TORONTO, July 19,
2022 /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
July 31, 2022, as indicated in the
table below.
The ex-dividend date for the Distributions is anticipated to be
July 28, 2022, for all unitholders of
record on July 29, 2022. 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, reinvested in additional units of the applicable
ETF, on or about August 11,
2022.
Horizons ETFs has made an additional announcement regarding the
July 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 Canadian Large
Cap Equity Covered Call ETF
(Formerly Horizons
Enhanced Income Equity ETF)
|
CNCC
(Formerly
HEX)
|
$0.04745
|
-2.61 %
|
9.19 %
|
9.22 %
|
-0.03 %
|
|
|
Horizons Canadian Oil
and Gas Equity Covered Call ETF
(Formerly Horizons
Enhanced Income Energy ETF)
|
ENCC
(Formerly
HEE)
|
$0.10507
|
-4.76 %
|
11.09 %
|
11.01 %
|
0.08 %
|
|
|
Horizons Gold Producer
Equity Covered Call ETF
(Formerly Horizons
Enhanced Income Gold Producers ETF)
|
GLCC
(Formerly
HEP)
|
$0.18744
|
-11.98 %
|
10.07 %
|
10.05 %
|
0.02 %
|
|
|
Horizons Equal Weight
Canadian Bank Covered Call ETF
(Formerly Horizons
Enhanced Income Financials ETF)
|
BKCC
(Formerly
HEF)
|
$0.04652
|
-3.64 %
|
7.31 %
|
7.51 %
|
-0.20 %
|
|
|
Horizons NASDAQ-100
Covered Call ETF
(Formerly Horizons
Enhanced Income International Equity ETF)
|
QQCC
(Formerly
HEJ)
|
$0.04508
|
1.69 %
|
10.94 %
|
7.62 %
|
3.32 %
|
|
|
Horizons US Large Cap
Equity Covered Call ETF(5)
(Formerly Horizons
Enhanced Income US Equity (USD) ETF)
|
USCC.U
(Formerly
HEA.U)
|
$0.11539
|
1.64 %
|
10.76 %
|
7.26 %
|
3.50 %
|
|
|
USCC
(Formerly
HEA)
|
$0.11539
|
1.90 %
|
10.76 %
|
7.26 %
|
3.50 %
|
|
|
Horizons Gold Yield
ETF
|
HGY
|
$0.02442
|
-2.45 %
|
6.28 %
|
6.26 %
|
0.02 %
|
|
|
(1) Based on the period from June
22, 2022, to July 18, 2022, 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 July 18, 2022 NAV per
unit, which is available at www.HorizonsETFs.com.
|
|
(3)
Annualized and based on the applicable June 22, 2022 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 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 $0.14974
per unit. For unitholders who hold the Canadian
dollar-traded USCC, 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. 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.
On June 21, 2022, the above ETFs,
except for HGY, received unitholder approvals to proposed changes
to the investment objectives of the ETFs previously announced in an
information circular that was made available to unitholders.
These changes were effective on June
24, 2022. For further information on the changes
please visit www.HorizonsETFs.com.
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 104 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.
