TORONTO,
Dec. 31, 2015 /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 2015 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, 2015.
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, 2015.
The ex-dividend date for these distributions was
December 29, 2015, for all
unitholders of record on December 31,
2015. In early 2016, the tax characteristics of all
distributions for 2015 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, 2015
|
|
Horizons Active
Diversified Income ETF
|
HAA
|
$0.33834
|
$0.33834
|
|
HAA.A
|
$0.31734
|
$0.31734
|
|
Horizons Seasonal
Rotation ETF
|
HAC
|
$1.10381
|
$1.11552
|
|
HAC.A
|
$0.94504
|
$0.95837
|
|
Horizons Active
Global Dividend ETF
|
HAZ
|
$0.38294
|
$0.38821
|
|
HAZ.A
|
$0.37023
|
$0.37562
|
|
Horizons Managed
Global Opportunities ETF(1)
|
HGM
|
$0.10106
|
$0.11161
|
|
HGM Cl. F
|
$0.08065
|
$0.08065
|
|
HGM.A
|
$0.07348
|
$0.11127
|
|
Horizons Active US
Floating Rate Bond (USD) ETF(2)
|
HUF.U
|
$0.20483
|
$0.20483
|
|
HUF
|
$0.20483
|
$0.20483
|
|
HUF.V
|
$0.19942
|
$0.19942
|
|
(1)
|
The Class E and
Advisor Class Units of Horizons Managed Global Opportunities ETF
began trading on August 26, 2015 and Class F began on September 25,
2015. The distributions attributable to those units have been
prorated from their respective launch dates. Class F units of
Horizons Managed Global Opportunities ETF are not publicly traded
on the Toronto Stock Exchange.
|
|
|
|
(2)
|
Distributions for
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.
|
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. Horizons ETFs has more than $5.2
billion of assets under management and with 70 ETFs listed
on the Toronto Stock Exchange, 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.