Canada NewsWire
TORONTO, Dec. 29, 2017
TORONTO, Dec. 29, 2017 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons ETFs") confirmed today the annual non-cash distributions (the
"Non-Cash Distributions") to unitholders of certain of the exchange traded funds that Horizons ETFs manages (the
"ETFs") for the 2017 tax year as indicated in the table below. Please note that this is a further update to the estimated
annual Non-Cash Distributions previously announced on December 1, 2017, and updated on December 20, 2017.
Each of the ETFs is required to distribute any net income and capital gains that they have earned in the year. The annual
Non-Cash 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 nature of the Non-Cash Distributions for the respective
ETFs as either income or capital gains is disclosed in the footnotes to the table below. The Non-Cash 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
Non-Cash Distributions. These amounts do not include the regular monthly or quarterly cash distributions, as applicable,
announced on December 20, 2017.
The ex-dividend date for these distributions was December 28, 2017, for all unitholders of
record on December 29, 2017. In early 2018, the tax characteristics of all distributions for 2017
for the ETFs will be reported to brokers via the CDS Clearing and Depository Services Inc. ("CDS") and will be posted on our
website shortly thereafter.
ETF Name
|
Ticker
Symbol
|
Final
Confirmed
Annual
Non-
Cash
Distribution
per Unit
|
Final Non-Cash
Distribution
As a % of
Dec. 28, 2017
NAV
|
Estimated
Annual Non-
Cash
Distribution per
Unit announced
on Dec. 20, 2017
|
Horizons Canadian Dollar Currency ETF (1)
|
CAN
|
$0.20957
|
2.06%
|
-
|
Horizons Seasonal Rotation ETF (2)
|
HAC
|
$0.12929
|
0.67%
|
$0.12929
|
Horizons Absolute Return Global Currency ETF (3)
|
HARC
|
$0.96435
|
4.58%
|
$0.96435
|
Horizons China High Dividend Yield Index ETF
(4)
|
HCN
|
$0.35382
|
1.41%
|
$0.35382
|
Horizons Global Currency Opportunities ETF (5)
|
HGC
|
$0.42401
|
4.04%
|
$0.42401
|
Horizons Morningstar Hedge Fund Index ETF (6)
|
HHF
|
$0.32830
|
2.25%
|
$0.32830
|
Horizons Cdn Insider Index ETF (7)
|
HII
|
$0.66688
|
5.25%
|
$0.66688
|
Horizons Marijuana Life Sciences Index ETF (8)
|
HMMJ
|
$0.21817
|
1.18%
|
$0.22660
|
HMMJ.U
|
$0.21817
|
1.18%
|
$0.22660
|
Horizons Global Risk Parity ETF (9)
|
HRA
|
$0.08837
|
0.85%
|
$0.08837
|
Horizons Active High Yield Bond ETF (10)
|
HYI
|
$0.10256
|
1.02%
|
$0.10202
|
Horizons Active A.I. Global Equity ETF (11)
|
MIND
|
$0.13304
|
0.53%
|
$0.13304
|
As disclosed above, the final determination of the nature of these Non-Cash Distributions will be reported to brokers via CDS
in early 2018. The expected nature of the Non-Cash Distributions for each of the ETFs in the table above is as
follows:
(1)
|
Horizons Canadian Dollar Currency ETF (CAN) – 100% income. The Canadian
dollar appreciated approximately 2% versus the U.S. dollar in the last two weeks of December 2017. This resulted in a
Non-Cash Distribution for CAN that was not anticipated when the previous estimates were announced.
|
|
|
(2)
|
Horizons Seasonal Rotation ETF (HAC) – 100% capital gains.
|
|
|
(3)
|
Horizons Absolute Return Global Currency ETF (HARC) – 100%
income.
|
|
|
(4)
|
Horizons China High Dividend Yield Index ETF (HCN) – 100%
income.
|
|
|
(5)
|
Horizons Global Currency Opportunities ETF (HGC) – 100% income.
|
|
|
(6)
|
Horizons Morningstar Hedge Fund Index ETF (HHF) – 100% income.
|
|
|
(7)
|
Horizons Cdn Insider Index ETF (HII) – 100% capital gains.
|
|
|
(8)
|
Horizons Marijuana Life Sciences Index ETF (HMMJ, HMMJ.U) – 100% capital
gains. Please note that distributions for Horizons Marijuana Life Sciences Index ETF are declared and paid in Canadian
dollars, including those listed under the U.S. dollar traded ticker HMMJ.U. The approximate U.S. dollar equivalent
distribution rate for HMMJ.U is $0.17356 per unit. For unitholders who hold the U.S. dollar traded HMMJ.U, distribution
payments will typically be converted to U.S. dollars by the unitholder's account holder.
|
|
|
(9)
|
Horizons Global Risk Parity ETF (HRA) - approximately 73% income and 27%
capital gains.
|
|
|
(10)
|
Horizons Active High Yield Bond ETF (HYI) – 100% capital gains.
|
|
|
(11)
|
Horizons Active A.I. Global Equity ETF (MIND) - approximately 79% income
and 21% capital gains.
|
About Horizons ETFs Management (Canada) Inc.
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers
one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product suite
includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a
variety of market conditions. Horizons ETFs currently has more than $9.4 billion of assets under
management and 81 ETFs listed on the Toronto Stock Exchange. Horizons ETFs Management (Canada)
Inc. is a member of the Mirae Asset Global Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.
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