TORONTO, Dec. 19, 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 2014 tax year
end, as indicated in the tables below.
Each of the ETFs is required to distribute any net income and
capital gains that they have earned in the year. All of the
Distributions indicated as "Cash Distribution per Unit" in the
first table below (the "Cash Distributions") will be paid in
cash unless the Unitholder has enrolled in the dividend
reinvestment plan ("DRIP") of the respective ETF.
The annual capital gains Distributions, indicated as "Reinvested
Annual Capital Gains (Est.)" in the second table below (the
"Capital Gains Distributions"), will not be paid in cash but
will be reinvested and reported as taxable Distributions and will
be used to increase each Unitholder's adjusted cost base of their
units of the ETF. The Capital Gains Distributions will be
reinvested automatically in additional units of the ETF and
immediately consolidated so that the number of units held by the
Unitholder, the units outstanding of the ETF, and the net asset
value of the ETF, will not change as a result of the Capital Gains
Distributions. The annual Capital Gains Distribution rates in the
second table below are presented on an estimated basis. A press
release confirming the final annual Capital Gains Distribution
rates will be disseminated prior to the record date of the
Distributions.
The ex-dividend date for both the Cash Distributions and Capital
Gains Distributions is anticipated to be December 29, 2014, for all unitholders of record
on December 31, 2014. The Cash
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, 2015.
CASH DISTRIBUTIONS
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
|
$0.06184
|
-4.33%
|
10.86%
|
9.95%
|
0.91%
|
HEX.A
|
$0.05755
|
-4.39%
|
10.07%
|
9.16%
|
0.91%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.05514
|
-13.74%
|
15.46%
|
11.88%
|
3.58%
|
HEE.A
|
$0.05269
|
-13.79%
|
14.68%
|
11.09%
|
3.59%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.05969
|
-1.41%
|
15.13%
|
14.73%
|
0.40%
|
HEP.A
|
$0.05628
|
-1.47%
|
14.34%
|
13.93%
|
0.41%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04839
|
-4.06%
|
6.59%
|
8.73%
|
-2.14%
|
HEF.A
|
$0.04270
|
-4.12%
|
5.79%
|
7.93%
|
-2.14%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.06083
|
-2.85%
|
9.47%
|
15.43%
|
-5.96%
|
HEJ.A
|
$0.05569
|
-2.92%
|
8.67%
|
14.63%
|
-5.96%
|
Horizons Enhanced
Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.07178
|
-0.57%
|
7.59%
|
10.86%
|
-3.27%
|
HEA
|
$0.07178
|
1.58%
|
7.59%
|
10.86%
|
-3.27%
|
HEA.V
|
$0.06428
|
-0.63%
|
6.79%
|
10.07%
|
-3.28%
|
HEA.A
|
$0.06428
|
1.51%
|
6.79%
|
10.07%
|
-3.28%
|
Horizons Active
S&P/TSX 60TM Index Covered Call ETF
|
HAX
|
$0.04163
|
-3.44%
|
5.02%
|
6.05%
|
-1.03%
|
HAX.A
|
$0.03457
|
-3.51%
|
4.17%
|
5.21%
|
-1.04%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02641
|
1.72%
|
5.35%
|
7.95%
|
-2.60%
|
HGY.A
|
$0.02217
|
1.65%
|
4.50%
|
7.10%
|
-2.60%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.08145
|
-8.69%
|
14.24%
|
9.20%
|
5.04%
|
HNY.A
|
$0.07687
|
-8.74%
|
13.44%
|
8.40%
|
5.04%
|
(1) Based on the period November 19, 2014 to December 18, 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
December 18, 2014 net asset value per
unit which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable
November 19, 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 $0.08323 per unit and $0.07453 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.
CAPITAL GAINS DISTRIBUTIONS
ETF
Name
|
Ticker
Symbol
|
Reinvested
Annual
Capital Gains
(Est.)
|
Horizons Enhanced
Income US Equity (USD) ETF (1)
|
HEA.U
|
$1.02667
|
HEA
|
$1.02667
|
HEA.V
|
$1.01880
|
HEA.A
|
$1.01880
|
(1) 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 $1.19042 per unit and $1.18130 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.
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. Horizons ETFs has more than $4.6
billion of assets under management and with 72 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.