TORONTO, Sept. 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
September 30, 2017, as indicated in
the table below.
The ex-dividend date for the Distributions is anticipated to be
September 28, 2017, for all
unitholders of record on September 29,
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 October
12, 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
|
$0.03469
|
3.21%
|
6.26%
|
6.71%
|
-0.45%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.07472
|
9.40%
|
7.24%
|
8.31%
|
-1.07%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.12354
|
-0.76%
|
6.03%
|
6.02%
|
0.01%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04447
|
2.28%
|
6.01%
|
6.83%
|
-0.82%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03734
|
1.61%
|
6.65%
|
6.71%
|
-0.06%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05560
|
2.03%
|
5.75%
|
5.87%
|
-0.12%
|
HEA
|
$0.05560
|
0.08%
|
5.75%
|
5.87%
|
-0.12%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01749
|
0.74%
|
4.05%
|
4.27%
|
-0.22%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.07704
|
3.35%
|
7.11%
|
8.51%
|
-1.40%
|
|
|
(1)
|
Based on the period
from August 22, 2017 to September 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 September 20, 2017 NAV per unit, which is
available at www.HorizonsETFs.com.
|
(3)
|
Annualized and based
on the applicable August 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 ticker HEA. The approximate Canadian dollar equivalent
distribution rate for HEA is $0.06854 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. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product suite includes a broadly diversified range of
solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs currently has more than $8.2
billion of assets under management and 76 ETFs listed on the
Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.