TORONTO, Dec. 20,
2023 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is pleased to announce the distribution amounts per
security (the "Distributions") for its exchange traded funds
(the "ETFs"), for the period ending December 31, 2023, as indicated in the tables
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 Security" in the table (the
"Cash Distributions") will be paid in cash unless the
securityholder has enrolled in the dividend reinvestment plan
("DRIP") of the respective ETF.
The estimated annual non-cash Distributions, indicated as
"Reinvested Annual Non-Cash Distributions per Security (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 securityholder's adjusted cost base
of their securities of the respective ETF. The Non-Cash
Distributions will be reinvested automatically in additional
securities of the respective ETFs and immediately consolidated so
that the number of securities held by the securityholder, the
securities 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 the Distributions is anticipated to be
December 28, 2023, for all
ETFs.
|
ETF
Name
|
Ticker
Symbol
|
Distribution
per
Security
|
Frequency
|
Reinvested
Non-Cash
Income
Distribution
per
Security
(Est.)
|
Estimated
Non-Cash
Distribution
as % of
NAV
|
|
Horizons Seasonal
Rotation ETF
|
HAC
|
$0.31760
|
Annually
|
$0.71471
|
2.51 %
|
|
Horizons Robotics &
AI Index ETF(1)
|
RBOT
|
$0.03011
|
Annually
|
-
|
-
|
|
RBOT.U
|
$0.03011
|
Annually
|
-
|
-
|
|
Horizons Global Uranium
Index ETF
|
HURA
|
$0.35774
|
Annually
|
-
|
-
|
|
Horizons Big Data &
Hardware Index ETF(2)
|
HBGD
|
$0.17216
|
Annually
|
-
|
-
|
|
HBGD.U
|
$0.17216
|
Annually
|
-
|
-
|
|
Horizons Global Lithium
Producers Index ETF
|
HLIT
|
$0.70350
|
Annually
|
-
|
-
|
|
Horizons Global
Semiconductor Index ETF(3)
|
CHPS
|
$0.16820
|
Annually
|
-
|
-
|
|
CHPS.U
|
$0.16820
|
Annually
|
-
|
-
|
|
Horizons GX
Cybersecurity Index ETF
|
HBUG
|
$0.34694
|
Annually
|
-
|
-
|
|
Horizons Copper
Producers Index ETF
|
COPP
|
$0.19936
|
Annually
|
$1.41478
|
5.13 %
|
|
Horizons Active Cdn
Dividend ETF
|
HAL
|
$0.14250
|
Quarterly
|
-
|
-
|
|
Horizons Active Global
Dividend ETF
|
HAZ
|
$0.12250
|
Quarterly
|
-
|
-
|
|
Horizons Pipelines
& Energy Services Index ETF
|
HOG
|
$0.10500
|
Quarterly
|
$0.45195
|
17.65 %
|
|
Horizons Inovestor
Canadian Equity Index ETF
|
INOC
|
$0.07500
|
Quarterly
|
$0.07640
|
2.16 %
|
|
Horizons Global
Sustainability Leaders Index ETF
|
ETHI
|
$0.12500
|
Quarterly
|
-
|
-
|
|
Horizons S&P Green
Bond Index ETF
|
HGGB
|
$0.19663
|
Quarterly
|
-
|
-
|
|
Horizons Active
Corporate Bond ETF
|
HAB
|
$0.03200
|
Monthly
|
-
|
-
|
|
Horizons Active Cdn
Bond ETF
|
HAD
|
$0.02100
|
Monthly
|
-
|
-
|
|
Horizons Active Global
Fixed Income ETF
|
HAF
|
$0.03200
|
Monthly
|
-
|
-
|
|
Horizons Active Hybrid
Bond and Preferred Share
ETF
|
HYBR
|
$0.03400
|
Monthly
|
-
|
-
|
|
Horizons Active
Ultra-Short Term Investment Grade
Bond ETF
|
HFR
|
$0.04750
|
Monthly
|
$0.05665
|
6.89 %
|
|
Horizons Active Cdn
Municipal Bond ETF
|
HMP
|
$0.02150
|
Monthly
|
-
|
-
|
|
Horizons Active
Preferred Share ETF
|
HPR
|
$0.03400
|
Monthly
|
-
|
-
|
|
Horizons Active
Floating Rate Senior Loan ETF
|
HSL
|
$0.04800
|
Monthly
|
-
|
-
|
|
Horizons Active
Ultra-Short Term US Investment
Grade Bond ETF(4)
|
HUF.U
|
$0.04000
|
Monthly
|
-
|
-
|
|
HUF
|
$0.04000
|
Monthly
|
-
|
-
|
|
Horizons Active High
Yield Bond ETF
|
HYI
|
$0.03850
|
Monthly
|
-
|
-
|
|
Horizons Tactical
Absolute Return Bond ETF
|
HARB.J
|
$0.03700
|
Monthly
|
-
|
-
|
|
Horizons Active ESG
Corporate Bond ETF
|
HAEB
|
$0.02900
|
Monthly
|
-
|
-
|
|
Horizons Canadian
Utility Services High Dividend
Index ETF
|
UTIL
|
$0.07900
|
Monthly
|
-
|
-
|
|
Horizons Conservative
Asset Allocation ETF
|
HCON
|
$0.03000
|
Monthly
|
-
|
-
|
|
Horizons Balanced Asset
Allocation ETF
|
HBAL
|
$0.03000
|
Monthly
|
-
|
-
|
|
Horizons Growth Asset
Allocation ETF
|
HGRW
|
$0.04000
|
Monthly
|
-
|
-
|
|
Horizons All-Equity
Asset Allocation ETF
|
HEQT
|
$0.02500
|
Monthly
|
-
|
-
|
|
Horizons Equal Weight
Banks Index ETF
|
HBNK
|
$0.08500
|
Monthly
|
-
|
-
|
|
Horizons Equal Weight
Canadian Bank Covered Call
ETF
|
BKCC
|
$0.15000
|
Monthly
|
-
|
-
|
|
Horizons Canadian Oil
and Gas Equity Covered Call
ETF
|
ENCC
|
$0.13000
|
Monthly
|
-
|
-
|
|
Horizons US Large Cap
Equity Covered Call ETF(5)
|
USCC.U
|
$0.12000
|
Monthly
|
-
|
-
|
|
USCC
|
$0.12000
|
Monthly
|
-
|
-
|
|
Horizons NASDAQ-100
Covered Call ETF
|
QQCC
|
$0.10750
|
Monthly
|
-
|
-
|
|
Horizons Canadian Large
Cap Equity Covered Call
ETF
|
CNCC
|
$0.10000
|
Monthly
|
-
|
-
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.05000
|
Monthly
|
-
|
-
|
|
Horizons Gold Producer
Equity Covered Call ETF
|
GLCC
|
$0.22000
|
Monthly
|
-
|
-
|
|
Horizons Enhanced Equal
Weight Banks Index ETF
|
BNKL
|
$0.09500
|
Monthly
|
-
|
-
|
|
Horizons Enhanced Equal
Weight Canadian Banks
Covered Call ETF
|
BKCL
|
$0.24500
|
Monthly
|
-
|
-
|
|
Horizons Enhanced
S&P/TSX 60 Index ETF
|
CANL
|
$0.07000
|
Monthly
|
-
|
-
|
|
Horizons Enhanced
Canadian Large Cap Equity
Covered Call ETF
|
CNCL
|
$0.20000
|
Monthly
|
-
|
-
|
|
Horizons Enhanced US
Large Cap Equity Covered
Call ETF
|
USCL
|
$0.23000
|
Monthly
|
-
|
-
|
|
Horizons Enhanced
NASDAQ-100 Covered Call
ETF
|
QQCL
|
$0.25000
|
Monthly
|
-
|
-
|
|
Horizons Enhanced
Canadian Oil and Gas Equity
Covered Call ETF
|
ENCL
|
$0.29000
|
Monthly
|
-
|
-
|
|
Horizons Enhanced
All-Equity Asset Allocation
Covered Call ETF
|
EQCL
|
$0.19500
|
Monthly
|
-
|
-
|
|
Horizons Enhanced
All-Equity Asset Allocation ETF
|
HEQL
|
$0.04000
|
Monthly
|
-
|
-
|
|
Horizons Growth Asset
Allocation Covered Call ETF
|
GRCC
|
$0.14000
|
Monthly
|
-
|
-
|
|
Horizons Short-Term
U.S. Treasury Premium Yield
ETF(6)
|
SPAY.U
|
$0.12500
|
Monthly
|
$0.00001
|
0.00 %
|
|
SPAY
|
$0.12500
|
Monthly
|
$0.00001
|
0.00 %
|
|
Horizons Mid-Term U.S.
Treasury Premium Yield
ETF(6)
|
MPAY.U
|
$0.15000
|
Monthly
|
-
|
-
|
|
MPAY
|
$0.15000
|
Monthly
|
-
|
-
|
|
Horizons Long-Term U.S.
Treasury Premium Yield
ETF(6)
|
LPAY.U
|
$0.17500
|
Monthly
|
-
|
-
|
|
LPAY
|
$0.17500
|
Monthly
|
-
|
-
|
The ex-dividend date for the following Distributions is
anticipated to be December 29,
2023.
|
ETF
Name
|
Ticker
Symbol
|
Distribution
per Security
|
Frequency
|
Reinvested
Non-Cash
Income
Distribution
per
Security
(Est.)
|
Estimated
Non-Cash
Distribution
as % of
NAV
|
|
Horizons US Dollar
Currency ETF(7)
|
DLR.U
|
$0.24830
|
Quarterly
|
$0.00000
|
0.00 %
|
|
DLR
|
$0.24830
|
Quarterly
|
$0.00000
|
0.00 %
|
|
Horizons High Interest
Savings ETF
|
CASH
|
$0.21500
|
Monthly
|
$0.00000
|
0.00 %
|
|
Horizons 0-3 Month
T-Bill ETF
|
CBIL
|
$0.21000
|
Monthly
|
$0.00000
|
0.00 %
|
|
Horizons 0-3 Month U.S.
T-Bill ETF(8)
|
UBIL.U
|
$0.21500
|
Monthly
|
$0.00000
|
0.00 %
|
The record date for all ETFs will be December 29, 2023. The Distributions for
securities of each ETF will be paid in cash or, if the
securityholder has enrolled in the respective ETF's dividend
reinvestment plan, reinvested in additional securities of the
applicable ETF, on or about January
8, 2024. The nominal payment date applied to the
Non-Cash Distributions will also be January
8, 2024, though in actuality there will be no physical
payment made as would be the case with the Cash
Distributions.
|
(1)
|
Distributions for
Horizons Robotics & AI Index ETF are declared and paid in
Canadian dollars, including those listed under the U.S. dollar
traded ticker RBOT.U. The approximate U.S. dollar equivalent
distribution rate for RBOT.U is $0.02258 per security. For
securityholders who hold the U.S. dollar traded RBOT.U,
distribution payments will typically be converted to U.S. dollars
by the securityholder's account holder.
|
|
(2)
|
Distributions for
Horizons Big Data & Hardware Index ETF are declared and paid in
Canadian dollars, including those listed under the U.S. dollar
traded ticker HBGD.U. The approximate U.S. dollar equivalent
distribution rate for HBGD.U is $0.12910 per security. For
securityholders who hold the U.S. dollar traded HBGD.U,
distribution payments will typically be converted to U.S. dollars
by the securityholder's account holder.
|
|
(3)
|
Distributions for
Horizons Global Semiconductor Index ETF are declared and paid in
Canadian dollars, including those listed under the U.S. dollar
traded ticker CHPS.U. The approximate U.S. dollar equivalent
distribution rate for CHPS.U is $0.12613 per security. For
securityholders who hold the U.S. dollar traded CHPS.U,
distribution payments will typically be converted to U.S. dollars
by the securityholder's account holder.
|
|
(4)
|
Distributions for
the Horizons Active Ultra-Short Term US Investment Grade Bond 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 $0.05334
per security. For securityholders who hold the Canadian
dollar-traded HUF, the securityholder's account holder will
typically convert distribution payments to Canadian
dollars.
|
|
(5)
|
Distributions for
the Horizons US Large Cap Equity Covered Call ETF are declared and
paid in U.S. dollars, including those listed under the Canadian
dollar-traded ticker USCC. The approximate Canadian dollar
equivalent distribution rate for USCC is $0.16003 per
security. For securityholders who hold the Canadian dollar-traded
USCC, the securityholder's account holder will typically convert
distribution payments to Canadian dollars.
|
|
(6)
|
Distributions
Horizons Short-Term U.S. Treasury Premium Yield ETF, Horizons
Mid-Term U.S. Treasury Premium Yield ETF and Horizons Long-Term
U.S. Treasury Premium Yield ETF are declared and paid in U.S.
dollars, including those listed under the Canadian dollar-traded
ticker SPAY, MPAY and LPAY. The approximate Canadian dollar
equivalent distribution rate for SPAY is $0.16669 per security, for
MPAY is $0.20003 per security and for LPAY is $0.23337 per
security. For securityholders who hold the Canadian dollar-traded
ticker, SPAY, MPAY and LPAY, the securityholder's account holder
will typically convert distribution payments to Canadian
dollars.
|
|
(7)
|
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 $0.33112 per security. For securityholders who hold
the Canadian dollar-traded DLR, the securityholder's account holder
will typically convert distribution payments to Canadian
dollars.
|
|
(8)
|
Distributions for
the Horizons 0-3 Month U.S. T-Bill ETF are declared and paid in
U.S. dollars.
|
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 $29 billion of
assets under management and 119 ETFs listed on major Canadian stock
exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae
Asset Financial Group, which manages approximately $710 billion of assets across 13 countries around
the world.
Commissions, management fees, and expenses all may be
associated with an investment in 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. Investment funds are not covered by the
Canada Deposit Insurance Corporation or any other government
deposit insurer.
The payment of distributions, if any, is not guaranteed and
may fluctuate at any time. The payment of distributions should not
be confused with an Exchange Traded Fund's ("ETF") performance,
rate of return, or yield. If distributions paid by the ETF are
greater than the performance of the ETF, distributions paid may
include a return of capital and an investor's original investment
will decrease. A return of capital is not taxable to the
investor, but will generally reduce the adjusted cost base of the
securities held for tax purposes. Distributions are paid as a
result of capital gains realized by an ETF, and income and
dividends earned by an ETF are taxable to the investor in the year
they are paid. The investor's adjusted cost base will be reduced by
the amount of any returns of capital. If the investor's adjusted
cost base goes below zero, investors will realize capital gains
equal to the amount below zero. Future distribution dates may be
amended at any time. To recognize that these distributions have
been allocated to investors for tax purposes the amounts of these
distributions should be added to the adjusted cost base of the
units held. The characterization of distributions, if any, for tax
purposes, (such as dividends/other income/capital gains, etc.) will
not be known for certain until after the ETF's tax year-end.
Therefore, investors will be informed of the tax characterization
after year-end and not with each distribution if any. For tax
purposes, these amounts will be reported annually by brokers on
official tax statements. Please refer to the applicable ETF
distribution policy in the prospectus for more information.
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.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase exchange traded products managed by
Horizons ETFs Management (Canada)
Inc. (the "Horizons Exchange Traded Products") and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Individuals
should seek the advice of professionals, as appropriate, regarding
any particular investment. Investors should consult their
professional advisors prior to implementing any changes to their
investment strategies. These investments may not be suitable to the
circumstances of an investor.
SOURCE Horizons ETFs Management (Canada) Inc.