TORONTO, Feb. 17, 2017 /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 February 28, 2017, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be February 24, 2017, for all
unitholders of record on February 28, 2017. All Distributions for Advisor Class units (ticker
symbols are denoted as '.A' and '.V' in the table below) will be paid in cash. The Distributions for Class E units of each ETF
will be paid in cash, or if the unitholder has enrolled in the respective ETF's dividend reinvestment plan (DRIP), reinvested in
additional Class E units of the applicable ETF, on or about March 10, 2017.
|
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
|
$0.02674
|
0.63%
|
4.55%
|
4.50%
|
0.05%
|
|
HEX.A
|
$0.02212
|
0.57%
|
3.75%
|
3.70%
|
0.05%
|
|
Horizons Enhanced Income Energy ETF
|
HEE
|
$0.05426
|
-2.64%
|
4.47%
|
3.80%
|
0.67%
|
|
HEE.A
|
$0.04481
|
-2.70%
|
3.67%
|
3.00%
|
0.67%
|
|
Horizons Enhanced Income Gold Producers ETF
|
HEP
|
$0.17970
|
7.01%
|
7.69%
|
9.49%
|
-1.80%
|
|
HEP.A
|
$0.16026
|
6.95%
|
6.89%
|
8.69%
|
-1.80%
|
|
Horizons Enhanced Income Financials ETF
|
HEF
|
$0.04238
|
1.95%
|
5.51%
|
5.45%
|
0.06%
|
|
HEF.A
|
$0.03638
|
1.90%
|
4.71%
|
4.65%
|
0.06%
|
|
Horizons Enhanced Income International Equity ETF
|
HEJ
|
$0.02608
|
2.24%
|
4.82%
|
4.81%
|
0.01%
|
|
HEJ.A
|
$0.02175
|
2.18%
|
4.02%
|
4.01%
|
0.01%
|
|
Horizons Enhanced Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.04751
|
2.40%
|
5.05%
|
5.01%
|
0.04%
|
|
HEA
|
$0.04751
|
0.85%
|
5.05%
|
5.01%
|
0.04%
|
|
HEA.V
|
$0.03999
|
2.34%
|
4.25%
|
4.21%
|
0.04%
|
|
HEA.A
|
$0.03999
|
0.79%
|
4.25%
|
4.21%
|
0.04%
|
|
Horizons Gold Yield ETF
|
HGY
|
$0.02002
|
2.07%
|
4.65%
|
4.81%
|
-0.16%
|
|
HGY.A
|
$0.01679
|
2.01%
|
3.90%
|
4.06%
|
-0.16%
|
|
Horizons Natural Gas Yield ETF
|
HNY
|
$0.11962
|
-6.47%
|
10.21%
|
9.00%
|
1.21%
|
|
HNY.A
|
$0.10993
|
-6.53%
|
9.38%
|
8.17%
|
1.21%
|
|
|
|
|
|
|
|
|
(1)
|
Based on the period from January 20, 2017 to February 16, 2017, 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 February 16, 2017 NAV per unit,
which is available at www.HorizonsETFs.com.
|
|
(3)
|
Annualized and based on the applicable January 20, 2017 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 $0.06214 per unit and $0.05230 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.
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 $7.0 billion of assets
under management. With 77 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.
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