TORONTO, Dec. 21, 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
2015 tax year end, as indicated in the table 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 in the table below will be paid in cash
unless the unitholder has enrolled in the dividend reinvestment
plan ("DRIP") of the respective ETF. No capital gains are
expected to be paid for the ETFs listed below.
The ex-dividend date for the Distributions is anticipated to be
December 29, 2015, for all
unitholders of record on December 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 January 13,
2016.
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
|
$0.04532
|
-3.91%
|
9.16%
|
8.67%
|
0.49%
|
HEX.A
|
$0.04151
|
-3.97%
|
8.36%
|
7.87%
|
0.49%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.02592
|
-12.36%
|
12.19%
|
9.55%
|
2.64%
|
HEE.A
|
$0.02437
|
-12.42%
|
11.39%
|
8.75%
|
2.64%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.03067
|
0.50%
|
9.92%
|
9.81%
|
0.11%
|
HEP.A
|
$0.02806
|
0.44%
|
9.12%
|
9.01%
|
0.11%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.06646
|
-3.90%
|
9.88%
|
8.83%
|
1.05%
|
HEF.A
|
$0.06132
|
-3.96%
|
9.08%
|
8.03%
|
1.05%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.05012
|
-6.72%
|
9.73%
|
9.02%
|
0.71%
|
HEJ.A
|
$0.04595
|
-6.79%
|
8.92%
|
8.22%
|
0.70%
|
Horizons Enhanced
Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.05646
|
-3.74%
|
6.54%
|
6.06%
|
0.48%
|
HEA
|
$0.05646
|
0.94%
|
6.54%
|
6.06%
|
0.48%
|
HEA.V
|
$0.04943
|
-3.80%
|
5.73%
|
5.26%
|
0.47%
|
HEA.A
|
$0.04943
|
0.87%
|
5.73%
|
5.26%
|
0.47%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02511
|
-1.21%
|
6.11%
|
4.07%
|
2.04%
|
HGY.A
|
$0.02202
|
-1.27%
|
5.36%
|
3.32%
|
2.04%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.02614
|
-18.66%
|
10.94%
|
10.93%
|
0.01%
|
HNY.A
|
$0.02416
|
-18.71%
|
10.11%
|
10.10%
|
0.01%
|
(1) Based on the period November 19, 2015, to December 18, 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 December 18, 2015, net asset value per unit which
is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable November 19, 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 $0.07872 per unit and $0.06892 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 $5.2
billion of assets under management and with 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.