TORONTO, Dec. 6, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") announced today the estimated non-cash distributions
(the "Non-Cash Distributions") to unitholders of certain of
the exchange traded funds (the "ETFs") it manages for the
2018 tax year as indicated in the table below. Those ETFs managed
by Horizons ETFs not listed in the table are not expected to have a
non-cash distribution for the 2018 tax year.
With respect to Horizons ETFs' BetaPro family of tactical ETFs –
as well as its suite of innovative total return index
("TRI") ETFs – this is expected to be the twelfth
consecutive year with no distributions. This includes the Horizons
S&P/TSX 60TM Index ETF (HXT/HXT.U) and the Horizons
S&P 500® ETF (HXS/HXS.U), which have both completed
eight full calendar years of operations since their inception
without any distributions to unitholders.
Please note that these are estimated amounts only.
Circumstances may arise which could cause these estimates to change
before the ETFs' applicable tax year ends on December 15, 2018, or December 31, 2018.
Each ETF is required to distribute any net income and capital
gains it has earned during the year. The Non-Cash Distributions
will be automatically reinvested in additional units of the
respective ETFs and immediately consolidated so that the number of
units held by the unitholder (the outstanding units 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 Distributions will
be reported to investors as taxable distributions and will increase
each unitholder's adjusted cost base for the respective ETF. The
Non-Cash Distributions may be income and/or capital gains in
nature. These estimated amounts are for the Non-Cash distributions
only and do not include any estimates of the regular monthly or
quarterly cash distributions, as applicable, including income and
capital gains amounts that may form a part of the monthly and/or
quarterly distributions.
Horizons ETFs expects to announce the final year-end income and
capital gains distribution amounts, as well as regular monthly,
quarterly and semi-annual cash distribution amounts, on or about
December 20, 2018. The ex-dividend
date for all of these distributions (cash and non-cash) is
anticipated to be December 28, 2018,
for all unitholders of record on December
31, 2018. In early 2019, the tax characteristics of all
distributions for 2018 for the ETFs will be reported to brokers via
CDS Clearing and Depository Services Inc. ("CDS") and will
be posted on our website shortly thereafter.
|
ETF
Name
|
Ticker
Symbol
|
Estimated
Annual
Non-Cash
Distributions per
Unit as of
Dec. 5,
2018
|
Net Asset
Value per
Unit as of
Dec. 5, 2018
|
Estimated
Non-Cash
Distributions as
a % of NAV as of
Dec. 5,
2018
|
|
Horizons Global
Sustainability
Leaders Index
ETF
|
ETHI
|
$0.124
|
$25.0901
|
0.49%
|
|
Horizons
Seasonal
Rotation
ETF
|
HAC
|
$1.151
|
$20.2883
|
5.67%
|
|
Horizons Active
Emerging
Markets Dividend
ETF
|
HAJ
|
$0.334
|
$12.6742
|
2.64%
|
|
Horizons Active
Global
Dividend
ETF
|
HAZ
|
$0.086
|
$20.8681
|
0.41%
|
|
Horizons Enhanced
Income
US Equity (USD)
ETF(2)
|
HEA.U/HEA
|
$0.152
|
$11.4003
|
1.33%
|
|
Horizons Active US
Floating
Rate Bond (USD)
ETF(2)
|
HUF.U/HUF
|
$0.267
|
$9.9968
|
2.67%
|
|
|
|
(1)
|
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. 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.
|
|
|
|
(2)
|
Distributions for the
Horizons Enhanced Income US Equity (USD) ETF and 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 tickers HEA and HUF, respectively. For unitholders
who hold the Canadian dollar-traded HEA and HUF, 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. 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 $10.3 billion of
assets under management and 85 ETFs listed on major Canadian stock
exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
Certain statements may constitute a forward-looking
statement, including those identified by the expression "expect"
and similar expressions (including grammatical variations thereof).
The forward-looking statements are not historical facts but reflect
the author's current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. These and other
factors should be considered carefully and readers should not place
undue reliance on such forward looking statements. These
forward-looking statements are made as of the date hereof and the
authors do not undertake to update any forward-looking statement
that is contained herein, whether as a result of new information,
future events or otherwise, unless required by applicable
law.
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. Please read the relevant prospectus before
investing.
SOURCE Horizons ETFs Management (Canada) Inc.