TORONTO, Dec. 20, 2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the distribution amounts per security (the "Distributions") for its exchange traded funds (the "ETFs"), for the period ending December 31, 2023, as indicated in the tables below.

Each ETF is required to distribute any net income and capital gains that they have earned in the year. All of the Distributions indicated as "Cash Distribution per Security" in the table (the "Cash Distributions") will be paid in cash unless the securityholder has enrolled in the dividend reinvestment plan ("DRIP") of the respective ETF.

The estimated annual non-cash Distributions, indicated as "Reinvested Annual Non-Cash Distributions per Security (Est.)" in the table (the "Non-Cash Distributions"), will not be paid in cash but will be reinvested and reported as taxable Distributions and will be used to increase each securityholder's adjusted cost base of their securities of the respective ETF. The Non-Cash Distributions will be reinvested automatically in additional securities of the respective ETFs and immediately consolidated so that the number of securities held by the securityholder, the securities outstanding of the ETFs and the net asset value of the ETFs will not change as a result of the Non-Cash Distributions. The annual Non-Cash Distribution rates in the table below are presented on an estimated basis. A press release confirming the final annual Non-Cash Distribution rates will be disseminated on or about the record date of the Distributions.

The ex-dividend date for the Distributions is anticipated to be December 28, 2023, for all ETFs. 

ETF Name

Ticker
Symbol

Distribution
per
Security

Frequency

Reinvested
Non-Cash
Income
Distribution
per
Security
(Est.)

Estimated
Non-Cash
Distribution
as % of
NAV

Horizons Seasonal Rotation ETF

HAC

$0.31760

Annually

$0.71471

2.51 %

Horizons Robotics & AI Index ETF(1)

RBOT

$0.03011

Annually

-

-

RBOT.U

$0.03011

Annually

-

-

Horizons Global Uranium Index ETF

HURA

$0.35774

Annually

-

-

Horizons Big Data & Hardware Index ETF(2)

HBGD

$0.17216

Annually

-

-

HBGD.U

$0.17216

Annually

-

-

Horizons Global Lithium Producers Index ETF

HLIT

$0.70350

Annually

-

-

Horizons Global Semiconductor Index ETF(3)

CHPS

$0.16820

Annually

-

-

CHPS.U

$0.16820

Annually

-

-

Horizons GX Cybersecurity Index ETF

HBUG

$0.34694

Annually

-

-

Horizons Copper Producers Index ETF

COPP

$0.19936

Annually

$1.41478

5.13 %

Horizons Active Cdn Dividend ETF

HAL

$0.14250

Quarterly

-

-

Horizons Active Global Dividend ETF

HAZ

$0.12250

Quarterly

-

-

Horizons Pipelines & Energy Services Index ETF

HOG

$0.10500

Quarterly

$0.45195

17.65 %

Horizons Inovestor Canadian Equity Index ETF

INOC

$0.07500

Quarterly

$0.07640

2.16 %

Horizons Global Sustainability Leaders Index ETF

ETHI

$0.12500

Quarterly

-

-

Horizons S&P Green Bond Index ETF

HGGB

$0.19663

Quarterly

-

-

Horizons Active Corporate Bond ETF

HAB

$0.03200

Monthly

-

-

Horizons Active Cdn Bond ETF

HAD

$0.02100

Monthly

-

-

Horizons Active Global Fixed Income ETF

HAF

$0.03200

Monthly

-

-

Horizons Active Hybrid Bond and Preferred Share
ETF

HYBR

$0.03400

Monthly

-

 

-

Horizons Active Ultra-Short Term Investment Grade
Bond ETF

 

HFR

 

$0.04750

 

Monthly

 

$0.05665

 

6.89 %

Horizons Active Cdn Municipal Bond ETF

HMP

$0.02150

Monthly

-

-

Horizons Active Preferred Share ETF

HPR

$0.03400

Monthly

-

-

Horizons Active Floating Rate Senior Loan ETF

HSL

$0.04800

Monthly

-

-

Horizons Active Ultra-Short Term US Investment
Grade Bond ETF(4)

HUF.U

$0.04000

Monthly

-

-

HUF

$0.04000

Monthly

-

-

Horizons Active High Yield Bond ETF

HYI

$0.03850

Monthly

-

-

Horizons Tactical Absolute Return Bond ETF

HARB.J

$0.03700

Monthly

-

-

Horizons Active ESG Corporate Bond ETF

HAEB

$0.02900

Monthly

-

-

Horizons Canadian Utility Services High Dividend
Index ETF

UTIL

 

$0.07900

 

Monthly

 

-

 

-

Horizons Conservative Asset Allocation ETF

HCON

$0.03000

Monthly

-

-

Horizons Balanced Asset Allocation ETF

HBAL

$0.03000

Monthly

-

-

Horizons Growth Asset Allocation ETF

HGRW

$0.04000

Monthly

-

-

Horizons All-Equity Asset Allocation ETF

HEQT

$0.02500

Monthly

-

-

Horizons Equal Weight Banks Index ETF

HBNK

$0.08500

Monthly

-

-

Horizons Equal Weight Canadian Bank Covered Call
ETF

 

BKCC

 

$0.15000

 

Monthly

 

-

 

-

Horizons Canadian Oil and Gas Equity Covered Call
ETF

 ENCC

$0.13000

 Monthly

-

-

Horizons US Large Cap Equity Covered Call ETF(5)

USCC.U

$0.12000

Monthly

-

-

USCC

$0.12000

Monthly

-

-

Horizons NASDAQ-100 Covered Call ETF

QQCC

$0.10750

Monthly

-

-

Horizons Canadian Large Cap Equity Covered Call
ETF

 CNCC

$0.10000

 Monthly

-

-

Horizons Gold Yield ETF

HGY

$0.05000

Monthly

-

-

Horizons Gold Producer Equity Covered Call ETF

GLCC

$0.22000

Monthly

-

-

Horizons Enhanced Equal Weight Banks Index ETF

BNKL

$0.09500

Monthly

-

-

Horizons Enhanced Equal Weight Canadian Banks
Covered Call ETF

 BKCL

$0.24500

 Monthly

-

-

Horizons Enhanced S&P/TSX 60 Index ETF

CANL

$0.07000

Monthly

-

-

Horizons Enhanced Canadian Large Cap Equity
Covered Call ETF

CNCL

 

$0.20000

 

Monthly

 

-

 

-

Horizons Enhanced US Large Cap Equity Covered
Call ETF

 

USCL

 

$0.23000

 

Monthly

 

-

 

-

Horizons Enhanced NASDAQ-100 Covered Call
ETF

 

QQCL

 

$0.25000

 

Monthly

 

-

 

-

Horizons Enhanced Canadian Oil and Gas Equity
Covered Call ETF

 

ENCL

 

$0.29000

 

Monthly

 

-

 

-

Horizons Enhanced All-Equity Asset Allocation
Covered Call ETF

 EQCL

$0.19500

 Monthly

-

-

Horizons Enhanced All-Equity Asset Allocation ETF

HEQL

$0.04000

Monthly

-

-

Horizons Growth Asset Allocation Covered Call ETF

GRCC

$0.14000

Monthly

-

-

Horizons Short-Term U.S. Treasury Premium Yield
ETF(6)

SPAY.U

$0.12500

Monthly

$0.00001

0.00 %

SPAY

$0.12500

Monthly

$0.00001

0.00 %

Horizons Mid-Term U.S. Treasury Premium Yield
ETF(6)

MPAY.U

$0.15000

Monthly

-

-

MPAY

$0.15000

Monthly

-

-

Horizons Long-Term U.S. Treasury Premium Yield
ETF(6)

LPAY.U

$0.17500

Monthly

-

-

LPAY

$0.17500

Monthly

-

-

The ex-dividend date for the following Distributions is anticipated to be December 29, 2023.

ETF Name

Ticker
Symbol

Distribution
per Security

Frequency

Reinvested
Non-Cash
Income

Distribution
per
Security
(Est.)

Estimated
Non-Cash
Distribution
as % of
NAV

Horizons US Dollar Currency ETF(7)

DLR.U

$0.24830

Quarterly

$0.00000

0.00 %

DLR

$0.24830

Quarterly

$0.00000

0.00 %

Horizons High Interest Savings ETF

CASH

$0.21500

Monthly

$0.00000

0.00 %

Horizons 0-3 Month T-Bill ETF

CBIL

$0.21000

Monthly

$0.00000

0.00 %

Horizons 0-3 Month U.S. T-Bill ETF(8)

UBIL.U

$0.21500

Monthly

$0.00000

0.00 %

The record date for all ETFs will be December 29, 2023. 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 January 8, 2024.  The nominal payment date applied to the Non-Cash Distributions will also be January 8, 2024, though in actuality there will be no physical payment made as would be the case with the Cash Distributions.  

(1)       

Distributions for Horizons Robotics & AI Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker RBOT.U. The approximate U.S. dollar equivalent distribution rate for RBOT.U is $0.02258 per security. For securityholders who hold the U.S. dollar traded RBOT.U, distribution payments will typically be converted to U.S. dollars by the securityholder's account holder.

(2)       

Distributions for Horizons Big Data & Hardware Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HBGD.U. The approximate U.S. dollar equivalent distribution rate for HBGD.U is $0.12910 per security. For securityholders who hold the U.S. dollar traded HBGD.U, distribution payments will typically be converted to U.S. dollars by the securityholder's account holder.

(3)       

Distributions for Horizons Global Semiconductor Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker CHPS.U. The approximate U.S. dollar equivalent distribution rate for CHPS.U is $0.12613 per security. For securityholders who hold the U.S. dollar traded CHPS.U, distribution payments will typically be converted to U.S. dollars by the securityholder's account holder.

(4)       

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 $0.05334 per security. For securityholders who hold the Canadian dollar-traded HUF, the securityholder's account holder will typically convert distribution payments to Canadian dollars.

(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 $0.16003 per security. For securityholders who hold the Canadian dollar-traded USCC, the securityholder's account holder will typically convert distribution payments to Canadian dollars.

(6)       

Distributions Horizons Short-Term U.S. Treasury Premium Yield ETF, Horizons Mid-Term U.S. Treasury Premium Yield ETF and Horizons Long-Term U.S. Treasury Premium Yield ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker SPAY, MPAY and LPAY. The approximate Canadian dollar equivalent distribution rate for SPAY is $0.16669 per security, for MPAY is $0.20003 per security and for LPAY is $0.23337 per security. For securityholders who hold the Canadian dollar-traded ticker, SPAY, MPAY and LPAY, the securityholder's account holder will typically convert distribution payments to Canadian dollars.

(7)       

Distributions for the Horizons US Dollar Currency ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker DLR. The approximate Canadian dollar equivalent distribution rate for DLR is $0.33112 per security. For securityholders who hold the Canadian dollar-traded DLR, the securityholder's account holder will typically convert distribution payments to Canadian dollars.

(8)       

Distributions for the Horizons 0-3 Month U.S. T-Bill ETF are declared and paid in U.S. dollars.

Distributions for the ETFs will vary from period to period. 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 $29 billion of assets under management and 119 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $710 billion of assets across 13 countries around the world.

Commissions, management fees, and expenses all may be associated with an investment in 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. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer.

The payment of distributions, if any, is not guaranteed and may fluctuate at any time. The payment of distributions should not be confused with an Exchange Traded Fund's ("ETF") performance, rate of return, or yield. If distributions paid by the ETF are greater than the performance of the ETF, distributions paid may include a return of capital and an investor's original investment will decrease.  A return of capital is not taxable to the investor, but will generally reduce the adjusted cost base of the securities held for tax purposes. Distributions are paid as a result of capital gains realized by an ETF, and income and dividends earned by an ETF are taxable to the investor in the year they are paid. The investor's adjusted cost base will be reduced by the amount of any returns of capital. If the investor's adjusted cost base goes below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions, if any, for tax purposes, (such as dividends/other income/capital gains, etc.) will not be known for certain until after the ETF's tax year-end. Therefore, investors will be informed of the tax characterization after year-end and not with each distribution if any. For tax purposes, these amounts will be reported annually by brokers on official tax statements.  Please refer to the applicable ETF distribution policy in the prospectus for more information.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's 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 such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors 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.

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.

SOURCE Horizons ETFs Management (Canada) Inc.

Copyright 2023 Canada NewsWire

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