TORONTO, Aug. 24, 2018 /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
August 31, 2018, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be
August 30, 2018, for all unitholders
of record on August 31, 2018. 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 September
13, 2018.
|
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
|
$0.02868
|
-0.44%
|
5.03%
|
5.02%
|
0.01%
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.04817
|
-2.53%
|
5.04%
|
5.00%
|
0.04%
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.09264
|
-13.42%
|
5.53%
|
5.56%
|
-0.03%
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03903
|
1.83%
|
5.25%
|
5.49%
|
-0.24%
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03442
|
-0.94%
|
6.61%
|
6.82%
|
-0.21%
|
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05480
|
1.72%
|
5.43%
|
5.86%
|
-0.43%
|
|
HEA
|
$0.05480
|
1.10%
|
5.43%
|
5.86%
|
-0.43%
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01637
|
-3.25%
|
4.41%
|
4.70%
|
-0.29%
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.05499
|
6.96%
|
6.02%
|
6.24%
|
-0.22%
|
|
|
(1)
Based on the period from July 23, 2018 to August 23, 2018, 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 August 23, 2018 NAV per
unit, which is available at www.HorizonsETFs.com.
|
|
(3)
Annualized and based on the applicable July 23, 2018 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)
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 $0.07171
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 suite 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 currently has more than $10
billion of assets under management and 83 ETFs listed on
major Canadian stock exchanges. Horizons ETFs Management
(Canada) Inc. is a member of the
Mirae Asset Global Investments Group.
Horizons ETFs is a Member of Mirae Asset Global Investments.
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. 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.
