TORONTO, Dec. 19, 2016 /CNW/ - Horizons ETFs Management
(Canada) Inc. and its affiliate
AlphaPro Management Inc. (collectively "Horizons ETFs") are
pleased to announce the distribution amounts per unit (the
"Distributions") for certain of the Horizons ETFs family of
exchange traded funds (the "ETFs"), for the 2016 tax
year-end, as indicated in the table below.
Each ETF is required to distribute any net income and capital
gains that they have earned in the year. All of the Distributions
indicated as "Cash Distribution per Unit" in the table (the
"Cash Distributions") will be paid in cash unless the
unitholder has enrolled in the dividend reinvestment plan ("DRIP")
of the respective ETF.
The annual non-cash Distributions, indicated as "Reinvested
Annual Non-Cash Distributions per Unit (Est.)" in the table (the
"Non-Cash 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 of their
units of the respective ETF. The projected nature of the estimated
Non-Cash Distributions for the respective ETFs as either income or
capital gains is disclosed in the footnotes to the table below. The
Non-Cash 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 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.
The ex-dividend date for both the Cash and Non-Cash
Distributions is anticipated to be December
28, 2016, for all unitholders of record on December 30, 2016. The Cash Distributions will be
paid in cash, or if the unitholder has enrolled in the respective
ETF's DRIP, reinvested in additional units of the applicable ETF,
on or about January 12, 2017. The
Non-Cash Distributions will be effective December 30, 2016.
Horizons ETFs will make an additional announcement of the
December distributions for its family of covered call exchange
traded funds on or about December 20,
2016.
|
ETF
Name
|
Ticker
Symbol
|
Cash
Distribution per
Unit
|
Annualized
Yield*
|
Frequency
|
Reinvested Annual
Non-Cash Distribution per Unit (Est.)
|
|
Horizons Active
Corporate Bond ETF(1)
|
HAB
|
$0.03076
|
3.47%
|
Monthly
|
$0.08906
|
|
HAB.A
|
$0.02580
|
2.90%
|
Monthly
|
$0.08342
|
|
Horizons Seasonal
Rotation ETF(2)
|
HAC
|
-
|
-
|
Annually
|
$1.05688
|
|
HAC.A
|
-
|
-
|
Annually
|
$0.87844
|
|
Horizons Active Cdn
Bond ETF
|
HAD
|
$0.02486
|
3.07%
|
Monthly
|
-
|
|
HAD.A
|
$0.02006
|
2.48%
|
Monthly
|
-
|
|
Horizons Active
Global Fixed Income ETF
|
HAF
|
$0.02417
|
3.68%
|
Monthly
|
-
|
|
HAF.A
|
$0.02051
|
3.13%
|
Monthly
|
-
|
|
Horizons Active
Emerging Markets Dividend ETF
|
HAJ
|
$0.02096
|
2.11%
|
Monthly
|
-
|
|
HAJ.A
|
$0.01174
|
1.18%
|
Monthly
|
-
|
|
Horizons Active Cdn
Dividend ETF
|
HAL
|
$0.04391
|
3.42%
|
Monthly
|
-
|
|
HAL.A
|
$0.03313
|
2.58%
|
Monthly
|
-
|
|
Horizons Active US
Dividend ETF(3)
|
HAU
|
$0.01847
|
1.94%
|
Monthly
|
-
|
|
HAU.U
|
$0.01847
|
1.94%
|
Monthly
|
-
|
|
HAU.A
|
$0.01086
|
1.14%
|
Monthly
|
-
|
|
Horizons Active
Global Dividend ETF
|
HAZ
|
$0.03990
|
2.48%
|
Monthly
|
-
|
|
HAZ.A
|
$0.02716
|
1.69%
|
Monthly
|
-
|
|
Horizons S&P/TSX
60 Equal Weight Index ETF
|
HEW
|
$0.05267
|
1.58%
|
Quarterly
|
-
|
|
Horizons Active
Floating Rate Preferred Share ETF
|
HFP
|
$0.02963
|
4.14%
|
Monthly
|
-
|
|
HFP.A
|
$0.02553
|
3.57%
|
Monthly
|
-
|
|
Horizons Active
Floating Rate Bond ETF
|
HFR
|
$0.01804
|
2.16%
|
Monthly
|
-
|
|
HFR.A
|
$0.01338
|
1.60%
|
Monthly
|
-
|
|
Horizons Global
Currency Opportunities ETF(4)
|
HGC
|
-
|
-
|
Annually
|
$0.10082
|
|
Horizons Managed
Global Opportunities ETF(5)
|
HGM
|
$0.26563
|
5.22%
|
Semi-Ann.
|
-
|
|
HGM.A
|
$0.22156
|
4.37%
|
Semi-Ann.
|
-
|
|
Horizons Managed
Multi-Asset Momentum ETF
|
HMA
|
$0.04862
|
0.50%
|
Annually
|
-
|
|
HMA.A
|
$0.04319
|
0.45%
|
Annually
|
-
|
|
Horizons Active Cdn
Municipal Bond ETF
|
HMP
|
$0.01831
|
2.23%
|
Monthly
|
-
|
|
HMP.A
|
$0.01364
|
1.66%
|
Monthly
|
-
|
|
Horizons Global Risk
Parity ETF(6)
|
HRA
|
$0.04254
|
1.11%
|
Annually
|
-
|
|
Horizons Active
Preferred Share ETF
|
HPR
|
$0.03040
|
4.25%
|
Monthly
|
-
|
|
HPR.A
|
$0.02648
|
3.69%
|
Monthly
|
-
|
|
Horizons Active
Floating Rate Senior Loan ETF
|
HSL
|
$0.02692
|
3.24%
|
Monthly
|
-
|
|
HSL.A
|
$0.02234
|
2.69%
|
Monthly
|
-
|
|
Horizons Active US
Floating Rate Bond (USD) ETF(7)
|
HUF.U
|
$0.02181
|
2.61%
|
Monthly
|
-
|
|
HUF
|
$0.02181
|
2.61%
|
Monthly
|
-
|
|
HUF.V
|
$0.01712
|
2.05%
|
Monthly
|
-
|
|
Horizons Active High
Yield Bond ETF
|
HYI
|
$0.04805
|
5.72%
|
Monthly
|
-
|
|
HYI.A
|
$0.04334
|
5.16%
|
Monthly
|
-
|
|
Horizons China High
Dividend Yield Index ETF(8)
|
HCN
|
$0.23620
|
4.67%
|
Quarterly
|
$0.21152
|
|
Horizons Cdn Insider
Index ETF(9)
|
HII
|
$0.05981
|
2.10%
|
Quarterly
|
$0.21282
|
|
Horizons Canadian
Midstream Oil & Gas Index ETF
|
HOG
|
$0.09403
|
3.90%
|
Quarterly
|
-
|
|
* Based on
the applicable December 16, 2016 net asset value per unit, which is
available at www.HorizonsETFs.com.
|
|
|
|
|
|
(1)
|
The Non-Cash
Distributions for Horizons Active Corporate Bond ETF are projected
to be capital gains in nature.
|
|
(2)
|
The Non-Cash
Distributions for Horizons Seasonal Rotation ETF are projected to
be capital gains in nature.
|
|
(3)
|
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 $0.01384 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.
|
|
(4)
|
The Class E Units of
Horizons Global Currency Opportunities ETF began trading on July
18, 2016. The distributions attributable to those units have
been prorated from its launch date. The Non-Cash Distribution for
Horizons Global Currency Opportunities ETF is projected to be
income in nature.
|
|
(5)
|
Horizons Managed
Global Opportunities ETF Class F units, which are only available
for purchase by way of an offering memorandum, will have a cash
distribution of $0.28102 with a record date of December 22, 2016
and payable date of December 23, 2016.
|
|
(6)
|
The Class E Units of
Horizons Global Risk Parity ETF began trading on July 20,
2016. The distributions attributable to those units have been
prorated from its launch date.
|
|
(7)
|
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. The approximate Canadian dollar
equivalent distribution rate for HUF is $0.02911 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.
|
|
(8)
|
The Non-Cash
Distribution for Horizons China High Dividend Yield Index ETF is
projected to be income in nature.
|
|
(9)
|
The Non-Cash
Distribution for Horizons Cdn Insider Index ETF is projected to be
capital gains in nature.
|
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.
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
$7.0 billion of assets under
management. With 76 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 Global
Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.