TORONTO,
Aug. 22, 2013 /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 certain of the Horizons ETFs
family of exchange traded funds (the "ETFs"), for the period
ending August 31, 2013, as indicated
in the table below.
The ex-dividend date for the Distributions is
anticipated to be August 28, 2013 for
all unitholders of record on August 30,
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 September 12,
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 |
$0.03427 |
-1.49% |
5.97% |
5.90% |
0.07% |
HEX.A |
$0.02985 |
-1.55% |
5.18% |
5.11% |
0.07% |
Horizons Enhanced Income Energy ETF |
HEE |
$0.03092 |
-2.76% |
6.25% |
6.05% |
0.20% |
HEE.A |
$0.02718 |
-2.82% |
5.46% |
5.26% |
0.20% |
Horizons Enhanced Income Gold Producers ETF |
HEP |
$0.03593 |
4.52% |
5.82% |
13.09% |
-7.27% |
HEP.A |
$0.03089 |
4.46% |
5.03% |
12.30% |
-7.27% |
Horizons Enhanced Income Financials ETF |
HEF |
$0.04364 |
-0.71% |
6.25% |
5.70% |
0.55% |
HEF.A |
$0.03827 |
-0.77% |
5.46% |
4.91% |
0.55% |
Horizons Enhanced Income International Equity ETF |
HEJ |
$0.03886 |
-1.75% |
5.71% |
6.25% |
-0.54% |
HEJ.A |
$0.03347 |
-1.82% |
4.92% |
5.46% |
-0.54% |
Horizons Enhanced Income US Equity (USD) ETF (5) |
HEA.U |
$0.04469 |
-2.37% |
5.02% |
4.30% |
0.72% |
HEA.V |
$0.03758 |
-2.44% |
4.22% |
3.50% |
0.72% |
Horizons Enhanced US Equity Income ETF |
HES |
$0.03160 |
-2.37% |
4.27% |
3.65% |
0.62% |
HES.A |
$0.02575 |
-2.43% |
3.48% |
2.86% |
0.62% |
Horizons Active S&P/TSX 60TM Index Covered Call
ETF |
HAX |
$0.02502 |
-1.45% |
3.12% |
3.07% |
0.05% |
HAX.A |
$0.01869 |
-1.52% |
2.33% |
2.28% |
0.05% |
Horizons Gold Yield ETF |
HGY |
$0.03527 |
1.77% |
5.95% |
7.02% |
-1.07% |
HGY.A |
$0.03019 |
1.70% |
5.10% |
6.17% |
-1.07% |
Horizons Silver Yield ETF |
HZY |
$0.02520 |
8.97% |
5.12% |
9.04% |
-3.92% |
HZY.A |
$0.02102 |
8.89% |
4.27% |
8.19% |
-3.92% |
Horizons Crude Oil Yield ETF |
HOY |
$0.04775 |
0.85% |
7.20% |
7.08% |
0.12% |
HOY.A |
$0.04213 |
0.78% |
6.36% |
6.24% |
0.12% |
Horizons Natural Gas Yield ETF |
HNY |
$0.08460 |
-3.85% |
13.02% |
11.17% |
1.85% |
HNY.A |
$0.07909 |
-3.91% |
12.18% |
10.33% |
1.85% |
(1) Based on the period July 22, 2013 to August
21, 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 August 21, 2013 net asset value per unit which is
available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable
July 22, 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 ETFs' 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 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. With approximately $4.1
billion in assets under management and 70 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 Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.