TORONTO, July 24, 2020 /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 July 31, 2020, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
July 30, 2020, for all unitholders of
record on July 31, 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 August
13, 2020.
Horizons ETFs has made an additional announcement regarding the
July distributions for certain ETFs in a separate press
release.
|
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
|
$0.02603
|
2.22%
|
5.80%
|
6.07%
|
-0.27%
|
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.02171
|
3.14%
|
5.71%
|
6.01%
|
-0.30%
|
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.19436
|
14.01%
|
6.05%
|
6.75%
|
-0.70%
|
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03843
|
1.67%
|
6.55%
|
6.72%
|
-0.17%
|
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.02520
|
2.38%
|
6.05%
|
7.09%
|
-1.04%
|
|
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.05322
|
3.00%
|
5.50%
|
6.36%
|
-0.86%
|
|
|
HEA
|
$0.05322
|
2.03%
|
5.50%
|
6.36%
|
-0.86%
|
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02709
|
5.72%
|
5.50%
|
6.50%
|
-1.00%
|
|
|
Horizons Natural Gas
Yield ETF
|
HNY
|
$0.05114
|
0.26%
|
7.10%
|
7.03%
|
0.07%
|
|
|
|
|
(1)
|
Based on the
period from June 22, 2020, to July 23, 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 July 23, 2020, NAV per unit, which is
available at www.HorizonsETFs.com.
|
|
(3)
|
Annualized and
based on the applicable June 22, 2020, 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 $0.07135 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 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 $14 billion of
assets under management and 92 ETFs listed on major Canadian stock
exchanges.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (the
"Horizons Exchange Traded Products") managed by Horizons ETFs
Management (Canada) Inc. 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.