TORONTO, Aug. 23, 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
August 31, 2017, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be
August 29, 2017, for all unitholders
of record on August 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 September 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
|
$0.03622
|
-1.02%
|
6.71%
|
6.53%
|
0.18%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.07899
|
-4.65%
|
8.31%
|
8.00%
|
0.31%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.12488
|
3.49%
|
6.02%
|
6.35%
|
-0.33%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04967
|
-0.38%
|
6.83%
|
6.52%
|
0.31%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03731
|
-0.99%
|
6.71%
|
6.51%
|
0.20%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05585
|
0.68%
|
5.87%
|
5.86%
|
0.01%
|
HEA
|
$0.05585
|
0.41%
|
5.87%
|
5.86%
|
0.01%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01838
|
2.52%
|
4.27%
|
4.46%
|
-0.19%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.08983
|
-3.04%
|
8.51%
|
7.73%
|
0.78%
|
(1) Based
on the period from July 20, 2017 to August 22, 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 August 22, 2017 NAV per
unit, which is available at www.HorizonsETFs.com.
|
(3)
Annualized and based on the applicable July 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 ticker HEA. The approximate Canadian dollar
equivalent distribution rate for HEA is $0.07019 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 $7.9 billion of assets under management and with
76 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.