TORONTO, Dec. 31, 2014 /CNW/ - Horizons ETFs Management
(Canada) Inc. and its affiliate
AlphaPro Management Inc. (collectively "Horizons ETFs")
confirmed today the annual distribution of capital gains to
unitholders of certain of the exchange traded funds that Horizons
ETFs manages (the "ETFs") for the 2014 tax year as indicated
in the table below. Please note that this is an update to the
estimated annual capital gains distributions previously announced
on December 18 and 19, 2014.
Any ETFs that were previously estimated to have a nil capital gains
distribution are confirmed as such.
Each of the ETFs is required to distribute any net income and
capital gains that they have earned in the year. The annual capital
gains distributions 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 for the respective ETF. The
capital gains distributions will be reinvested automatically in
additional units of the respective ETFs and immediately
consolidated so that the number of units held by the unitholder,
the units outstanding of the ETFs, and the net asset value of the
ETFs, will not change as a result of the capital gains
distributions. These amounts are for the annual capital gains
distributions and do not include the regular monthly or quarterly
cash distributions, as applicable, announced on December 18 and 19, 2014.
The ex-dividend date for these distributions was December 29, 2014, for all unitholders of record
on December 31, 2014. In early
2015, the tax characteristics of all distributions for 2014 for the
ETFs will be reported to brokers via the Canadian Depository for
Securities (CDS).
|
ETF
Name
|
Ticker
Symbol
|
Final
Confirmed Annual Capital Gains per Unit
|
Estimated
Annual Capital Gains per Unit announced on Dec. 18/19,
2014
|
|
Horizons Active
Corporate Bond ETF
|
HAB
|
$0.05485
|
$0.05498
|
|
HAB.A
|
$0.05018
|
$0.05035
|
|
Horizons Seasonal
Rotation ETF
|
HAC
|
$0.57103
|
$0.57103
|
|
HAC.A
|
$0.44435
|
$0.44435
|
|
Horizons Active Cdn
Dividend ETF
|
HAL
|
$0.03915
|
$0.03915
|
|
HAL.A
|
$0.02906
|
$0.02906
|
|
Horizons Active
Global Dividend ETF
|
HAZ
|
$0.28843
|
$0.29197
|
|
HAZ.A
|
$0.27712
|
$0.28132
|
|
Horizons Enhanced
Income US Equity (USD) ETF (1)
|
HEA.U
|
$1.02667
|
$1.02667
|
|
HEA
|
$1.02667
|
$1.02667
|
|
HEA.V
|
$1.01880
|
$1.01880
|
|
HEA.A
|
$1.01880
|
$1.01880
|
|
Horizons Morningstar
Hedge Fund Index ETF
|
HHF
|
$0.55900
|
$0.55900
|
|
HHF.A
|
$0.43638
|
$0.43638
|
(1) Distributions for Horizons Enhanced Income
US Equity (USD) ETF are declared and paid in U.S. dollars,
including those listed under the Canadian dollar traded tickers HEA
and HEA.A. The approximate Canadian dollar equivalent
distribution rates for HEA and HEA.A are $1.19125 per unit and $1.18211 per unit, respectively. For unitholders
who hold Canadian dollar traded HEA and HEA.A, distribution
payments will typically be converted to Canadian dollars by the
unitholder's account holder.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies
offering the Horizons ETFs family of exchange-traded funds. The
Horizons ETFs family includes a broadly diversified range of
investment tools with solutions for investors of all experience
levels to meet their investment objectives in a variety of market
conditions. With more than $4.6
billion in assets under management as of November 30, 2014, and 72 ETFs listed on the TSX,
the Horizons ETFs family makes up one of the largest families of
ETFs in Canada. Horizons ETFs
Management (Canada) Inc. and
AlphaPro Management Inc. are members of the Mirae Asset Financial
Group.
SOURCE Horizons ETFs Management (Canada) Inc.