TORONTO,
Dec. 18, 2013 /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 certain of the Horizons ETFs
family of exchange traded funds (the "ETFs"), for the 2013
tax year end, as indicated in the table below.
Each of the ETFs is required to distribute any
net income and capital gains that they have earned in the year. All
of the Distributions indicated as "Cash Distribution per Unit" in
the table (the "Cash Distributions") will be paid in cash
unless the Unitholder has enrolled in the dividend reinvestment
plan ("DRIP") of the respective ETF.
The annual capital gains Distributions,
indicated as "Reinvested Annual Capital Gains (Est.)" in the table
(the "Capital Gains Distributions"), 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
of their units of the respective ETF. The number of units held by
the Unitholder will not change as a result of the Capital Gains
Distributions. The annual Capital Gains Distribution rates in the
table below are presented on an estimated basis. A press release
confirming the final annual Capital Gains Distribution rates will
be disseminated prior to the record date of the Distributions.
The ex-dividend date for both the Cash
Distributions and Capital Gains Distributions is anticipated to be
December 27, 2013, for all
unitholders of record on December 31,
2013. The Cash 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 January 13,
2014.
Horizons ETFs will make an additional
announcement of the December distributions for its family of
covered call exchange traded funds on or about December 19, 2013.
| ETF Name |
Ticker
Symbol |
Cash
Distribution
per Unit |
Annualized
Yield * |
Frequency |
Reinvested
Annual Capital
Gains (Est.) |
| Horizons Active
Diversified Income ETF |
HAA |
$0.06834 |
2.51% |
Quarterly |
$0.84024 |
| HAA.A |
$0.04837 |
1.77% |
Quarterly |
$0.84033 |
| Horizons Seasonal
Rotation ETF |
HAC |
- |
- |
Annually |
$0.78222 |
| HAC.A |
- |
- |
Annually |
$0.67730 |
| Horizons Universa
Canadian Black Swan ETF |
HUT |
$0.07202 |
2.73% |
Quarterly |
$0.14363 |
| HUT.A |
$0.04961 |
1.89% |
Quarterly |
$0.14350 |
| Horizons Universa US
Black Swan ETF(1) |
HUS.U |
$0.04876 |
1.62% |
Quarterly |
$1.47157 |
| HUS.V |
$0.02331 |
0.78% |
Quarterly |
$1.46901 |
| Horizons S&P/TSX 60 Equal
Weight Index ETF |
HEW |
$0.06722 |
2.37% |
Quarterly |
- |
| Horizons Active
Corporate Bond ETF |
HAB |
$0.03308 |
3.78% |
Monthly |
- |
| HAB.A |
$0.02841 |
3.24% |
Monthly |
- |
| Horizons Active Cdn
Bond ETF** |
HAD |
$0.03315 |
4.14% |
Monthly |
- |
| HAD.A |
$0.02866 |
3.58% |
Monthly |
- |
| Horizons Active Yield
Matched Duration ETF |
HAF |
$0.02760 |
4.02% |
Monthly |
- |
| HAF.A |
$0.02390 |
3.48% |
Monthly |
- |
| Horizons Active
Emerging Markets Dividend ETF** |
HAJ |
$0.08755 |
9.59% |
Monthly |
- |
| HAJ.A |
$0.07979 |
8.74% |
Monthly |
- |
| Horizons Active Cdn
Dividend ETF |
HAL |
$0.03395 |
3.12% |
Monthly |
- |
| HAL.A |
$0.02498 |
2.30% |
Monthly |
- |
| Horizons Active Global
Dividend ETF |
HAZ |
$0.02632 |
2.26% |
Monthly |
- |
| HAZ.A |
$0.01674 |
1.44% |
Monthly |
- |
| Horizons Active
Preferred Share ETF |
HPR |
$0.03595 |
4.41% |
Monthly |
- |
| HPR.A |
$0.03133 |
3.84% |
Monthly |
- |
| Horizons Active
Floating Rate Preferred Share ETF |
HFP |
$0.02571 |
3.10% |
Monthly |
- |
| HFP.A |
$0.02097 |
2.53% |
Monthly |
- |
| Horizons Active
Floating Rate Bond ETF |
HFR |
$0.02015 |
2.38% |
Monthly |
- |
| HFR.A |
$0.01517 |
1.79% |
Monthly |
- |
| Horizons Active US
Floating Rate Bond (USD) ETF (2) |
HUF.U |
$0.01700 |
2.02% |
Monthly |
- |
| HUF |
$0.01700 |
2.02% |
Monthly |
- |
| HUF.V |
$0.01221 |
1.45% |
Monthly |
- |
| Horizons Active High
Yield Bond ETF** |
HYI |
$0.12050 |
13.43% |
Monthly |
- |
| HYI.A |
$0.11545 |
12.87% |
Monthly |
- |
| Horizons Australian Dollar
Currency ETF |
ASD |
$0.01509 |
1.92% |
Monthly |
- |
| * Based on the applicable December
17, 2013 net asset value per unit which is available at
www.HorizonsETFs.com. The Annualized Yield is solely in
respect of the cash distributions per unit and does not include the
reinvested annual capital gains distributions. |
| (1) |
Distributions for Horizons Universa US Black Swan ETF are
declared and paid in U.S. dollars. |
| (2) |
Distributions for Horizons Active US Floating Rate Bond (USD)
ETF are declared and paid in U.S. dollars, including those listed
under the Canadian dollar traded ticker HUF. |
The Distributions will vary from period to
period.
** Reasons for the larger than expected cash
distributions for:
HAD / HAD.A
The Horizons Active Cdn Bond ETF earned higher
than anticipated income in the fourth quarter than was estimated
when monthly distribution rates were set for the quarter. The
adjustment to the monthly distribution for December 2013 only, when annualized, is not a
true reflection of the ETF's portfolio yield. The current gross
yield on the portfolio is approximately 3.15%.
HAJ / HAJ.A
The dividends paid by the emerging market
securities held in the Horizons Active Emerging Markets Dividend
ETF are subject to a number of characteristics not typically seen
in more developed markets. Dividend rates are often estimated until
a final rate is declared; the timing of the payment of the
dividends is often irregular; and periodically, significant special
dividends may be declared. While Horizons ETFs distributes the
pro-rated portion of the ETF's estimated annual yield on a monthly
basis, the variability in the estimated versus final dividend
rates, timing of the payment of the dividends, as well as the
number of special dividends that occurred in 2013 resulted in a
wide variance between projected and actual income earned by the
ETF.
HYI / HYI.A
This month's distribution for the Horizons
Active High Yield Bond ETF includes a one-time gain from investment
activity unrelated to the regular ongoing operating income of the
ETF's portfolio.
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. With approximately $4.2
billion in assets under management and 73 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 Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.