TORONTO, Sept. 22, 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 September 30, 2016, as indicated in
the table below.
The ex-dividend date for the Distributions is anticipated to be September 28, 2016, for all
unitholders of record on September 30, 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 October 13, 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
|
$0.02915
|
-0.05%
|
5.22%
|
4.57%
|
0.65%
|
|
HEX.A
|
$0.02477
|
-0.11%
|
4.42%
|
3.77%
|
0.65%
|
|
Horizons Enhanced Income Energy ETF
|
HEE
|
$0.05899
|
-2.88%
|
4.81%
|
3.93%
|
0.88%
|
|
HEE.A
|
$0.04948
|
-2.95%
|
4.01%
|
3.13%
|
0.88%
|
|
Horizons Enhanced Income Gold Producers ETF
|
HEP
|
$0.29756
|
-3.89%
|
10.83%
|
9.74%
|
1.09%
|
|
HEP.A
|
$0.27432
|
-3.93%
|
10.03%
|
8.94%
|
1.09%
|
|
Horizons Enhanced Income Financials ETF
|
HEF
|
$0.05174
|
2.59%
|
7.39%
|
6.67%
|
0.72%
|
|
HEF.A
|
$0.04633
|
2.53%
|
6.59%
|
5.87%
|
0.72%
|
|
Horizons Enhanced Income International Equity ETF
|
HEJ
|
$0.03184
|
1.25%
|
6.01%
|
5.43%
|
0.58%
|
|
HEJ.A
|
$0.02760
|
1.18%
|
5.21%
|
4.63%
|
0.58%
|
|
Horizons Enhanced Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05560
|
-0.54%
|
6.21%
|
5.09%
|
1.12%
|
|
HEA
|
$0.05560
|
0.69%
|
6.21%
|
5.09%
|
1.12%
|
|
HEA.V
|
$0.04844
|
-0.61%
|
5.41%
|
4.29%
|
1.12%
|
|
HEA.A
|
$0.04844
|
0.62%
|
5.41%
|
4.29%
|
1.12%
|
|
Horizons Gold Yield ETF
|
HGY
|
$0.02278
|
-0.44%
|
4.77%
|
4.76%
|
0.01%
|
|
HGY.A
|
$0.01919
|
-0.50%
|
4.02%
|
4.01%
|
0.01%
|
|
Horizons Natural Gas Yield ETF
|
HNY
|
$0.10248
|
9.40%
|
7.33%
|
7.92%
|
-0.59%
|
|
HNY.A
|
$0.09093
|
9.33%
|
6.50%
|
7.11%
|
-0.61%
|
|
|
|
|
|
|
|
(1) Based on the period from August 22, 2016 to September 21,
2016, where the prior month's NAV (net asset value) per unit is adjusted to include the prior month's distribution.
(2) Annualized and based on the applicable September 21, 2016 NAV per unit, which is
available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable August 22, 2016 NAV 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 $0.07288 per unit and $0.06349 per unit,
respectively. For unitholders who hold the 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 $6.5 billion of
assets under management. With 75 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.
