TORONTO,
July 21, 2016 /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 July 31, 2016, as
indicated in the table below.
The ex-dividend date for the Distributions is
anticipated to be July 27, 2016, for
all unitholders of record on July 29,
2016. 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 August
11, 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
|
$0.02786
|
3.39%
|
5.07%
|
5.22%
|
-0.15%
|
HEX.A
|
$0.02355
|
3.32%
|
4.27%
|
4.42%
|
-0.15%
|
Horizons Enhanced Income Energy
ETF
|
HEE
|
$0.04960
|
2.14%
|
4.04%
|
4.57%
|
-0.53%
|
HEE.A
|
$0.04002
|
2.07%
|
3.24%
|
3.77%
|
-0.53%
|
Horizons Enhanced Income Gold Producers
ETF
|
HEP
|
$0.11400
|
9.53%
|
4.11%
|
5.27%
|
-1.16%
|
HEP.A
|
$0.09140
|
9.46%
|
3.31%
|
4.47%
|
-1.16%
|
Horizons Enhanced Income Financials
ETF
|
HEF
|
$0.03365
|
0.99%
|
4.87%
|
5.25%
|
-0.38%
|
HEF.A
|
$0.02824
|
0.92%
|
4.07%
|
4.45%
|
-0.38%
|
Horizons Enhanced Income International Equity
ETF
|
HEJ
|
$0.03397
|
2.68%
|
6.53%
|
7.94%
|
-1.41%
|
HEJ.A
|
$0.02980
|
2.62%
|
5.73%
|
7.15%
|
-1.42%
|
Horizons Enhanced Income US Equity (USD) ETF
(5)
|
HEA.U
|
$0.04665
|
3.37%
|
5.15%
|
5.81%
|
-0.66%
|
HEA
|
$0.04665
|
5.35%
|
5.15%
|
5.81%
|
-0.66%
|
HEA.V
|
$0.03941
|
3.31%
|
4.35%
|
5.01%
|
-0.66%
|
HEA.A
|
$0.03941
|
5.28%
|
4.35%
|
5.01%
|
-0.66%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02348
|
3.56%
|
4.95%
|
4.80%
|
0.15%
|
HGY.A
|
$0.01991
|
3.50%
|
4.20%
|
4.04%
|
0.16%
|
Horizons Natural Gas Yield
ETF
|
HNY
|
$0.10523
|
-3.41%
|
8.08%
|
8.41%
|
-0.33%
|
HNY.A
|
$0.09463
|
-3.48%
|
7.27%
|
7.60%
|
-0.33%
|
(1) Based on the period June 21, 2016, to July 20,
2016, 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 July 20, 2016, net asset value per unit which is
available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable June 21, 2016, 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 $0.06091 per unit and $0.05146 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 $6.2
billion of assets under management and with 75 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 Global Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.