TORONTO, Sept. 21, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons ETFs") is pleased to announce the distribution amounts per unit
(the "Distributions") for its suite of covered call exchange traded funds (the "ETFs"), for the period ending
September 30, 2018, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be September 27, 2018, for all
unitholders of record on September 28, 2018. The Distributions for 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 units of the applicable ETF, on or about October 11, 2018.
|
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
|
$0.02879
|
-0.06%
|
5.07%
|
5.03%
|
0.04%
|
|
Horizons Enhanced Income Energy ETF
|
HEE
|
$0.05558
|
-4.35%
|
6.10%
|
5.04%
|
1.06%
|
|
Horizons Enhanced Income Gold Producers ETF
|
HEP
|
$0.09466
|
0.86%
|
5.63%
|
5.53%
|
0.10%
|
|
Horizons Enhanced Income Financials ETF
|
HEF
|
$0.03748
|
-0.08%
|
5.06%
|
5.25%
|
-0.19%
|
|
Horizons Enhanced Income International Equity ETF
|
HEJ
|
$0.03511
|
1.99%
|
6.65%
|
6.61%
|
0.04%
|
|
Horizons Enhanced Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05621
|
2.64%
|
5.45%
|
5.43%
|
0.02%
|
|
HEA
|
$0.05621
|
1.22%
|
5.45%
|
5.43%
|
0.02%
|
|
Horizons Gold Yield ETF
|
HGY
|
$0.01627
|
1.80%
|
4.32%
|
4.41%
|
-0.09%
|
|
Horizons Natural Gas Yield ETF
|
HNY
|
$0.05496
|
-0.61%
|
6.09%
|
6.02%
|
0.07%
|
(1) Based on the period from August 23, 2018 to September 20, 2018, 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 20, 2018 NAV
per unit, which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable August 23, 2018 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 the Horizons Enhanced Income US Equity (USD) ETF are declared and paid
in U.S. dollars, including those listed under the Canadian dollar-traded ticker HEA. The approximate Canadian dollar equivalent
distribution rate for HEA is $0.07253 per unit. For unitholders who hold the Canadian
dollar-traded HEA, 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. 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 $11 billion of assets under
management and 83 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.
Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be
associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not
guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed
information about the Horizons Exchange Traded Products. Please read the relevant prospectus before
investing.
SOURCE Horizons ETFs Management (Canada) Inc.
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