TORONTO, Dec. 2, 2016 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") announced today the estimated non-cash capital
gains to be distributed to unitholders of certain of the exchange
traded funds (the "ETFs") managed by it and its affiliate
AlphaPro Management Inc. for the 2016 tax year as indicated in the
table below. ETFs not listed in the table are not expected to have
a non-cash capital gains distribution for the 2016 tax year. With
respect to the Horizons BetaPro family of leveraged, inverse,
inverse leveraged and volatility ETFs as well as the Horizons suite
of innovative total return index ("TRI") structured ETFs,
this is expected to be the tenth consecutive year with no capital
gains distributions. This includes the Horizons S&P/TSX
60TM Index ETF (HXT/HXT.U:TSX) and the Horizons S&P
500® ETF (HXS/HXS.U:TSX), which have both completed six full
calendar years of operations since their inception without any
capital gains distributions to unitholders.
Please note that these are estimated amounts only.
Circumstances may arise which could cause these estimates to change
before the ETFs' applicable tax year ends on December 15, 2016 or December 31, 2016.
Each ETF is required to distribute any net income and capital
gains that it has earned in the year. The final annual 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 for the respective ETF. These
estimated amounts are for the annual capital gains distributions
and do not include any estimates of the regular monthly or
quarterly cash distributions, as applicable, including those
capital gains that may form part of the monthly and/or quarterly
distributions.
Horizons ETFs expects to announce the final year-end income and
capital gains distribution amounts, as well as regular monthly or
quarterly distribution amounts, on or about December 19 and 20, 2016. The ex-dividend date
for these distributions is anticipated to be December 28, 2016, for all unitholders of record
on December 30, 2016. In early 2017,
the tax characteristics of all distributions for 2016 for the ETFs
will be reported to brokers via CDS and will be posted on our
website shortly thereafter.
ETF
Name
|
Ticker Symbol
|
Estimated Annual
Capital
Gain per Unit
as of Dec. 1,
2016
|
Net Asset
Value per
Unit as of
Dec. 1, 2016
|
Estimated Capital
Gains
as a % of NAV
as of Dec. 1,
2016
|
Horizons Active
Corporate Bond ETF
|
HAB
|
$0.087
|
$10.6976
|
0.81%
|
HAB.A
|
$0.082
|
$10.7149
|
0.76%
|
Horizons Seasonal
Rotation ETF
|
HAC
|
$0.987
|
$18.0539
|
5.46%
|
HAC.A
|
$0.813
|
$17.5505
|
4.63%
|
Horizons Canadian
Insider Index ETF
|
HII
|
$0.232
|
$11.3446
|
2.05%
|
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 $7
billion of assets under management. With 75 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 Global Investments Group.
Certain statements may constitute
a forward looking statement,
including those identified by
the expressions "estimate" or "expect" and similar
expressions (including grammatical variations thereof) to the
extent they relate to the ETFs or Horizons 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 ETFs' 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.
SOURCE Horizons ETFs Management (Canada) Inc.