TORONTO,
March 20, 2013 /CNW/ - Horizons
Exchange Traded Funds Inc. ("Horizons ETFs") and its
affiliate AlphaPro Management Inc. are pleased to announce the
distribution amounts per unit (the "Distributions") for
certain of the Horizons ETFs family of exchange traded funds (the
"ETFs"), for the period ending March
31, 2013, as indicated in the table below.
The ex-dividend date for the Distributions is
anticipated to be March 26, 2013 for
all unitholders of record on March 28,
2013. 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 April 10,
2013.
| 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 |
$0.03536 |
-0.74% |
5.71% |
6.18% |
-0.47% |
| HEX.A |
$0.03059 |
-0.80% |
4.92% |
5.39% |
-0.47% |
| Horizons Enhanced
Income Energy ETF |
HEE |
$0.03770 |
-0.55% |
7.03% |
7.07% |
-0.04% |
| HEE.A |
$0.03368 |
-0.61% |
6.24% |
6.29% |
-0.05% |
| Horizons Enhanced
Income Gold Producers ETF |
HEP |
$0.05869 |
-3.84% |
14.24% |
10.09% |
4.15% |
| HEP.A |
$0.05517 |
-3.90% |
13.45% |
9.30% |
4.15% |
| Horizons Enhanced
Income Financials ETF |
HEF |
$0.03325 |
-0.28% |
4.67% |
5.05% |
-0.38% |
| HEF.A |
$0.02775 |
-0.34% |
3.88% |
4.27% |
-0.39% |
| Horizons Enhanced
Income International Equity ETF |
HEJ |
$0.04660 |
-3.04% |
6.28% |
6.05% |
0.23% |
| HEJ.A |
$0.04074 |
-3.10% |
5.49% |
5.26% |
0.23% |
| Horizons Enhanced
Income US Equity (USD) ETF (5) |
HEA.U |
$0.03863 |
-0.01% |
4.32% |
4.68% |
-0.36% |
| HEA.V |
$0.03157 |
-0.07% |
3.53% |
3.89% |
-0.36% |
| Horizons Enhanced US
Equity Income ETF |
HES |
$0.02715 |
-0.05% |
3.67% |
3.98% |
-0.31% |
| HES.A |
$0.02131 |
-0.11% |
2.88% |
3.19% |
-0.31% |
|
Horizons Active S&P/TSX 60TM Index Covered Call
ETF |
HAX |
$0.02533 |
-0.11% |
2.97% |
2.65% |
0.32% |
| HAX.A |
$0.01862 |
-0.17% |
2.18% |
1.86% |
0.32% |
| Horizons Gold Yield
ETF |
HGY |
$0.03671 |
0.54% |
5.05% |
5.96% |
-0.91% |
| HGY.A |
$0.03052 |
0.48% |
4.20% |
5.12% |
-0.92% |
| Horizons Silver Yield
ETF |
HZY |
$0.03518 |
-1.60% |
5.41% |
6.45% |
-1.04% |
| HZY.A |
$0.02966 |
-1.67% |
4.56% |
5.60% |
-1.04% |
| Horizons Crude Oil
Yield ETF |
HOY |
$0.03658 |
-4.70% |
5.52% |
5.10% |
0.42% |
| HOY.A |
$0.03095 |
-4.76% |
4.67% |
4.25% |
0.42% |
| Horizons Natural Gas
Yield ETF |
HNY |
$0.11610 |
8.96% |
14.92% |
21.02% |
-6.10% |
| HNY.A |
$0.10947 |
8.89% |
14.07% |
20.17% |
-6.10% |
(1) Based on the period February 19, 2013 to March
19, 2013, 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 March 19, 2013 net asset value per unit which is
available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable February 19, 2013 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.
Each ETF makes Distributions to unitholders
based on the amount of call option premiums received during the
month, less any amounts paid to repurchase call options (together,
"Net Call Option Premiums"), along with any dividend income
received, less expenses payable by the ETF. Net Call Option
Premiums, and therefore the amounts distributed, tend to reflect
changes in the prevailing implied volatilities, either higher or
lower. Should, in the future, implied volatility levels increase
from current levels or amounts paid to repurchase options decrease,
it could generally be expected that Net Call Option Premiums would,
but not always, increase. Distributions will vary from period to
period.
For further information regarding the
Distributions please visit www.HorizonsETFs.com
Certain statements may constitute a forward
looking statement, including those identified by the expression
"expect" and similar expressions (including grammatical variations
thereof) to the extent they relate to the ETFs. The forward-looking
statements are not historical facts but reflect the ETFs, the ETF's
managers or Horizons ETF's current expectations regarding future
results or events. These forward-looking statements are subject to
a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations.
These and other factors should be considered carefully and readers
should not place undue reliance on the ETF's forward looking
statements. These forward-looking statements are made as of the
date hereof and the ETFs do not undertake to update any
forward-looking statement that is contained herein, whether as a
result of new information, future events or otherwise, unless
required by applicable law.
Commissions, trailing commissions, management
fees and expenses all may be associated with investments in the
ETFs. The ETFs are not guaranteed, their values change frequently
and past performance may not be repeated. Please read the
prospectus before investing.
About Horizons Exchange Traded Funds Inc.
(www.HorizonsETFs.com)
Horizons ETFs is an innovative financial services company offering
the Horizons ETFs family of ETFs. 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. With approximately
$4.3 billion in assets under
management and 74 ETFs listed on the Toronto Stock Exchange, the
Horizons ETFs family makes up one of the largest families of ETFs
in Canada. Horizons ETFs is
a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset
Financial Group.
SOURCE Horizons Exchange Traded Funds Inc.