TORONTO, July 21, 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
July 31, 2017, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be
July 27, 2017, for all unitholders of
record on July 31, 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 August
11, 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
|
$0.03581
|
1.50%
|
6.53%
|
6.74%
|
-0.21%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.08023
|
1.13%
|
8.00%
|
8.08%
|
-0.08%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.12796
|
-2.01%
|
6.35%
|
7.11%
|
-0.76%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04789
|
3.24%
|
6.52%
|
7.21%
|
-0.69%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03675
|
1.15%
|
6.51%
|
6.51%
|
0.00%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05566
|
1.28%
|
5.86%
|
6.16%
|
-0.30%
|
HEA
|
$0.05566
|
-4.17%
|
5.86%
|
6.16%
|
-0.30%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01876
|
-0.17%
|
4.46%
|
4.69%
|
-0.23%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.08469
|
4.14%
|
7.73%
|
10.17%
|
-2.44%
|
(1) Based
on the period from June 21, 2017 to July 20, 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 July 20, 2017 NAV per unit,
which is available at www.HorizonsETFs.com.
|
(3)
Annualized and based on the applicable June 21, 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 $0.07014 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 $8.0
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.