TORONTO,
May 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 May 31, 2014, as indicated in
the table below.
The ex-dividend date for the Distributions is
anticipated to be May 28, 2014 for
all unitholders of record on May 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 June 11,
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 |
$0.04048 |
1.34% |
6.53% |
6.19% |
0.34% |
HEX.A |
$0.03572 |
1.27% |
5.74% |
5.40% |
0.34% |
Horizons Enhanced
Income Energy ETF |
HEE |
$0.03629 |
-0.33% |
6.65% |
6.04% |
0.61% |
HEE.A |
$0.03218 |
-0.40% |
5.86% |
5.25% |
0.61% |
Horizons Enhanced
Income Gold Producers ETF |
HEP |
$0.04209 |
0.78% |
8.42% |
11.06% |
-2.64% |
HEP.A |
$0.03796 |
0.71% |
7.63% |
10.27% |
-2.64% |
Horizons Enhanced
Income Financials ETF |
HEF |
$0.03844 |
0.76% |
5.17% |
5.19% |
-0.02% |
HEF.A |
$0.03264 |
0.70% |
4.38% |
4.39% |
-0.01% |
Horizons Enhanced
Income International Equity ETF |
HEJ |
$0.04129 |
1.39% |
5.80% |
5.86% |
-0.06% |
HEJ.A |
$0.03563 |
1.33% |
5.00% |
5.07% |
-0.07% |
Horizons Enhanced
Income US Equity (USD) ETF (5) |
HEA.U |
$0.06707 |
1.19% |
7.04% |
7.47% |
-0.43% |
HEA |
$0.06707 |
0.30% |
7.04% |
7.47% |
-0.43% |
HEA.V |
$0.05952 |
1.12% |
6.25% |
6.68% |
-0.43% |
HEA.A |
$0.05952 |
0.23% |
6.25% |
6.68% |
-0.43% |
Horizons Active
S&P/TSX 60TM Index Covered Call ETF |
HAX |
$0.02472 |
1.66% |
2.81% |
2.84% |
-0.03% |
HAX.A |
$0.01725 |
1.59% |
1.96% |
1.99% |
-0.03% |
Horizons Gold Yield
ETF |
HGY |
$0.03473 |
0.69% |
6.41% |
7.07% |
-0.66% |
HGY.A |
$0.03006 |
0.62% |
5.55% |
6.21% |
-0.66% |
Horizons Natural Gas
Yield ETF |
HNY |
$0.06287 |
-5.04% |
9.05% |
6.66% |
2.39% |
HNY.A |
$0.05724 |
-5.10% |
8.24% |
5.85% |
2.39% |
(1) |
Based on the period April 21, 2014 to May 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 May 21, 2014 net asset
value per unit which is available at www.HorizonsETFs.com. |
(3) |
Annualized and based on the applicable April 21, 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 $0.07326 per unit and $ 0.06501 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 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.