TORONTO, Jan. 24, 2018 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs") is 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 January 31,
2018, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
January 30, 2018, for all unitholders
of record on January 31, 2018. 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 February
12, 2018.
|
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
|
$0.02923
|
1.81%
|
5.02%
|
5.42%
|
-0.40%
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.06211
|
7.64%
|
6.03%
|
6.49%
|
-0.46%
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.12147
|
6.65%
|
5.75%
|
6.00%
|
-0.25%
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04174
|
1.83%
|
5.25%
|
5.14%
|
0.11%
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03916
|
4.93%
|
6.50%
|
6.79%
|
-0.29%
|
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05435
|
4.51%
|
5.19%
|
5.74%
|
-0.55%
|
|
HEA
|
$0.05435
|
0.90%
|
5.19%
|
5.74%
|
-0.55%
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01839
|
4.34%
|
4.26%
|
4.48%
|
-0.22%
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.06811
|
10.43%
|
7.01%
|
7.72%
|
-0.71%
|
|
|
(1) Based
on the period from December 19, 2017 to January 23, 2018, 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 January 23, 2018 NAV per
unit, which is available at www.HorizonsETFs.com.
|
|
(3)
Annualized and based on the applicable December 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 the 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 $0.06754 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 $10
billion of assets under management and 81 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.