TORONTO, July 21, 2016 /CNW/ - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs") are pleased to announce the distribution amounts per unit (the "Distributions") for the Horizons ETFs suite of covered call exchange traded funds (the "ETFs"), for the period ending July 31, 2016, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be July 27, 2016, for all unitholders of record on July 29, 2016. The Distributions 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 August 11, 2016.
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 | $0.02786 | 3.39% | 5.07% | 5.22% | -0.15% |
HEX.A | $0.02355 | 3.32% | 4.27% | 4.42% | -0.15% |
Horizons Enhanced Income Energy ETF | HEE | $0.04960 | 2.14% | 4.04% | 4.57% | -0.53% |
HEE.A | $0.04002 | 2.07% | 3.24% | 3.77% | -0.53% |
Horizons Enhanced Income Gold Producers ETF | HEP | $0.11400 | 9.53% | 4.11% | 5.27% | -1.16% |
HEP.A | $0.09140 | 9.46% | 3.31% | 4.47% | -1.16% |
Horizons Enhanced Income Financials ETF | HEF | $0.03365 | 0.99% | 4.87% | 5.25% | -0.38% |
HEF.A | $0.02824 | 0.92% | 4.07% | 4.45% | -0.38% |
Horizons Enhanced Income International Equity ETF | HEJ | $0.03397 | 2.68% | 6.53% | 7.94% | -1.41% |
HEJ.A | $0.02980 | 2.62% | 5.73% | 7.15% | -1.42% |
Horizons Enhanced Income US Equity (USD) ETF (5) | HEA.U | $0.04665 | 3.37% | 5.15% | 5.81% | -0.66% |
HEA | $0.04665 | 5.35% | 5.15% | 5.81% | -0.66% |
HEA.V | $0.03941 | 3.31% | 4.35% | 5.01% | -0.66% |
HEA.A | $0.03941 | 5.28% | 4.35% | 5.01% | -0.66% |
Horizons Gold Yield ETF | HGY | $0.02348 | 3.56% | 4.95% | 4.80% | 0.15% |
HGY.A | $0.01991 | 3.50% | 4.20% | 4.04% | 0.16% |
Horizons Natural Gas Yield ETF | HNY | $0.10523 | -3.41% | 8.08% | 8.41% | -0.33% |
HNY.A | $0.09463 | -3.48% | 7.27% | 7.60% | -0.33% |
(1) Based on the period June 21, 2016, to July 20, 2016, where the prior month's net asset value per unit is adjusted to include the prior month's distribution.
(2) Annualized and based on the applicable July 20, 2016, net asset value per unit which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable June 21, 2016, net asset value 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 Horizons Enhanced Income US Equity (USD) ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar traded tickers HEA and HEA.A. The approximate Canadian dollar equivalent distribution rates for HEA and HEA.A are $0.06091 per unit and $0.05146 per unit, respectively. For unitholders who hold Canadian dollar traded HEA and HEA.A, 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. 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 $6.2 billion of assets under management and with 75 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.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.