TORONTO, Sept. 21, 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
September 30, 2018, as indicated in
the table below.
The ex-dividend date for the Distributions is anticipated to be
September 27, 2018, for all
unitholders of record on September 28,
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 October 11, 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
|
$0.02879
|
-0.06%
|
5.07%
|
5.03%
|
0.04%
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.05558
|
-4.35%
|
6.10%
|
5.04%
|
1.06%
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.09466
|
0.86%
|
5.63%
|
5.53%
|
0.10%
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03748
|
-0.08%
|
5.06%
|
5.25%
|
-0.19%
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.03511
|
1.99%
|
6.65%
|
6.61%
|
0.04%
|
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05621
|
2.64%
|
5.45%
|
5.43%
|
0.02%
|
|
HEA
|
$0.05621
|
1.22%
|
5.45%
|
5.43%
|
0.02%
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.01627
|
1.80%
|
4.32%
|
4.41%
|
-0.09%
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.05496
|
-0.61%
|
6.09%
|
6.02%
|
0.07%
|
(1) Based on the period from August 23, 2018 to September 20, 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 September 20, 2018
NAV per unit, which is available at
www.HorizonsETFs.com.
(3) Annualized
and based on the applicable August 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 $0.07253 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 $11
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.
