TORONTO, March 23, 2015 /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 the Horizons ETFs suite of
covered call exchange traded funds (the "ETFs"), for the
period ending March 31, 2015, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
March 27, 2015 for all unitholders of
record on March 31, 2015. 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
April 13, 2015.
|
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
|
$0.03618
|
-1.32%
|
6.18%
|
6.52%
|
-0.34%
|
|
HEX.A
|
$0.03161
|
-1.39%
|
5.38%
|
5.73%
|
-0.35%
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.05166
|
-6.92%
|
15.24%
|
7.87%
|
7.37%
|
|
HEE.A
|
$0.04926
|
-6.98%
|
14.44%
|
7.08%
|
7.36%
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.04264
|
-7.05%
|
10.25%
|
12.25%
|
-2.00%
|
|
HEP.A
|
$0.03912
|
-7.11%
|
9.45%
|
11.45%
|
-2.00%
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04076
|
0.81%
|
5.61%
|
5.75%
|
-0.14%
|
|
HEF.A
|
$0.03508
|
0.74%
|
4.81%
|
4.95%
|
-0.14%
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.04189
|
-1.43%
|
6.36%
|
6.49%
|
-0.13%
|
|
HEJ.A
|
$0.03661
|
-1.50%
|
5.56%
|
5.69%
|
-0.13%
|
|
Horizons Enhanced
Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.05506
|
0.15%
|
5.84%
|
6.33%
|
-0.49%
|
|
HEA
|
$0.05506
|
1.40%
|
5.84%
|
6.33%
|
-0.49%
|
|
HEA.V
|
$0.04752
|
0.08%
|
5.04%
|
5.54%
|
-0.50%
|
|
HEA.A
|
$0.04752
|
1.34%
|
5.04%
|
5.54%
|
-0.50%
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02979
|
-2.07%
|
6.25%
|
8.21%
|
-1.96%
|
|
HGY.A
|
$0.02620
|
-2.13%
|
5.50%
|
7.35%
|
-1.85%
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.05598
|
-0.67%
|
12.43%
|
14.37%
|
-1.94%
|
|
HNY.A
|
$0.05228
|
-0.74%
|
11.61%
|
13.56%
|
-1.95%
|
|
(1)
|
Based on the period
February 18, 2015 to March 20, 2015, 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 March 20, 2015 net asset value per unit which is
available at www.HorizonsETFs.com.
|
|
(3)
|
Annualized and based
on the applicable February 18, 2015 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 $0.06930 per
unit and $0.05981 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
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 $4.9
billion of assets under management and with 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.