03:20:59 EDT Fri 29 Mar 2024
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Horizons ETFs to pay February distributions March 11

2020-02-21 18:36 ET - News Release

Also News Release (C-HEA) Horizons Enhanced Income US Equity (USD) ETF
Also News Release (C-HEE) Horizons Enhanced Income Energy ETF (2)
Also News Release (C-HEF) Horizons Enhanced Income Financials ETF
Also News Release (C-HEJ) Horizons Enhanced Income International Equity
Also News Release (C-HEP) Horizons Enhanced Income Gold Producers ETF (

Mr. Martin Fabregas reports

HORIZONS ETFS ANNOUNCES FEBRUARY 2020 DISTRIBUTIONS FOR ITS COVERED CALL ETFS

Horizons ETFs Management (Canada) Inc. has declared the distribution amounts per unit for its suite of covered call exchange-traded funds for the period ending Feb. 29, 2020, as indicated in the attached table.

The ex dividend date for the distributions is anticipated to be Feb. 27, 2020, for all unitholders of record on Feb. 28, 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 March 11, 2020.

Horizons ETFs has made an additional announcement regarding the February distributions for certain ETFs in a separate press release.

ETF name                       Ticker   Current-month  NAV change from  Current-month   Prior-month   Absolute change
                               symbol    distribution   prior month (1)      yield (2)     yield (3)    in yield from
                                                 rate                                                  prior month (4)
Horizons Enhanced Income
Equity ETF                        HEX        $0.02733           -1.09%          5.13%         5.05%             0.08%
Horizons Enhanced Income
Energy ETF                        HEE        $0.03129           -5.22%          5.44%         5.28%             0.16%
Horizons Enhanced Income
Gold Producers ETF                HEP        $0.13470            3.41%          5.26%         5.15%             0.11%
Horizons Enhanced Income
Financials ETF                    HEF        $0.04019            1.47%          5.42%         5.43%            -0.01%
Horizons Enhanced Income
International Equity ETF          HEJ        $0.02936           -2.42%          6.11%         6.00%             0.11%
Horizons Enhanced Income
U.S. Equity (USD) ETF (5)       HEA.U        $0.04841            0.34%          4.66%         4.51%             0.15%
                                  HEA        $0.04841            1.33%          4.66%         4.51%             0.15%
Horizons Gold Yield ETF           HGY        $0.02000            2.79%          4.52%         4.21%             0.31%
Horizons Natural Gas
Yield ETF                         HNY        $0.04744           -0.41%          6.50%         8.00%            -1.50%

(1) Based on the period from Jan. 23, 2020, to Feb. 20, 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 Feb. 20, 2020, NAV per unit, which is available on the
    Horizons ETFs website.
(3) Annualized and based on the applicable Jan. 23, 2020, NAV per unit, which is available on the
    Horizons ETFs website.
(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 U.S. 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 6.419 cents per unit. For unitholders who hold the
    Canadian-dollar-traded HEA, distribution payments will typically be converted to Canadian dollars by
    the unitholder's accountholder.

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 is 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.

About Horizons ETFs Management (Canada) Inc.

Horizons ETFs Management (Canada) 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 $11.7-billion of assets under management and 94 ETFs listed on major Canadian stock exchanges.

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