TORONTO, Dec. 31, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs") confirmed today the annual distribution of capital gains to unitholders of certain of the exchange traded funds that Horizons ETFs manages (the "ETFs") for the 2014 tax year as indicated in the table below. Please note that this is an update to the estimated annual capital gains distributions previously announced on December 18 and 19, 2014. Any ETFs that were previously estimated to have a nil capital gains distribution are confirmed as such.
Each of the ETFs is required to distribute any net income and capital gains that they have earned in the year. The annual capital gains distributions will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each unitholder's adjusted cost base for the respective ETF. The capital gains distributions will be reinvested automatically in additional units of the respective ETFs and immediately consolidated so that the number of units held by the unitholder, the units outstanding of the ETFs, and the net asset value of the ETFs, will not change as a result of the capital gains distributions. These amounts are for the annual capital gains distributions and do not include the regular monthly or quarterly cash distributions, as applicable, announced on December 18 and 19, 2014.
The ex-dividend date for these distributions was December 29, 2014, for all unitholders of record on December 31, 2014. In early 2015, the tax characteristics of all distributions for 2014 for the ETFs will be reported to brokers via the Canadian Depository for Securities (CDS).
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ETF Name
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Ticker Symbol
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Final Confirmed Annual Capital Gains per Unit
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Estimated Annual Capital Gains per Unit announced on Dec. 18/19, 2014
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Horizons Active Corporate Bond ETF
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HAB
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$0.05485
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$0.05498
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HAB.A
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$0.05018
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$0.05035
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Horizons Seasonal Rotation ETF
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HAC
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$0.57103
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$0.57103
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HAC.A
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$0.44435
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$0.44435
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Horizons Active Cdn Dividend ETF
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HAL
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$0.03915
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$0.03915
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HAL.A
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$0.02906
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$0.02906
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Horizons Active Global Dividend ETF
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HAZ
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$0.28843
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$0.29197
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HAZ.A
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$0.27712
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$0.28132
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Horizons Enhanced Income US Equity (USD) ETF (1)
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HEA.U
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$1.02667
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$1.02667
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HEA
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$1.02667
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$1.02667
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HEA.V
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$1.01880
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$1.01880
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HEA.A
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$1.01880
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$1.01880
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Horizons Morningstar Hedge Fund Index ETF
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HHF
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$0.55900
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$0.55900
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HHF.A
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$0.43638
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$0.43638
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(1) 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 $1.19125 per unit and $1.18211 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.
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 more than $4.6 billion in assets under management as of November 30, 2014, and 72 ETFs listed on the TSX, 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.Copyright CNW Group 2014