TORONTO, March 22, 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 March 31, 2018, as indicated
in the table below.
The ex-dividend date for the Distributions is anticipated to be
March 28, 2018, for all unitholders
of record on March 29, 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 April
11, 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
|
$0.03090
|
3.05%
|
5.56%
|
6.25%
|
-0.69%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.06030
|
5.21%
|
6.51%
|
7.05%
|
-0.54%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.11630
|
1.05%
|
6.02%
|
6.24%
|
-0.22%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03808
|
1.88%
|
5.02%
|
6.02%
|
-1.00%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03713
|
-2.78%
|
6.86%
|
7.07%
|
-0.21%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05758
|
-0.96%
|
5.83%
|
5.63%
|
0.20%
|
HEA
|
$0.05758
|
1.04%
|
5.83%
|
5.63%
|
0.20%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01841
|
0.05%
|
4.33%
|
5.03%
|
-0.70%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.05736
|
0.68%
|
6.49%
|
7.49%
|
-1.00%
|
|
|
(1)
|
Based on the period
from February 20, 2018 to March 21, 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 March 21, 2018 NAV per unit, which is available
at www.HorizonsETFs.com.
|
(3)
|
Annualized and based
on the applicable February 20, 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 $0.07429
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 approximately $10
billion of assets under management and 82 ETFs listed on
major Canadian stock exchanges. Horizons ETFs Management
(Canada) Inc. is a member of the
Mirae Asset Global Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.