TORONTO, June 23, 2021 /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 June 30, 2021, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
June 29, 2021, for all unitholders of
record on June 30, 2021. 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 July
13, 2021.
Horizons ETFs has made an additional announcement regarding the
June 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
|
$0.03185
|
5.31%
|
5.61%
|
5.29%
|
0.32%
|
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.03012
|
13.15%
|
4.51%
|
4.53%
|
-0.02%
|
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.14278
|
-9.86%
|
5.73%
|
5.49%
|
0.24%
|
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.04227
|
1.31%
|
5.64%
|
5.71%
|
-0.07%
|
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.02387
|
-0.87%
|
4.94%
|
5.02%
|
-0.08%
|
|
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.06393
|
1.13%
|
5.04%
|
5.03%
|
0.01%
|
|
|
HEA
|
$0.06393
|
3.26%
|
5.04%
|
5.03%
|
0.01%
|
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02343
|
-5.22%
|
5.44%
|
5.47%
|
-0.03%
|
|
|
|
|
|
|
(1)
|
Based on the
period from May 20, 2021, to June 22, 2021, 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 June 22, 2021 NAV per unit, which is
available at www.HorizonsETFs.com.
|
|
(3)
|
Annualized and
based on the applicable May 20, 2021, 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 $0.07871 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 $18 billion of
assets under management and 95 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.