TORONTO, Dec. 30, 2016 /CNW/ - Horizons ETFs Management
(Canada) Inc. and its affiliate
AlphaPro Management Inc. (collectively "Horizons ETFs")
confirmed today the annual non-cash distributions (the "Non-Cash
Distributions") to unitholders of certain of the exchange
traded funds that Horizons ETFs manages (the "ETFs") for the
2016 tax year as indicated in the table below. Please note that
this is an update to the estimated annual Non-Cash Distributions
previously announced on December 19,
2016.
Each of the ETFs is required to distribute any net income and
capital gains that they have earned in the year. The annual
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 for the respective
ETF. The nature of the 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. These amounts do not include the regular
monthly or quarterly cash distributions, as applicable, announced
on December 19, 2016.
ETF
Name
|
Ticker
Symbol
|
Final
Confirmed
Annual Non-
Cash
Distribution per
Unit
|
Final
Non-Cash Distribution As
a % of Dec. 28,
2016 NAV
|
Estimated
Annual
Non-Cash
Distribution per
Unit announced on
Dec. 19, 2016
|
Horizons Active
Corporate Bond ETF(1)
|
HAB
|
$0.08736
|
0.82%
|
$0.08906
|
HAB.A
|
$0.08141
|
0.76%
|
$0.08342
|
Horizons Seasonal
Rotation ETF(2)
|
HAC
|
$1.04721
|
5.72%
|
$1.05688
|
HAC.A
|
$0.86991
|
4.89%
|
$0.87844
|
Horizons Global
Currency Opportunities ETF(3)
|
HGC
|
$0.16939
|
1.66%
|
$0.10082
|
Horizons China High
Dividend Yield Index ETF(4)
|
HCN
|
-
|
-
|
$0.21152
|
Horizons Cdn Insider
Index ETF(5)
|
HII
|
$0.21699
|
1.88%
|
$0.21282
|
The ex-dividend date for these distributions was December 28, 2016, for all unitholders of record
on December 30, 2016. In early
2017, the tax characteristics of all distributions for 2016 for the
ETFs will be reported to brokers via the Canadian Depository for
Securities (CDS) and will be posted on our website shortly
thereafter.
(1)
|
The Non-Cash
Distributions for Horizons Active Corporate Bond ETF are capital
gains in nature.
|
(2)
|
The Non-Cash
Distributions for Horizons Seasonal Rotation ETF are capital gains
in nature.
|
(3)
|
The Non-Cash
Distribution for Horizons Global Currency Opportunities ETF is
income in nature.
|
(4)
|
Due to the
performance of its underlying index between December 19 and
December 30, it was determined that a non-cash distribution was not
required for Horizons China High Dividend Yield Index
ETF.
|
(5)
|
The Non-Cash
Distribution for Horizons Cdn Insider Index ETF is capital gains in
nature.
|
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 $7
billion of assets under management and 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.