TORONTO, Dec. 29,
2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs")
confirmed today the annual non-cash distributions (the "Non-Cash
Distributions") to unitholders of certain of the exchange
traded funds (the "ETFs") that it manages for the 2023 tax
year as indicated in the table below. Please note that this is a
further update to the estimated annual Non-Cash Distributions
previously announced on November 29,
2023, and updated on December 20,
2023.
The record date for Non-Cash Distributions is December 29, 2023. The nominal payment date
applied to the Non-Cash distributions will be January 8, 2024, though in actuality there will
be no physical payment made as would be the case with cash
distributions. In early 2024, the tax characteristics of all
distributions for 2023 for the ETFs will be reported to brokers via
the CDS Clearing and Depository Services Inc.
("CDS") and will be posted on our website shortly
thereafter.
|
ETF
Name
|
Ticker
Symbol
|
Final
Confirmed
Annual
Non-
Cash
Distribution
per
Unit
|
Final
Non-Cash
Distribution
As a %
of
Dec. 28,
2023
NAV
|
|
Horizons Copper
Producers Index ETF (1)
|
COPP
|
$1.34697
|
4.95 %
|
|
Horizons Seasonal
Rotation ETF (2)
|
HAC
|
$0.72246
|
2.54 %
|
|
Horizons Pipelines
& Energy Services Index ETF (3)
|
HOG
|
$0.38697
|
3.77 %
|
|
Horizons Inovestor
Canadian Equity Index ETF (4)
|
INOC
|
$0.08004
|
0.56 %
|
|
Horizons Active
Ultra-Short Term Investment Grade Bond ETF
(5)
|
HFR
|
$0.05556
|
0.56 %
|
|
Horizons 0-3 Month U.S.
T-Bill ETF(6)
|
UBIL.U
|
$0.00873
|
0.02 %
|
|
Horizons Robotics &
AI Index ETF (7)
|
RBOT
|
$0.00001
|
0.00 %
|
|
RBOT.U
|
$0.00001
|
0.00 %
|
|
Horizons Global
Semiconductor Index ETF(8)
|
CHPS
|
$0.00001
|
0.00 %
|
|
CHPS.U
|
$0.00001
|
0.00 %
|
As disclosed above, the final determination of the nature of
these Non-Cash Distributions will be reported to brokers via CDS in
early 2024. The expected nature of the Non-Cash
Distributions for each of the ETFs in the table above is as
follows:
|
(1)
|
Horizons Copper
Producers Index ETF (COPP) – 100% capital gains.
|
|
(2)
|
Horizons Seasonal
Rotation ETF (HAC) – 0.33% income and 99.67% capital
gains.
|
|
(3)
|
Horizons Pipelines
& Energy Services Index ETF (HOG) – 100% capital
gains.
|
|
(4)
|
Horizons Inovestor
Canadian Equity Index ETF (INOC) – 100% capital gains.
|
|
(5)
|
Horizons Active
Ultra-Short Term Investment Grade Bond ETF (HFR) – 100%
income.
|
|
(6)
|
Horizons 0-3 Month U.S.
T-Bill ETF (UBIL.U) – 100% capital gains.
|
|
(7)
|
Horizons Robotics &
AI Index ETF (RBOT) – 100% income. Please note that distributions
for RBOT are declared and
paid in Canadian dollars, including those listed under the U.S.
dollar traded ticker RBOT.U. The approximate U.S. dollar
equivalent distribution rate for RBOT.U is $0.00001 per
unit.
|
|
(8)
|
Horizons Global
Semiconductor Index ETF (CHPS) – 100% income. Please note that
distributions for CHPS are declared
and paid in Canadian dollars, including those listed under the U.S.
dollar traded ticker CHPS.U. The approximate U.S.
dollar equivalent distribution rate for CHPS.U is $0.00001 per
unit.
|
Each of the ETFs is required to distribute any net income and
capital gains that they have earned in the year. The annual
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 for the respective
ETF. The nature of the Non-Cash Distributions for the respective
ETFs as either income or capital gains is disclosed in the
footnotes to the table below. 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 above amounts do not include the cash
distributions announced on December 20,
2023.
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 $29 billion of
assets under management and 119 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.
Certain statements may constitute a forward-looking
statement, including those identified by the expression "expect"
and similar expressions (including grammatical variations thereof).
The forward-looking statements are not historical facts but reflect
the author's 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 such forward looking statements. These
forward-looking statements are made as of the date hereof and the
authors 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.
SOURCE Horizons ETFs Management (Canada) Inc.
