TORONTO, Feb. 21, 2020 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is pleased to announce the distribution amounts per unit
(the "Distributions") for certain of its exchange traded
funds (the "ETFs") for the period ending February 29, 2020, as indicated in the table
below.
The ex-dividend date for the Distributions is anticipated to be
February 27, 2020, for all
unitholders of record on February 28,
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 March 11, 2020.
Horizons ETFs has made an additional announcement regarding the
February distributions for its family of covered call ETFs in a
separate press release.
|
ETF
Name
|
Ticker
Symbol
|
Distribution
per Unit
|
Annualized
Yield*
|
Frequency
|
|
Horizons Active
Corporate Bond ETF
|
HAB
|
$0.02803
|
2.99%
|
Monthly
|
|
Horizons Active Cdn
Bond ETF
|
HAD
|
$0.01866
|
2.12%
|
Monthly
|
|
Horizons Active
Global Fixed Income ETF
|
HAF
|
$0.01950
|
3.02%
|
Monthly
|
|
Horizons Active
Emerging Markets Bond ETF
|
HEMB
|
$0.03441
|
4.07%
|
Monthly
|
|
Horizons Active
Floating Rate Preferred Share ETF
|
HFP
|
$0.03192
|
4.73%
|
Monthly
|
|
Horizons Active
Ultra-Short Term Investment Grade Bond ETF
(formerly Horizons
Active Floating Rate Bond ETF)
|
HFR
|
$0.02180
|
2.59%
|
Monthly
|
|
Horizons Active Cdn
Municipal Bond ETF
|
HMP
|
$0.01849
|
2.23%
|
Monthly
|
|
Horizons Active
Preferred Share ETF
|
HPR
|
$0.03247
|
4.76%
|
Monthly
|
|
Horizons Active
Floating Rate Senior Loan ETF
|
HSL
|
$0.02711
|
3.42%
|
Monthly
|
|
Horizons Active
Ultra-Short Term US Investment Grade Bond ETF(1)
(formerly Horizons Active US Floating Rate Bond (USD)
ETF)
|
HUF.U
|
$0.02330
|
2.75%
|
Monthly
|
|
HUF
|
$0.02330
|
2.75%
|
Monthly
|
|
Horizons Active High
Yield Bond ETF
|
HYI
|
$0.04852
|
5.96%
|
Monthly
|
|
|
* Based on the applicable February
20, 2020, net asset value per unit, which is available at
www.HorizonsETFs.com.
|
|
|
(1)
Distributions for the Horizons Active Ultra-Short Term US
Investment Grade Bond 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 $0.03090 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.
|
Distributions for the ETFs will vary from period to period.
For further information regarding the Distributions, please
visit www.HorizonsETFs.com.
In addition to the regular monthly cash distributions declared
in the table above, Horizons ETFs anticipates that the Horizons
Emerging Marijuana Growers Index ETF ("HMJR") will require a
reinvested non-cash distribution of income (the "Non-Cash
Distribution") prior to its merger into the Horizons US
Marijuana Index ETF ("HMUS") which is expected to occur
after the close of business on February 28,
2020 (the "Merger"). The Merger proposal was approved
at a meeting of unitholders of HMJR on February 19, 2020.
Horizons ETFs estimates that the Non-Cash Distribution of income
to HMJR unitholders will be approximately $0.012 per unit. A press release confirming the
final distribution rate will be disseminated on or about the date
of the Merger. The final Non-Cash Distribution 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 HMJR immediately prior to the Merger. The ex-dividend date for
this distribution is anticipated to be February 27, 2020, for all unitholders of record
on February 28, 2020. The nominal
payment date applied to this Non-Cash Distributions will also be
February 28, 2020, though in
actuality there will be no physical payment made as would be the
case with cash distributions.
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
$11.7 billion of assets under
management and 94 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.