|
6.10%
|
6.65%
|
-0.55%
|
|
HEE.A
|
$0.03018
|
3.96%
|
5.31%
|
5.86%
|
-0.55%
|
|
Horizons Enhanced Income Gold Producers ETF
|
HEP
|
$0.03158
|
9.40%
|
5.82%
|
8.42%
|
-2.60%
|
|
HEP.A
|
$0.02716
|
9.33%
|
5.03%
|
7.63%
|
-2.60%
|
|
Horizons Enhanced Income Financials ETF
|
HEF
|
$0.03786
|
1.87%
|
5.02%
|
5.17%
|
-0.15%
|
|
HEF.A
|
$0.03197
|
1.81%
|
4.23%
|
4.38%
|
-0.15%
|
|
Horizons Enhanced Income International Equity ETF
|
HEJ
|
$0.03905
|
1.96%
|
5.40%
|
5.80%
|
-0.40%
|
|
HEJ.A
|
$0.03331
|
1.90%
|
4.61%
|
5.00%
|
-0.39%
|
|
Horizons Enhanced Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.05865
|
2.80%
|
6.03%
|
7.04%
|
-1.01%
|
|
HEA
|
$0.05865
|
1.85%
|
6.03%
|
7.04%
|
-1.01%
|
|
HEA.V
|
$0.05094
|
2.74%
|
5.24%
|
6.25%
|
-1.01%
|
|
HEA.A
|
$0.05094
|
1.79%
|
5.24%
|
6.25%
|
-1.01%
|
|
Horizons Active S&P/TSX 60TM Index Covered Call ETF
|
HAX
|
$0.02439
|
1.84%
|
2.73%
|
2.81%
|
-0.08%
|
|
HAX.A
|
$0.01681
|
1.77%
|
1.88%
|
1.96%
|
-0.08%
|
|
Horizons Gold Yield ETF
|
HGY
|
$0.02932
|
1.52%
|
5.36%
|
6.41%
|
-1.05%
|
|
HGY.A
|
$0.02461
|
1.46%
|
4.50%
|
5.55%
|
-1.05%
|
|
Horizons Natural Gas Yield ETF
|
HNY
|
$0.05726
|
3.06%
|
8.06%
|
9.05%
|
-0.99%
|
|
HNY.A
|
$0.05151
|
3.00%
|
7.25%
|
8.24%
|
-0.99%
|
(1) Based on the period May 21, 2014 to June 19, 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 June 19, 2014 net asset value per unit which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable May 21, 2014 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. The approximate Canadian dollar equivalent distribution rates for HEA and HEA.A are $0.06347 per unit and $0.05513 per unit, respectively. For unitholders who hold Canadian dollar traded HEA and HEA.A, distribution payments will typically be converted to Canadian dollars by the unitholder's account holder.
Each ETF does not have a fixed distribution but pays distributions monthly. Distribution rates are generally based on the average current volatility of the securities held by the ETF, along with any dividend income received, less expenses payable by the ETF. The amount of monthly cash distributions are expected to fluctuate from month to month and there can be no assurance that an ETF will make any distributions in any particular month or months. Monthly distributions will be paid in cash, unless the investor has chosen to participate in the ETF's reinvestment plan.
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 70 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., www.horizonsetfs.comCopyright CNW Group 2014