Canada NewsWire
TORONTO, May 20, 2016
TORONTO, May 20, 2016 /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 the Horizons ETFs suite of covered call
exchange traded funds (the "ETFs"), for the period ending May 31, 2016, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be May 27, 2016, for all unitholders
of record on May 31, 2016. 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 June 10, 2016.
|
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
|
$0.03180
|
-1.37%
|
6.09%
|
6.03%
|
0.06%
|
|
HEX.A
|
$0.02771
|
-1.43%
|
5.29%
|
5.23%
|
0.06%
|
|
Horizons Enhanced Income Energy ETF
|
HEE
|
$0.05909
|
0.62%
|
5.06%
|
5.94%
|
-0.88%
|
|
HEE.A
|
$0.05006
|
0.56%
|
4.26%
|
5.14%
|
-0.88%
|
|
Horizons Enhanced Income Gold Producers ETF
|
HEP
|
$0.14770
|
6.28%
|
6.07%
|
6.05%
|
0.02%
|
|
HEP.A
|
$0.12763
|
6.21%
|
5.27%
|
5.24%
|
0.03%
|
|
Horizons Enhanced Income Financials ETF
|
HEF
|
$0.03995
|
-1.46%
|
5.88%
|
5.85%
|
0.03%
|
|
HEF.A
|
$0.03467
|
-1.53%
|
5.08%
|
5.05%
|
0.03%
|
|
Horizons Enhanced Income International Equity ETF
|
HEJ
|
$0.03580
|
-4.37%
|
7.27%
|
7.52%
|
-0.25%
|
|
HEJ.A
|
$0.03187
|
-4.43%
|
6.47%
|
6.72%
|
-0.25%
|
|
Horizons Enhanced Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.05637
|
-2.36%
|
6.56%
|
5.89%
|
0.67%
|
|
HEA
|
$0.05637
|
1.15%
|
6.56%
|
5.89%
|
0.67%
|
|
HEA.V
|
$0.04951
|
-2.43%
|
5.77%
|
5.09%
|
0.68%
|
|
HEA.A
|
$0.04951
|
1.09%
|
5.77%
|
5.09%
|
0.68%
|
|
Horizons Gold Yield ETF
|
HGY
|
$0.02424
|
0.73%
|
5.29%
|
5.82%
|
-0.53%
|
|
HGY.A
|
$0.02079
|
0.67%
|
4.54%
|
5.07%
|
-0.53%
|
|
Horizons Natural Gas Yield ETF
|
HNY
|
$0.12986
|
-2.25%
|
10.84%
|
9.89%
|
0.95%
|
|
HNY.A
|
$0.12011
|
-2.32%
|
10.02%
|
9.06%
|
0.96%
|
|
(1)
|
Based on the period April 20, 2016, to May 19, 2016, 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 May 19, 2016, net asset value per unit
which is available at www.HorizonsETFs.com.
|
|
(3)
|
Annualized and based on the applicable April 20, 2016, 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 $0.07387 per unit and $0.06488 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
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. Horizons ETFs has more than $6.0 billion of assets
under management and with 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 Global Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.
