TORONTO, Sept. 23, 2020 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs") is pleased to announce the distribution
amounts per unit (the "Distributions") for its suite of
covered call exchange traded funds (the "ETFs"), for the
period ending September 30, 2020, as
indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be
September 29, 2020, for all
unitholders of record on September 30,
2020. 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 October 13, 2020.
Horizons ETFs has made an additional announcement regarding the
September 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 Month
Yield(3)
|
Absolute Change in
Yield from Prior Month(4)
|
|
Horizons Enhanced
Income Equity ETF
|
HEX
|
$0.02642
|
-0.37%
|
5.80%
|
5.72%
|
0.08%
|
|
Horizons Enhanced
Income Energy ETF
|
HEE
|
$0.02032
|
-13.15%
|
6.02%
|
5.46%
|
0.56%
|
|
Horizons Enhanced
Income Gold Producers ETF
|
HEP
|
$0.19284
|
-0.43%
|
6.02%
|
6.05%
|
-0.03%
|
|
Horizons Enhanced
Income Financials ETF
|
HEF
|
$0.03904
|
0.11%
|
6.50%
|
6.10%
|
0.40%
|
|
Horizons Enhanced
Income International Equity ETF
|
HEJ
|
$0.02295
|
-3.35%
|
5.81%
|
5.75%
|
0.06%
|
|
Horizons Enhanced
Income US Equity (USD) ETF(5)
|
HEA.U
|
$0.06119
|
-0.74%
|
6.25%
|
5.05%
|
1.20%
|
|
HEA
|
$0.06119
|
0.16%
|
6.25%
|
5.05%
|
1.20%
|
|
Horizons Gold Yield
ETF
Horizons Natural Gas
Yield ETF
|
HGY
|
$0.03054
|
-1.32%
|
6.25%
|
7.25%
|
-1.00%
|
|
HNY
|
$0.05984
|
-5.71%
|
8.00%
|
6.20%
|
1.80%
|
|
|
(1) Based on the period
from August 21, 2020, to September 22, 2020, where the prior
month's NAV (net asset value) per unit is adjusted to include the
prior month's distribution.
|
|
(2)
Annualized and based on the applicable September 22, NAV per
unit, which is available at www.HorizonsETFs.com.
|
|
(3)
Annualized and based on the applicable August 21, 2020, NAV per
unit, 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 Enhanced Income US Equity (USD)
ETF are declared and paid in U.S. dollars, including those listed
under the Canadian dollar-traded ticker HEA. The approximate
Canadian dollar equivalent distribution rate for HEA is $0.08141
per unit. For unitholders who hold the Canadian
dollar-traded HEA, distribution payments will typically be
converted to Canadian dollars by the unitholder's account
holder.
|
Each ETF does not have a fixed distribution but pays
distributions monthly. Distribution rates are generally based on
the average current volatility of the securities held by the ETF,
along with any dividend income received, less expenses payable by
the ETF. 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. Monthly distributions will be paid in cash, unless the
investor has chosen to participate in the ETF's reinvestment
plan.
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 $14.4 billion of
assets under management and 93 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.
SOURCE Horizons ETFs Management (Canada) Inc.