TORONTO, June 23, 2020 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs") is pleased to announce the distribution
amounts per unit (the "Distributions") for its suite of
covered call exchange traded funds (the "ETFs"), for the
period ending June 30, 2020, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
June 29, 2020, for all unitholders of
record on June 30, 2020. The
Distributions for units of each ETF will be paid in cash or, if the
unitholder has enrolled in the respective ETF's dividend
reinvestment plan ("DRIP"), reinvested in additional units
of the applicable ETF, on or about July
13, 2020.
Horizons ETFs has made an additional announcement regarding the
June distributions for certain ETFs in a separate press
release.
|
ETF
Name
|
Ticker
Symbol
|
Current Month
Distribution Rate
|
NAV
Change
from Prior Month(1)
|
Current
Month Yield(2)
|
Prior
Month Yield(3)
|
Absolute Change
in
Yield
from Prior Month(4)
|
|
|
|
|
Horizons Enhanced
Income Equity ETF
|
HEX
|
$0.02679
|
4.15%
|
6.07%
|
6.05%
|
0.02%
|
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.02227
|
0.42%
|
6.01%
|
5.74%
|
0.27%
|
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.19144
|
-4.44%
|
6.75%
|
6.06%
|
0.69%
|
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03897
|
10.46%
|
6.72%
|
7.18%
|
-0.46%
|
|
|
Horizons Enhanced
Income International Equity ETF(5)
|
HEJ
|
$0.02902
|
7.31%
|
7.09%
|
8.67%
|
-1.58%
|
|
|
Horizons Enhanced
Income US Equity (USD) ETF(6)
|
HEA.U
|
$0.06007
|
5.53%
|
6.36%
|
5.84%
|
0.52%
|
|
|
HEA
|
$0.06007
|
2.45%
|
6.36%
|
5.84%
|
0.52%
|
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.03042
|
1.62%
|
6.50%
|
4.76%
|
1.74%
|
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.05080
|
-2.71%
|
7.03%
|
7.00%
|
0.03%
|
|
|
(1) Based on the period
from May 21, 2020, to June 22, 2020, where the prior month's NAV
(net asset value) per unit is adjusted to include the prior month's
distribution.
|
|
(2)
Annualized and based on the applicable June 22, 2020, NAV per
unit, which is available at www.HorizonsETFs.com.
|
|
(3)
Annualized and based on the applicable May 21, 2020, NAV per
unit, which is available at www.HorizonsETFs.com.
|
|
(4) The absolute change of
the prior month's previously announced annualized distribution
yield, to the current month's annualized distribution
yield.
|
|
(5)
In the press release dated May 22, 2020, declaring the May
distribution for the Horizons Enhanced International Income Equity
ETF, the NAV change from prior month (from April), current month
yield (for May) and absolute change in yield from prior month (from
April) were incorrectly reported. The correct figures should have
read: NAV change from prior month 0.59%; current month yield 8.67%;
and absolute change in yield from prior month 1.64%. The changes
from prior month figures in the table above are based on these
corrected values.
|
|
(6)
Distributions for the Horizons Enhanced Income US Equity (USD)
ETF are declared and paid in U.S. dollars, including those listed
under the Canadian dollar-traded ticker HEA. The approximate
Canadian dollar equivalent distribution rate for HEA is $0.08130
per unit. For unitholders who hold the Canadian
dollar-traded HEA, distribution payments will typically be
converted to Canadian dollars by the unitholder's account
holder.
|
Each ETF does not have a fixed distribution but pays
distributions monthly. Distribution rates are generally based on
the average current volatility of the securities held by the ETF,
along with any dividend income received, less expenses payable by
the ETF. The amount of monthly cash distributions are expected to
fluctuate from month to month, and there can be no assurance that
an ETF will make any distributions in any particular month or
months. Monthly distributions will be paid in cash, unless the
investor has chosen to participate in the ETF's reinvestment
plan.
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 $13 billion of
assets under management and 91 ETFs listed on major Canadian stock
exchanges.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (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.
SOURCE Horizons ETFs Management (Canada) Inc.