TORONTO, Nov. 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 November 30, 2016, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
November 28, 2016, for all
unitholders of record on November 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 December
12, 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
|
$0.02947
|
2.26%
|
5.13%
|
5.26%
|
-0.13%
|
HEX.A
|
$0.02496
|
2.19%
|
4.33%
|
4.46%
|
-0.13%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.06159
|
0.02%
|
4.76%
|
4.77%
|
-0.01%
|
HEE.A
|
$0.05155
|
-0.04%
|
3.96%
|
3.97%
|
-0.01%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.25427
|
-11.93%
|
12.06%
|
11.53%
|
0.53%
|
HEP.A
|
$0.23621
|
-12.00%
|
11.26%
|
10.73%
|
0.53%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04563
|
4.69%
|
6.24%
|
7.34%
|
-1.10%
|
HEF.A
|
$0.03994
|
4.62%
|
5.44%
|
6.54%
|
-1.10%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.02818
|
-1.68%
|
5.57%
|
6.37%
|
-0.80%
|
HEJ.A
|
$0.02413
|
-1.75%
|
4.77%
|
5.57%
|
-0.80%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05287
|
2.46%
|
5.87%
|
6.72%
|
-0.85%
|
HEA
|
$0.05287
|
3.94%
|
5.87%
|
6.72%
|
-0.85%
|
HEA.V
|
$0.04566
|
2.38%
|
5.07%
|
5.92%
|
-0.85%
|
HEA.A
|
$0.04566
|
3.87%
|
5.07%
|
5.92%
|
-0.85%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02062
|
-4.12%
|
4.76%
|
4.76%
|
0.00%
|
HGY.A
|
$0.01737
|
-4.19%
|
4.01%
|
4.01%
|
0.00%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.11358
|
-14.40%
|
9.26%
|
7.26%
|
2.00%
|
HNY.A
|
$0.10347
|
-14.46%
|
8.43%
|
6.43%
|
2.00%
|
|
|
|
|
|
|
|
(1)
|
Based on the period
from October 20, 2016 to November 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 November 21, 2016 NAV per unit, which is
available at www.HorizonsETFs.com.
|
(3)
|
Annualized and based
on the applicable October 20, 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 $0.07092 per
unit and $0.06125 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 $6.7
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.