TORONTO, Dec. 20, 2017 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is 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 2017
tax year end, as indicated in the table below.
Each ETF 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 non-cash Distributions, indicated as "Reinvested
Annual Non-Cash Distributions per Unit (Est.)" in the table (the
"Non-Cash 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 Non-Cash 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 Non-Cash
Distributions. The annual Non-Cash Distribution rates in the table
below are presented on an estimated basis. A press release
confirming the final annual Non-Cash Distribution rates will be
disseminated on or about the record date of the Distributions.
The ex-dividend date for the Distributions is anticipated to be
December 28, 2017, for all
unitholders of record on December 29,
2017. 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 January
11, 2018.
Horizons ETFs has made an additional announcement regarding the
December distributions for its family of covered call exchange
traded funds in a separate press release.
|
ETF
Name
|
Ticker
Symbol
|
Cash
Distribution
per Unit
|
Annualized
Yield*
|
Frequency
|
Reinvested
Annual Non-
Cash
Distribution
per Unit
(Est.)
|
|
Horizons Active
Corporate Bond ETF
|
HAB
|
$0.02769
|
3.07%
|
Monthly
|
-
|
|
Horizons Seasonal
Rotation ETF
|
HAC
|
-
|
-
|
Annually
|
$0.12929
|
|
Horizons Active Cdn
Bond ETF
|
HAD
|
$0.02254
|
2.72%
|
Monthly
|
-
|
|
Horizons Active Intl
Developed Markets Equity ETF(1)
|
HADM
|
$0.03890
|
2.00%
|
Quarterly
|
-
|
|
Horizons Active
Global Fixed Income ETF
|
HAF
|
$0.01791
|
2.68%
|
Monthly
|
-
|
|
Horizons Active
Emerging Markets Dividend ETF
|
HAJ
|
$0.05906
|
1.71%
|
Quarterly
|
-
|
|
Horizons Active Cdn
Dividend ETF
|
HAL
|
$0.12726
|
3.17%
|
Quarterly
|
-
|
|
Horizons Absolute
Return Global Currency ETF
|
HARC
|
-
|
-
|
Annually
|
$0.96435
|
|
Horizons Active US
Dividend ETF(2)
|
HAU
|
$0.05551
|
1.76%
|
Quarterly
|
-
|
|
HAU.U
|
$0.05551
|
1.76%
|
Quarterly
|
-
|
|
Horizons Active
Global Dividend ETF
|
HAZ
|
$0.11526
|
2.11%
|
Quarterly
|
-
|
|
Horizons S&P/TSX
60 Equal Weight Index ETF
|
HEW
|
$0.05609
|
1.58%
|
Quarterly
|
-
|
|
Horizons Active
Floating Rate Preferred Share ETF
|
HFP
|
$0.02973
|
3.68%
|
Monthly
|
-
|
|
Horizons Active
Floating Rate Bond ETF
|
HFR
|
$0.01939
|
2.31%
|
Monthly
|
-
|
|
Horizons Global
Currency Opportunities ETF
|
HGC
|
-
|
-
|
Annually
|
$0.42401
|
|
Horizons Managed
Global Opportunities ETF
|
HGM
|
$0.12260
|
2.17%
|
Semi-Annual
|
-
|
|
Horizons Morningstar
Hedge Fund Index ETF
|
HHF
|
-
|
-
|
Annually
|
$0.32830
|
|
Horizons Active Cdn
Municipal Bond ETF
|
HMP
|
$0.01656
|
2.03%
|
Monthly
|
-
|
|
Horizons Active
Preferred Share ETF
|
HPR
|
$0.03073
|
3.85%
|
Monthly
|
-
|
|
Horizons Global Risk
Parity ETF
|
HRA
|
-
|
-
|
Annually
|
$0.08837
|
|
Horizons Active
Floating Rate Senior Loan ETF
|
HSL
|
$0.02380
|
2.92%
|
Monthly
|
-
|
|
Horizons Active US
Floating Rate Bond (USD) ETF(3)
|
HUF.U
|
$0.02167
|
2.56%
|
Monthly
|
-
|
|
HUF
|
$0.02167
|
2.56%
|
Monthly
|
-
|
|
Horizons Active High
Yield Bond ETF
|
HYI
|
$0.04863
|
5.76%
|
Monthly
|
$0.10202
|
|
Horizons China High
Dividend Yield Index ETF
|
HCN
|
$0.22558
|
3.58%
|
Quarterly
|
$0.35382
|
|
Horizons Cdn Insider
Index ETF
|
HII
|
$0.06133
|
1.94%
|
Quarterly
|
$0.66688
|
|
Horizons Marijuana
Life Sciences Index ETF(4)
|
HMMJ
|
$0.09062
|
2.34%
|
Quarterly
|
$0.22660
|
|
HMMJ.U
|
$0.09062
|
2.34%
|
Quarterly
|
$0.22660
|
|
Horizons Canadian
Midstream Oil & Gas Index ETF
|
HOG
|
$0.09210
|
4.07%
|
Quarterly
|
-
|
|
Horizons Active A.I.
Global Equity ETF(5)
|
MIND
|
-
|
-
|
Annually
|
$0.13304
|
* Based on the applicable December 19, 2017 net asset value per unit, which
is available at www.HorizonsETFs.com.
|
(1)
|
The units of Horizons
Active Intl Developed Markets Equity ETF began trading on October
24, 2017. The distributions attributable to those units have been
pro-rated from its launch date.
|
|
(2)
|
Distributions for
Horizons Active US Dividend ETF are declared and paid in Canadian
dollars, including those listed under the U.S. dollar traded ticker
HAU.U. The approximate U.S. dollar equivalent distribution rate for
HAU.U is $0.04313 per unit. For unitholders who hold the U.S.
dollar traded HAU.U, distribution payments will typically be
converted to U.S. dollars by the unitholder's account
holder.
|
|
(3)
|
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 approximate Canadian dollar
equivalent distribution rate for HUF is $0.02789 per unit. For
unitholders who hold the Canadian dollar traded HUF, distribution
payments will typically be converted to Canadian dollars by the
unitholder's account holder.
|
|
(4)
|
Distributions for
Horizons Marijuana Life Sciences Index ETF are declared and paid in
Canadian dollars, including those listed under the U.S. dollar
traded ticker HMMJ.U. The approximate U.S. dollar equivalent
distribution rate for HMMJ.U is $ 0.07041 per unit. For unitholders
who hold the U.S. dollar traded HMMJ.U, distribution payments will
typically be converted to U.S. dollars by the unitholder's account
holder.
|
|
(5)
|
The units of Horizons
Active A.I. Global Equity ETF began trading on October 31, 2017.
The distributions attributable to those units have been pro-rated
from its launch date.
|
Distributions for the ETFs will vary from period to period.
For further information regarding the Distributions, please
visit www.HorizonsETFs.com.
About Horizons ETFs Management (Canada) Inc.
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 suite 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 currently has more than $9.4
billion of assets under management and 81 ETFs listed on the
Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.
