TORONTO, Feb. 17, 2017 /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
February 28, 2017, as indicated in
the table below.
The ex-dividend date for the Distributions is anticipated to be
February 24, 2017, for all
unitholders of record on February 28,
2017. All Distributions for Advisor Class units (ticker
symbols are denoted as '.A' and '.V' in the table below) will be
paid in cash. The Distributions for Class E units of each ETF will
be paid in cash, or if the unitholder has enrolled in the
respective ETF's dividend reinvestment plan (DRIP), reinvested in
additional Class E units of the applicable ETF, on or about
March 10, 2017.
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
|
$0.02674
|
0.63%
|
4.55%
|
4.50%
|
0.05%
|
HEX.A
|
$0.02212
|
0.57%
|
3.75%
|
3.70%
|
0.05%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.05426
|
-2.64%
|
4.47%
|
3.80%
|
0.67%
|
HEE.A
|
$0.04481
|
-2.70%
|
3.67%
|
3.00%
|
0.67%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.17970
|
7.01%
|
7.69%
|
9.49%
|
-1.80%
|
HEP.A
|
$0.16026
|
6.95%
|
6.89%
|
8.69%
|
-1.80%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04238
|
1.95%
|
5.51%
|
5.45%
|
0.06%
|
HEF.A
|
$0.03638
|
1.90%
|
4.71%
|
4.65%
|
0.06%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.02608
|
2.24%
|
4.82%
|
4.81%
|
0.01%
|
HEJ.A
|
$0.02175
|
2.18%
|
4.02%
|
4.01%
|
0.01%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.04751
|
2.40%
|
5.05%
|
5.01%
|
0.04%
|
HEA
|
$0.04751
|
0.85%
|
5.05%
|
5.01%
|
0.04%
|
HEA.V
|
$0.03999
|
2.34%
|
4.25%
|
4.21%
|
0.04%
|
HEA.A
|
$0.03999
|
0.79%
|
4.25%
|
4.21%
|
0.04%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02002
|
2.07%
|
4.65%
|
4.81%
|
-0.16%
|
HGY.A
|
$0.01679
|
2.01%
|
3.90%
|
4.06%
|
-0.16%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.11962
|
-6.47%
|
10.21%
|
9.00%
|
1.21%
|
HNY.A
|
$0.10993
|
-6.53%
|
9.38%
|
8.17%
|
1.21%
|
|
|
|
|
|
|
|
(1)
|
Based on the period
from January 20, 2017 to February 16, 2017, 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 February 16, 2017 NAV per unit, which is
available at www.HorizonsETFs.com.
|
(3)
|
Annualized and based
on the applicable January 20, 2017 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 $0.06214 per
unit and $0.05230 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 $7.0
billion of assets under management. With 77 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.