TORONTO, April 19, 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 April 30, 2017, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
April 25, 2017, for all unitholders
of record on April 27, 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 May
9, 2017.
As noted in a press release dated December 29, 2016, Horizons ETFs will be
eliminating the Advisor Class units at the end of this month, so
this will be the final Distribution paid on Advisor Class units.
Advisor Class units will convert to Class E units after the close
of business on April 28, 2017 (the
"Conversion Date") at a ratio to be determined by the
respective net asset values of each class of unit on that date.
Advisor Class unitholders who have their units converted to Class E
units will receive any future Distributions paid on Class E units
while they continue to be holders of record of those Class E units.
The service fee payable on Advisor Class units for the month of
April will be paid on or about May 12,
2017 to registered dealers whose clients are Advisor Class
unitholders of record as at the Conversion Date.
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
|
$0.03461
|
0.72%
|
6.07%
|
4.84%
|
1.23%
|
HEX.A
|
$0.03016
|
0.66%
|
5.27%
|
4.04%
|
1.23%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.07835
|
2.01%
|
6.83%
|
6.81%
|
0.02%
|
HEE.A
|
$0.06962
|
1.94%
|
6.03%
|
6.01%
|
0.02%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.15620
|
5.90%
|
6.81%
|
7.15%
|
-0.34%
|
HEP.A
|
$0.13722
|
5.84%
|
6.01%
|
6.35%
|
-0.34%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.05346
|
-0.09%
|
7.27%
|
5.08%
|
2.19%
|
HEF.A
|
$0.04778
|
-0.15%
|
6.47%
|
4.28%
|
2.19%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03656
|
-1.29%
|
6.85%
|
5.60%
|
1.25%
|
HEJ.A
|
$0.03228
|
-1.35%
|
6.05%
|
4.80%
|
1.25%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05404
|
-0.09%
|
5.84%
|
5.08%
|
0.76%
|
HEA
|
$0.05404
|
0.33%
|
5.84%
|
5.08%
|
0.76%
|
HEA.V
|
$0.04664
|
-0.15%
|
5.04%
|
4.28%
|
0.76%
|
HEA.A
|
$0.04664
|
0.27%
|
5.04%
|
4.28%
|
0.76%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02180
|
2.33%
|
4.96%
|
4.63%
|
0.33%
|
HGY.A
|
$0.01850
|
2.27%
|
4.21%
|
3.88%
|
0.33%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.09609
|
3.04%
|
8.02%
|
8.83%
|
-0.81%
|
HNY.A
|
$0.08626
|
2.97%
|
7.20%
|
8.00%
|
-0.80%
|
|
|
|
|
|
|
|
(1) Based on the period from March 22, 2017 to April
18, 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 April 18, 2017 NAV per unit, which is available
at www.HorizonsETFs.com.
(3) Annualized and based on the applicable March 22, 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 $0.07232
per unit and $0.06241 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 $7.5
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.