TORONTO, April 22, 2014 /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
April 30, 2014, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be
April 28, 2014 for all unitholders of
record on April 30, 2014. 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
May 12, 2014.
|
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
|
$0.03809
|
-0.44%
|
6.19%
|
6.09%
|
0.10%
|
|
HEX.A
|
$0.03336
|
-0.51%
|
5.40%
|
5.30%
|
0.10%
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.03322
|
6.46%
|
6.04%
|
6.80%
|
-0.76%
|
|
HEE.A
|
$0.02905
|
6.39%
|
5.25%
|
6.01%
|
-0.76%
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.05536
|
-7.80%
|
11.06%
|
7.23%
|
3.83%
|
|
HEP.A
|
$0.05116
|
-7.87%
|
10.27%
|
6.44%
|
3.83%
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03842
|
0.78%
|
5.19%
|
5.55%
|
-0.36%
|
|
HEF.A
|
$0.03263
|
0.71%
|
4.39%
|
4.76%
|
-0.37%
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.04138
|
3.41%
|
5.86%
|
6.58%
|
-0.72%
|
|
HEJ.A
|
$0.03578
|
3.33%
|
5.07%
|
5.79%
|
-0.72%
|
|
Horizons Enhanced
Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.07075
|
0.49%
|
7.47%
|
7.32%
|
0.15%
|
|
HEA
|
$0.07075
|
-1.50%
|
7.47%
|
7.32%
|
0.15%
|
|
HEA.V
|
$0.06326
|
0.42%
|
6.68%
|
6.53%
|
0.15%
|
|
HEA.A
|
$0.06326
|
-1.57%
|
6.68%
|
6.53%
|
0.15%
|
|
Horizons Active
S&P/TSX 60TM Index Covered Call ETF
|
HAX
|
$0.02461
|
0.02%
|
2.84%
|
2.82%
|
0.02%
|
|
HAX.A
|
$0.01725
|
-0.05%
|
1.99%
|
1.97%
|
0.02%
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.03825
|
-2.53%
|
7.07%
|
6.51%
|
0.56%
|
|
HGY.A
|
$0.03358
|
-2.60%
|
6.21%
|
5.64%
|
0.57%
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.04894
|
5.54%
|
6.66%
|
10.38%
|
-3.72%
|
|
HNY.A
|
$0.04300
|
5.47%
|
5.85%
|
9.57%
|
-3.72%
|
|
(1)
|
Based on the period
March 20, 2014 to April 21, 2014, 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 April 21, 2014 net asset value per unit which is
available at www.HorizonsETFs.com.
|
|
(3)
|
Annualized and based
on the applicable March 20, 2014 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, including those listed under the Canadian dollar
traded tickers HEA and HEA.A. The approximate Canadian dollar
equivalent distribution rates for HEA and HEA.A are $0.07797 per
unit and $0.06971 per unit, respectively. For unitholders who hold
Canadian dollar traded HEA and HEA.A, 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
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 69 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.