TORONTO , Oct. 24,
2022 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is
pleased to announce the distribution amounts per security (the
"Distributions") for its suite of covered call exchange
traded funds (the "ETFs"), for the period ending
October 31, 2022, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be
October 28, 2022, for all
securityholders of record on October 31,
2022. The Distributions for securities of each ETF will be
paid in cash or, if the securityholder has enrolled in the
respective ETF's dividend reinvestment plan, reinvested in
additional securities of the applicable ETF, on or about
November 10, 2022.
Horizons ETFs has made an additional announcement regarding the
October 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
MonGLCCth
Yield(3)
|
Absolute
Change
in Yield
from
Prior
Month(4)
|
|
|
|
|
Horizons Canadian Large
Cap Equity Covered Call ETF
|
CNCC
|
$0.04836
|
-1.11 %
|
9.46 %
|
9.19 %
|
0.27 %
|
|
|
Horizons Canadian Oil
and Gas Equity Covered Call ETF
|
ENCC
|
$0.15341
|
1.74 %
|
15.52 %
|
15.39 %
|
0.13 %
|
|
|
Horizons Gold Producer
Equity Covered Call ETF
|
GLCC
|
$0.21508
|
4.18 %
|
11.89 %
|
11.61 %
|
0.28 %
|
|
|
Horizons Equal Weight
Canadian Bank Covered Call ETF
|
BKCC
|
$0.05118
|
-1.68 %
|
8.07 %
|
7.31 %
|
0.76 %
|
|
|
Horizons NASDAQ-100
Covered Call ETF
|
QQCC
|
$0.05830
|
0.02 %
|
14.52 %
|
13.02 %
|
1.50 %
|
|
|
Horizons US Large Cap
Equity Covered Call ETF(5)
|
USCC.U
|
$0.14193
|
-1.36 %
|
14.03 %
|
12.26 %
|
1.77 %
|
|
|
USCC
|
$0.14193
|
0.06 %
|
14.03 %
|
12.26 %
|
1.77 %
|
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02286
|
-0.61 %
|
6.12 %
|
6.27 %
|
-0.15 %
|
|
|
|
(1) Based on the period
from September 21, 2022 to October 21, 2022, where the prior
month's NAV (net asset value) per security is adjusted to include
the prior month's distribution.
(2)
Annualized and based on the applicable October 21, 2022 NAV per
security, which is available at
www.HorizonsETFs.com.
(3) Annualized
and based on the applicable September 21, 2022 NAV per security,
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 US Large Cap Equity Covered Call ETF are declared and paid
in U.S. dollars, including those listed under the Canadian
dollar-traded ticker USCC. The approximate Canadian dollar
equivalent distribution rate for USCC is $0.19359 per security.
For securityholders who hold the Canadian dollar-traded USCC,
distribution payments will typically be converted to Canadian
dollars by the securityholder's account holder.
|
Each ETF does not have a fixed distribution but pays distributions
monthly. 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.
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 $21 billion of
assets under management and 107 ETFs listed on major Canadian stock
exchanges.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase exchange traded products managed by
Horizons ETFs Management (Canada)
Inc. (the "Horizons Exchange Traded Products") and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Individuals
should seek the advice of professionals, as appropriate, regarding
any particular investment. Investors should consult their
professional advisors prior to implementing any changes to their
investment strategies. These investments may not be suitable to the
circumstances of an investor.
Commissions, management fees and expenses all may be
associated with an investment in the Horizons Exchange Traded
Products. 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.