TORONTO, Feb. 21, 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 February 28, 2018, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
February 27, 2018, for all
unitholders of record on February 28,
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 March 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
|
$0.03389
|
-6.37%
|
6.25%
|
5.02%
|
1.23%
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.06252
|
-13.51%
|
7.05%
|
6.03%
|
1.02%
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.12000
|
-8.59%
|
6.24%
|
5.75%
|
0.49%
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04512
|
-5.31%
|
6.02%
|
5.25%
|
0.77%
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03961
|
-6.46%
|
7.07%
|
6.50%
|
0.57%
|
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05641
|
-3.92%
|
5.63%
|
5.19%
|
0.44%
|
|
HEA
|
$0.05641
|
-2.22%
|
5.63%
|
5.19%
|
0.44%
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02147
|
-0.69%
|
5.03%
|
4.26%
|
0.77%
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.06618
|
-8.51%
|
7.49%
|
7.01%
|
0.48%
|
(1) Based on the period from January 23, 2018 to February 20, 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 February 20, 2018 NAV per unit, which is
available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable January 23, 2018 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
$0.07134 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 $9.9
billion of assets under management and 82 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.