TORONTO, Oct. 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 October 31, 2016, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
October 27, 2016, for all unitholders
of record on October 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(s), on or
about November 10, 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
|
$0.02969
|
1.45%
|
5.26%
|
5.22%
|
0.04%
|
HEX.A
|
$0.02527
|
1.39%
|
4.46%
|
4.42%
|
0.04%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.06198
|
6.34%
|
4.77%
|
4.81%
|
-0.04%
|
HEE.A
|
$0.05191
|
6.27%
|
3.97%
|
4.01%
|
-0.04%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.27882
|
-11.17%
|
11.53%
|
10.83%
|
0.70%
|
HEP.A
|
$0.25817
|
-11.24%
|
10.73%
|
10.03%
|
0.70%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.05154
|
1.02%
|
7.34%
|
7.39%
|
-0.05%
|
HEF.A
|
$0.04611
|
0.96%
|
6.54%
|
6.59%
|
-0.05%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03295
|
-1.89%
|
6.37%
|
6.01%
|
0.36%
|
HEJ.A
|
$0.02881
|
-1.95%
|
5.57%
|
5.21%
|
0.36%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05943
|
-0.67%
|
6.72%
|
6.21%
|
0.51%
|
HEA
|
$0.05943
|
0.20%
|
6.72%
|
6.21%
|
0.51%
|
HEA.V
|
$0.05235
|
-0.73%
|
5.92%
|
5.41%
|
0.51%
|
HEA.A
|
$0.05235
|
0.13%
|
5.92%
|
5.41%
|
0.51%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02161
|
-4.62%
|
4.76%
|
4.77%
|
-0.01%
|
HGY.A
|
$0.01819
|
-4.68%
|
4.01%
|
4.02%
|
-0.01%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.10468
|
3.75%
|
7.26%
|
7.33%
|
-0.07%
|
HNY.A
|
$0.09278
|
3.69%
|
6.43%
|
6.50%
|
-0.07%
|
|
|
|
|
|
|
|
(1) Based on the period from September 21, 2016 to October 20, 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 October 20, 2016 NAV per unit, which is available
at www.HorizonsETFs.com.
(3) Annualized and based on the applicable September 21, 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 $0.07858 per unit and
$0.06922 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.
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.