TORONTO,
Dec. 19, 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 2013
tax year end, as indicated in the table below.
The ex-dividend date for the Distributions is
anticipated to be December 27, 2013
for all unitholders of record on December
31, 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 January 13,
2014. There will be no further income or capital gains
distributions for the ETFs for the 2013 tax year other than what is
indicated in the following table.
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 |
$0.04526 |
-0.27% |
7.66% |
5.27% |
2.39% |
HEX.A |
$0.04074 |
-0.33% |
6.87% |
4.48% |
2.39% |
Horizons Enhanced
Income Energy ETF |
HEE |
$0.03722 |
-0.83% |
7.42% |
6.01% |
1.41% |
HEE.A |
$0.03347 |
-0.89% |
6.63% |
5.21% |
1.42% |
Horizons Enhanced
Income Gold Producers ETF |
HEP |
$0.11732 |
-5.15% |
24.77% |
12.05% |
12.72% |
HEP.A |
$0.11302 |
-5.21% |
23.98% |
11.26% |
12.72% |
Horizons Enhanced
Income Financials ETF |
HEF |
$0.04512 |
-0.90% |
6.12% |
5.90% |
0.22% |
HEF.A |
$0.03944 |
-0.96% |
5.33% |
5.11% |
0.22% |
Horizons Enhanced
Income International Equity ETF |
HEJ |
$0.04258 |
-0.84% |
6.02% |
5.52% |
0.50% |
HEJ.A |
$0.03698 |
-0.90% |
5.23% |
4.73% |
0.50% |
Horizons Enhanced Income US Equity (USD) ETF (5) |
HEA.U |
$0.05744 |
0.73% |
6.12% |
4.62% |
1.50% |
HEA.V |
$0.04995 |
0.67% |
5.32% |
3.83% |
1.49% |
Horizons Enhanced US
Equity Income ETF |
HES |
$0.04043 |
0.61% |
5.20% |
3.93% |
1.27% |
HES.A |
$0.03428 |
0.55% |
4.41% |
3.14% |
1.27% |
Horizons Active S&P/TSX 60TM Index Covered Call
ETF |
HAX |
$0.04967 |
-0.62% |
5.98% |
2.93% |
3.05% |
HAX.A |
$0.04311 |
-0.69% |
5.20% |
2.14% |
3.06% |
Horizons Gold Yield
ETF |
HGY |
$0.04450 |
-1.40% |
8.44% |
8.05% |
0.39% |
HGY.A |
$0.03998 |
-1.46% |
7.59% |
7.19% |
0.40% |
Horizons Silver Yield
ETF(6) |
HZY |
$0.04350 |
-0.05% |
10.23% |
10.01% |
0.22% |
HZY.A |
$0.03988 |
-0.11% |
9.38% |
9.16% |
0.22% |
Horizons Crude Oil
Yield ETF(6) |
HOY |
$0.05300 |
1.44% |
8.34% |
9.01% |
-0.67% |
HOY.A |
$0.04761 |
1.37% |
7.50% |
8.16% |
-0.66% |
Horizons Natural Gas
Yield ETF |
HNY |
$0.04100 |
10.29% |
6.10% |
12.03% |
-5.93% |
HNY.A |
$0.03532 |
10.22% |
5.26% |
11.18% |
-5.92% |
(1) Based on the period November 20, 2013 to
December 18, 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 December
18, 2013 net asset value per unit which is available at
www.HorizonsETFs.com. |
(3) Annualized and based on the applicable
November 20, 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. |
(6) As previously announced on October 31, 2013, the
Horizons Silver Yield ETF and Horizons Crude Oil Yield ETF will
terminate on January 10, 2014. These distributions are expected to
be the final distributions paid for the two ETFs. |
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 $4.2
billion in assets under management and 73 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.