TORONTO, Aug. 23, 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
August 31, 2016, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be
August 29, 2016, for all unitholders
of record on August 31, 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
September 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
|
$0.02561
|
2.53%
|
4.57%
|
5.07%
|
-0.50%
|
HEX.A
|
$0.02120
|
2.46%
|
3.77%
|
4.27%
|
-0.50%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.04979
|
3.56%
|
3.93%
|
4.04%
|
-0.11%
|
HEE.A
|
$0.03990
|
3.48%
|
3.13%
|
3.24%
|
-0.11%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.28081
|
4.38%
|
9.74%
|
4.11%
|
5.63%
|
HEP.A
|
$0.25652
|
4.30%
|
8.94%
|
3.31%
|
5.63%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04574
|
-0.33%
|
6.67%
|
4.87%
|
1.80%
|
HEF.A
|
$0.04042
|
-0.40%
|
5.87%
|
4.07%
|
1.80%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.02855
|
1.66%
|
5.43%
|
6.53%
|
-1.10%
|
HEJ.A
|
$0.02434
|
1.59%
|
4.63%
|
5.73%
|
-1.10%
|
Horizons Enhanced
Income US Equity (USD) ETF (5)
|
HEA.U
|
$0.04594
|
0.19%
|
5.09%
|
5.15%
|
-0.06%
|
HEA
|
$0.04594
|
-0.64%
|
5.09%
|
5.15%
|
-0.06%
|
HEA.V
|
$0.03871
|
0.12%
|
4.29%
|
4.35%
|
-0.06%
|
HEA.A
|
$0.03871
|
-0.71%
|
4.29%
|
4.35%
|
-0.06%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02291
|
1.85%
|
4.76%
|
4.95%
|
-0.19%
|
HGY.A
|
$0.01929
|
1.78%
|
4.01%
|
4.20%
|
-0.19%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.10195
|
-0.52%
|
7.92%
|
8.08%
|
-0.16%
|
HNY.A
|
$0.09144
|
-0.60%
|
7.11%
|
7.27%
|
-0.16%
|
(1) Based on the period July
20, 2016, to August 22, 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 August 22, 2016, net asset value per unit which
is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable July 20, 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 $0.05948 per unit and $0.05012 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 $6.5
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.