TORONTO,
June 22, 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
June 30, 2017, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated
to be June 28, 2017, for all
unitholders of record on June 30,
2017. The Distributions for 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 units
of the applicable ETF, on or about July
13, 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
|
$0.03666
|
-3.16%
|
6.74%
|
5.52%
|
1.22%
|
Horizons Enhanced Income Energy ETF
|
HEE
|
$0.08066
|
-11.57%
|
8.08%
|
6.81%
|
1.27%
|
Horizons Enhanced Income Gold Producers
ETF
|
HEP
|
$0.14697
|
-6.61%
|
7.11%
|
6.62%
|
0.49%
|
Horizons Enhanced Income Financials
ETF
|
HEF
|
$0.05160
|
1.45%
|
7.21%
|
7.25%
|
-0.04%
|
Horizons Enhanced Income International Equity
ETF
|
HEJ
|
$0.03651
|
-0.61%
|
6.51%
|
5.76%
|
0.75%
|
Horizons Enhanced Income US Equity (USD)
ETF(5)
|
HEA.U
|
$0.05808
|
1.93%
|
6.16%
|
5.86%
|
0.30%
|
HEA
|
$0.05808
|
0.44%
|
6.16%
|
5.86%
|
0.30%
|
Horizons Gold Yield ETF
|
HGY
|
$0.01987
|
-0.44%
|
4.69%
|
5.06%
|
-0.37%
|
Horizons Natural Gas Yield ETF
|
HNY
|
$0.10791
|
-11.20%
|
10.17%
|
7.55%
|
2.62%
|
(1) Based on the period from
May 19, 2017 to June 21, 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 June
21, 2017 NAV per unit, which is available at
www.HorizonsETFs.com.
|
(3) Annualized
and based on the applicable May
19, 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 ticker HEA. The approximate
Canadian dollar equivalent distribution rate for HEA is $ 0.07735
per unit. For unitholders who hold
the Canadian dollar traded HEA, 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 $7.8
billion of assets under management and 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.