09:00:53 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Horizons Active Floating Rate Senior Loan ETF
Symbol HSL
Shares Issued 6,833,419
Close 2020-02-21 C$ 9.55
Market Cap C$ 65,259,151
Recent Sedar Documents

Horizons ETFs to pay distributions March 11

2020-02-21 19:34 ET - News Release

See News Release (C-HMP) Horizons Active Cdn Municipal Bond ETF

Mr. Martin Fabregas reports

HORIZONS ETFS ANNOUNCES FEBRUARY 2020 DISTRIBUTIONS FOR CERTAIN ETFS

Horizons ETFs Management (Canada) Inc. has declared the distribution amounts for certain of its exchange-traded funds (ETFs) 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 the 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 its family of covered call ETFs in a separate news release.

ETF name                                          Ticker symbol  Distribution per unit   Annualized yield*   Frequency

Horizons Active Corporate Bond ETF                          HAB               $0.02803              2.99%      Monthly

Horizons Active Cdn Bond ETF                                HAD               $0.01866              2.12%      Monthly

Horizons Active Global Fixed Income ETF                     HAF               $0.01950              3.02%      Monthly

Horizons Active Emerging Markets Bond ETF                  HEMB               $0.03441              4.07%      Monthly

Horizons Active Floating Rate Preferred Share ETF           HFP               $0.03192              4.73%      Monthly

Horizons Active Ultra-Short Term                            HFR               $0.02180              2.59%      Monthly
Investment Grade Bond ETF   
(formerly Horizons Active Floating Rate Bond ETF)    

Horizons Active Cdn Municipal Bond ETF                      HMP               $0.01849              2.23%      Monthly

Horizons Active Preferred Share ETF                         HPR               $0.03247              4.76%      Monthly

Horizons Active Floating Rate Senior Loan ETF               HSL               $0.02711              3.42%      Monthly

Horizons Active Ultra-Short Term U.S.                     HUF.U               $0.02330              2.75%      Monthly
Investment Grade Bond ETF (1) (formerly                     HUF               $0.02330              2.75%      Monthly
Horizons Active U.S. Floating Rate Bond (USD) ETF)      

Horizons Active High Yield Bond ETF                         HYI               $0.04852              5.96%      Monthly

* Based on the applicable Feb. 20, 2020, net asset value per unit, which is available on the Horizons ETFs 
Management website.

(1) Distributions for the Horizons Active Ultra-Short Term U.S. Investment Grade Bond ETF are declared and paid in 
U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. The approximate 
Canadian-dollar-equivalent distribution rate for HUF is 3.090 cents per unit. For unitholders who hold the 
Canadian-dollar-traded HUF, distribution payments will typically be converted to Canadian dollars by the 
unitholders' accountholders.

Distributions for the ETFs will vary from period to period. For further information regarding the distributions, please visit the Horizons ETFs Management website.

In addition to the regular monthly cash distributions declared in the attached table, Horizons ETFs Management anticipates that the Horizons Emerging Marijuana Growers Index ETF (HMJR) will require a reinvested non-cash distribution of income prior to its merger into the Horizons U.S. Marijuana Index ETF (HMUS), which is expected to occur after the close of business on Feb. 28, 2020. The merger proposal was approved at a meeting of unitholders of Horizons Emerging Marijuana Growers on Feb. 19, 2020 .

Horizons ETFs estimates that the non-cash distribution of income to Horizons Emerging Marijuana Growers unitholders will be approximately 1.2 cents per unit. A news release confirming the final distribution rate will be disseminated on or about the date of the merger. The final non-cash distribution will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each unitholder's adjusted cost base for Horizons Emerging Marijuana Growers immediately prior to the merger. The ex dividend date for this distribution is anticipated to be Feb. 27, 2020, for all unitholders of record on Feb. 28, 2020. The nominal payment date applied to this non-cash distributions will also be Feb. 28, 2020, though in actuality there will be no physical payment made as would be the case with cash distributions.

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