TORONTO, Dec. 20, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is pleased to announce the distribution amounts per unit
(the "Distributions") for its suite of covered call exchange
traded funds (the "ETFs"), for the period ending
December 31, 2018, as indicated in
the table below.
The ex-dividend date for the Distributions is anticipated to be
December 28, 2018, for all
unitholders of record on December 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 January 11, 2019.
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
|
$0.03589
|
-4.78%
|
7.04%
|
6.09%
|
0.95%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.05028
|
-13.29%
|
7.76%
|
7.11%
|
0.65%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.10430
|
3.62%
|
5.75%
|
5.59%
|
0.16%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03836
|
-6.44%
|
6.05%
|
5.72%
|
0.33%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03210
|
-4.05%
|
7.06%
|
6.88%
|
0.18%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.06490
|
-4.13%
|
7.25%
|
6.16%
|
1.09%
|
HEA
|
$0.06490
|
-1.89%
|
7.25%
|
6.16%
|
1.09%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01792
|
1.27%
|
4.70%
|
4.73%
|
-0.03%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.10911
|
-3.28%
|
9.46%
|
8.01%
|
1.45%
|
|
(1) Based on the period
from November 22, 2018 to December 19, 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 December 19, 2018 NAV per
unit, which is available at www.HorizonsETFs.com.
|
(3)
Annualized and based on the applicable November 22, 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 $0.08757
per unit. The approximate Canadian dollar equivalent for the
estimated annual non-cash distribution rate for HEA in the table
below is $0.24778 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.
In addition to the cash distributions declared above, Horizons
ETFs is also announcing today the estimated annual non-cash
distributions (the "Non-Cash Distributions") to be distributed to
unitholders for the 2018 tax year for the ETF in the table
below.
The annual Non-Cash Distributions, indicated as "Reinvested
Annual Non-Cash Distribution per Unit (Est.)" in the table, will
not be paid in cash but will be reinvested and reported as taxable
distributions and will be used to increase each unitholder's
adjusted cost base of their units of the ETF. The Non-Cash
Distributions will be reinvested automatically in additional units
of the ETF and immediately consolidated so that the number of units
held by the unitholder, the units outstanding of the ETF and the
net asset value of the ETF will not change as a result of the
Non-Cash Distributions. The annual Non-Cash Distribution rates in
the table below are presented on an estimated basis. A press
release confirming the final annual Non-Cash Distribution rates
will be disseminated on or about the record date of the
Distributions.
ETF
Name
|
Ticker
Symbol
|
Reinvested Annual
Non-
Cash Distribution per Unit
(Est.)
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.18363
|
HEA
|
$0.18363
|
For certain ETFs, the annualized yield of the December
distribution is not indicative of the actual annual yield of the
ETF. For further information regarding the Distributions,
please visit www.HorizonsETFs.com.
About Horizons ETFs Management (Canada)
Inc. (www.HorizonsETFs.com)
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 family 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 has more than $9.8 billion of
assets under management and 85 ETFs listed on major Canadian stock
exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
Horizons ETFs is a member of Mirae Asset Global Investments.
Commissions, management fees and expenses all may be associated
with an investment in exchange traded products managed by Horizons
ETFs Management (Canada) Inc. (the
"Horizons Exchange Traded Products"). The Horizons Exchange Traded
Products are not guaranteed, their values change frequently and
past performance may not be repeated. The prospectus contains
important detailed information about the Horizons Exchange Traded
Products. Please read the relevant prospectus before
investing.
SOURCE Horizons ETFs Management (Canada) Inc.