HOG Horizons Pipelines & Energy Services Index ETF

TORONTO, Dec. 18, 2014 /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 2014 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 Capital Gains Distributions will be reinvested automatically in additional units of the respective ETFs and immediately consolidated so that the number of units held by the Unitholder, the units outstanding of the ETFs, and the net asset value of the ETFs, 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 29, 2014, for all unitholders of record on December 31, 2014.  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, 2015. 

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, 2014.

* Based on the applicable December 17, 2014 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.

The Distributions will vary from period to period. 

Certain statements may constitute a forward looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof) to the extent they relate to the ETFs. The forward-looking statements are not historical facts but reflect the ETFs, the ETF's managers or Horizons ETFs' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  These and other factors should be considered carefully and readers should not place undue reliance on the ETF's forward looking statements. These forward-looking statements are made as of the date hereof and the ETFs do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

Commissions, trailing commissions, management fees and expenses all may be associated with investments in the ETFs. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

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. Horizons ETFs has more than $4.6 billion of assets under management and with 72 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.