TORONTO, April 23, 2019 /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 April 30, 2019, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
April 29, 2019, for all unitholders
of record on April 30, 2019. 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 May
10, 2019.
Horizons ETFs has made an additional announcement regarding the
April distributions for certain of its ETFs in a separate press
release.
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
|
$0.02827
|
2.54%
|
5.03%
|
5.51%
|
-0.48%
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.04745
|
5.64%
|
6.01%
|
6.50%
|
-0.49%
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.10262
|
-6.15%
|
5.30%
|
5.01%
|
0.29%
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03835
|
2.68%
|
5.45%
|
5.48%
|
-0.03%
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03209
|
-0.59%
|
6.67%
|
6.81%
|
-0.14%
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.04961
|
2.16%
|
5.02%
|
5.88%
|
-0.86%
|
HEA
|
$0.04961
|
1.95%
|
5.02%
|
5.88%
|
-0.86%
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01639
|
-2.41%
|
4.30%
|
4.45%
|
-0.15%
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.06563
|
-7.86%
|
6.80%
|
7.01%
|
-0.21%
|
(1) Based on the period
from March 21, 2019, to April 22, 2019, 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 April 22, 2019, NAV per unit, which is available at
www.HorizonsETFs.com
|
(3)Annualized and based on the
applicable March 21, 2019, 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 $0.06622
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. (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 $10 billion of
assets under management and 87 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.