TORONTO, Sept. 22, 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 September 30, 2016, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
September 28, 2016, for all
unitholders of record on September 30,
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 October
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
|
$0.02915
|
-0.05%
|
5.22%
|
4.57%
|
0.65%
|
HEX.A
|
$0.02477
|
-0.11%
|
4.42%
|
3.77%
|
0.65%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.05899
|
-2.88%
|
4.81%
|
3.93%
|
0.88%
|
HEE.A
|
$0.04948
|
-2.95%
|
4.01%
|
3.13%
|
0.88%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.29756
|
-3.89%
|
10.83%
|
9.74%
|
1.09%
|
HEP.A
|
$0.27432
|
-3.93%
|
10.03%
|
8.94%
|
1.09%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.05174
|
2.59%
|
7.39%
|
6.67%
|
0.72%
|
HEF.A
|
$0.04633
|
2.53%
|
6.59%
|
5.87%
|
0.72%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03184
|
1.25%
|
6.01%
|
5.43%
|
0.58%
|
HEJ.A
|
$0.02760
|
1.18%
|
5.21%
|
4.63%
|
0.58%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05560
|
-0.54%
|
6.21%
|
5.09%
|
1.12%
|
HEA
|
$0.05560
|
0.69%
|
6.21%
|
5.09%
|
1.12%
|
HEA.V
|
$0.04844
|
-0.61%
|
5.41%
|
4.29%
|
1.12%
|
HEA.A
|
$0.04844
|
0.62%
|
5.41%
|
4.29%
|
1.12%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02278
|
-0.44%
|
4.77%
|
4.76%
|
0.01%
|
HGY.A
|
$0.01919
|
-0.50%
|
4.02%
|
4.01%
|
0.01%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.10248
|
9.40%
|
7.33%
|
7.92%
|
-0.59%
|
HNY.A
|
$0.09093
|
9.33%
|
6.50%
|
7.11%
|
-0.61%
|
|
|
|
|
|
|
|
(1) Based on the period from August 22, 2016 to September 21, 2016, where the prior month's NAV
(net asset value) per unit is adjusted to include the prior month's
distribution.
(2) Annualized and based on the applicable September 21, 2016 NAV per unit, which is
available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable August 22, 2016 NAV 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 $0.07288 per unit and
$0.06349 per unit, respectively. For
unitholders who hold the 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. 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.