Horizons ETFs Announces June 2019 Distributions for Certain ETFs

Date : 06/21/2019 @ 10:29PM
Source : PR Newswire (Canada)
Stock : Horizons Marijuana Life Sciences Index ETF (HMMJ)
Quote : 8.96  0.02 (0.22%) @ 6:24PM

Horizons ETFs Announces June 2019 Distributions for Certain ETFs

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TORONTO, June 21, 2019 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the distribution amounts per unit (the "Distributions") for certain of its exchange traded funds (the "ETFs") for the period ending June 30, 2019, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be June 27, 2019, for all unitholders of record on June 28, 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 July 11, 2019. 

Horizons ETFs has made an additional announcement regarding the June distributions for its family of covered call ETFs in a separate press release.

ETF Name

Ticker Symbol

Distribution per Unit

Annualized Yield*

Frequency

Horizons US Dollar Currency ETF (1)

DLR.U

$0.02044

0.81%


DLR

$0.02044

0.81%


Horizons Global Sustainability Leaders Index ETF

ETHI

$0.04824

0.69%

Quarterly

Horizons Active Corporate Bond ETF

HAB

$0.02698

2.94%

Monthly

Horizons Active Cdn Bond ETF

HAD

$0.02013

2.34%

Monthly

Horizons Active Global Fixed Income ETF

HAF

$0.01789

2.75%

Monthly

Horizons Active Emerging Markets Dividend ETF

HAJ

$0.05585

1.70%

Quarterly

Horizons Active Cdn Dividend ETF

HAL

$0.12830

3.01%

Quarterly

Horizons Active US Dividend ETF(2)

HAU

$0.05236

1.55%

Quarterly

HAU.U

$0.05236

1.55%

Quarterly

Horizons Active Global Dividend ETF

HAZ

$0.11092

1.95%

Quarterly

Horizons China High Dividend Yield Index ETF

HCN

$0.28060

4.43%

Quarterly

Horizons Active Emerging Markets Bond ETF

HEMB

$0.03524

4.13%

Monthly

Horizons S&P/TSX 60 Equal Weight Index ETF

HEW

$0.07426

2.00%

Quarterly

Horizons Active Floating Rate Preferred Share ETF

HFP

$0.03279

5.08%

Monthly

Horizons Active Floating Rate Bond ETF

HFR

$0.02164

2.58%

Monthly

Horizons Managed Global Opportunities ETF

HGM

$0.08708

1.60%

Semi-Annual

Horizons Cdn Insider Index ETF

HII

$0.06559

2.36%

Quarterly

Horizons Emerging Marijuana Growers Index ETF(3)

HMJR

$0.08941

5.92%


Horizons Marijuana Life Sciences Index ETF(4)

HMMJ

$0.20068

4.23%

Quarterly

HMMJ.U

$0.20068

4.23%

Quarterly

Horizons Active Cdn Municipal Bond ETF

HMP

$0.01710

2.06%

Monthly

Horizons US Marijuana Index ETF(5)

HMUS

$0.05762

3.55%


HMUS.U

$0.05762

3.55%


Horizons Canadian Midstream Oil & Gas Index ETF

HOG

$0.09788

4.43%

Quarterly

Horizons Active Preferred Share ETF

HPR

$0.03343

5.14%

Monthly

Horizons Active Floating Rate Senior Loan ETF

HSL

$0.03155

3.94%

Monthly

Horizons Active US Floating Rate Bond (USD) ETF(6)

HUF.U

$0.02787

3.33%

Monthly

HUF

$0.02787

3.33%

Monthly

Horizons Active High Yield Bond ETF

HYI

$0.05024

6.23%

Monthly

Horizons Inovestor Canadian Equity Index ETF

INOC

$0.05919

2.26%

Quarterly

 

* Based on the applicable June 20, 2019, net asset value per unit, which is available at www.HorizonsETFs.com.



(1)

Distributions for the Horizons US Dollar Currency ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker DLR. The approximate Canadian dollar equivalent distribution rate for DLR is $0.02696 per unit. For unitholders who hold the Canadian dollar-traded DLR, distribution payments will typically be converted to Canadian dollars by the unitholder's account holder.  Distributions are being reviewed at least quarterly but they are declared at the discretion of Horizons ETFs and may not be announced with a set frequency.

(2)

Distributions for Horizons Active US Dividend ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HAU.U. The approximate U.S. dollar equivalent distribution rate for HAU.U is $0.03970 per unit. For unitholders who hold the U.S. dollar traded HAU.U, distribution payments will typically be converted to U.S. dollars by the unitholder's account holder.

(3)

Distributions for Horizons Emerging Marijuana Growers Index ETF are being reviewed at least quarterly but they are declared at the discretion of Horizons ETFs and may not be announced with a set frequency.

(4)

Distributions for Horizons Marijuana Life Sciences Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HMMJ.U. The approximate U.S. dollar equivalent distribution rate for HMMJ.U is $0.15215 per unit. For unitholders who hold the U.S. dollar traded HMMJ.U, distribution payments will typically be converted to U.S. dollars by the unitholder's account holder.

(5)

The units of Horizons US Marijuana Index ETF began trading on April 17, 2019. The distributions attributable to those units have been pro-rated from its launch date.  Distributions are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HMUS.U. The approximate U.S. dollar equivalent distribution rate for HMUS.U is $ 0.04369 per unit. For unitholders who hold the U.S. dollar traded HMUS.U, distribution payments will typically be converted to U.S. dollars by the unitholder's account holder.  Distributions are being reviewed at least quarterly but they are declared at the discretion of Horizons ETFs and may not be announced with a set frequency.

(6)

Distributions for the Horizons Active US Floating Rate Bond (USD) ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. The approximate Canadian dollar equivalent distribution rate for HUF is $0.03676 per unit. For unitholders who hold the Canadian dollar-traded HUF, distribution payments will typically be converted to Canadian dollars by the unitholder's account holder.

 

Distributions for the ETFs will vary from period to period. 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 90 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. 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.

There are risks associated with investing in HMUS. HMUS is expected to invest in the Marijuana industry in certain U.S. states that have legalized marijuana for therapeutic or adult-use, which is currently illegal under U.S. federal law. HMUS will passively invest in companies involved in the Marijuana industry in the U.S. where local state law regulates and permits such activities, as well as in companies involved in the Canadian legal Marijuana industry. HMUS will not be directly engaged in the manufacture, importation, possession, use, sale or distribution of marijuana in either Canada or the U.S. Please read the full risk disclosure in the prospectus before investing.

SOURCE Horizons ETFs Management (Canada) Inc.

Copyright 2019 Canada NewsWire

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