TORONTO, Dec. 29, 2017 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs") confirmed today the annual non-cash
distributions (the "Non-Cash Distributions") to unitholders
of certain of the exchange traded funds that Horizons ETFs manages
(the "ETFs") for the 2017 tax year as indicated in the table
below. Please note that this is a further update to the estimated
annual Non-Cash Distributions previously announced on December 1, 2017, and updated on December 20, 2017.
Each of the ETFs is required to distribute any net income and
capital gains that they have earned in the year. The annual
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 unitholder's adjusted cost base for the respective
ETF. The nature of the Non-Cash Distributions for the respective
ETFs as either income or capital gains is disclosed in the
footnotes to the table below. The Non-Cash Distributions will be
reinvested automatically in additional units of the respective ETFs
and immediately consolidated so that the number of units held by
the unitholder, the units outstanding of the ETFs, and the net
asset value of the ETFs, will not change as a result of the
Non-Cash Distributions. These amounts do not include the regular
monthly or quarterly cash distributions, as applicable, announced
on December 20, 2017.
The ex-dividend date for these distributions was December 28, 2017, for all unitholders of record
on December 29, 2017. In early 2018,
the tax characteristics of all distributions for 2017 for the ETFs
will be reported to brokers via the CDS Clearing and Depository
Services Inc. ("CDS") and will be posted on our website shortly
thereafter.
|
ETF
Name
|
Ticker
Symbol
|
Final
Confirmed
Annual
Non-
Cash
Distribution
per
Unit
|
Final
Non-Cash
Distribution
As a %
of
Dec. 28,
2017
NAV
|
Estimated
Annual Non-
Cash
Distribution per
Unit announced
on Dec. 20, 2017
|
|
Horizons Canadian
Dollar Currency ETF (1)
|
CAN
|
$0.20957
|
2.06%
|
-
|
|
Horizons Seasonal
Rotation ETF (2)
|
HAC
|
$0.12929
|
0.67%
|
$0.12929
|
|
Horizons Absolute
Return Global Currency ETF (3)
|
HARC
|
$0.96435
|
4.58%
|
$0.96435
|
|
Horizons China High
Dividend Yield Index ETF (4)
|
HCN
|
$0.35382
|
1.41%
|
$0.35382
|
|
Horizons Global
Currency Opportunities ETF (5)
|
HGC
|
$0.42401
|
4.04%
|
$0.42401
|
|
Horizons Morningstar
Hedge Fund Index ETF (6)
|
HHF
|
$0.32830
|
2.25%
|
$0.32830
|
|
Horizons Cdn Insider
Index ETF (7)
|
HII
|
$0.66688
|
5.25%
|
$0.66688
|
|
Horizons Marijuana
Life Sciences Index ETF (8)
|
HMMJ
|
$0.21817
|
1.18%
|
$0.22660
|
|
HMMJ.U
|
$0.21817
|
1.18%
|
$0.22660
|
|
Horizons Global Risk
Parity ETF (9)
|
HRA
|
$0.08837
|
0.85%
|
$0.08837
|
|
Horizons Active High
Yield Bond ETF (10)
|
HYI
|
$0.10256
|
1.02%
|
$0.10202
|
|
Horizons Active A.I.
Global Equity ETF (11)
|
MIND
|
$0.13304
|
0.53%
|
$0.13304
|
As disclosed above, the final determination of the nature of
these Non-Cash Distributions will be reported to brokers via CDS in
early 2018. The expected nature of the Non-Cash
Distributions for each of the ETFs in the table above is as
follows:
|
(1)
|
Horizons Canadian
Dollar Currency ETF (CAN) – 100% income. The Canadian dollar
appreciated approximately 2% versus the U.S. dollar in the last two
weeks of December 2017. This resulted in a Non-Cash Distribution
for CAN that was not anticipated when the previous estimates were
announced.
|
|
|
|
(2)
|
Horizons Seasonal
Rotation ETF (HAC) – 100% capital gains.
|
|
|
|
(3)
|
Horizons Absolute
Return Global Currency ETF (HARC) – 100% income.
|
|
|
|
(4)
|
Horizons China High
Dividend Yield Index ETF (HCN) – 100% income.
|
|
|
|
(5)
|
Horizons Global
Currency Opportunities ETF (HGC) – 100% income.
|
|
|
|
(6)
|
Horizons Morningstar
Hedge Fund Index ETF (HHF) – 100% income.
|
|
|
|
(7)
|
Horizons Cdn Insider
Index ETF (HII) – 100% capital gains.
|
|
|
|
(8)
|
Horizons Marijuana
Life Sciences Index ETF (HMMJ, HMMJ.U) – 100% capital gains. Please
note that distributions for Horizons Marijuana Life Sciences Index
ETF are declared and paid in Canadian dollars, including those
listed under the U.S. dollar traded ticker HMMJ.U. The approximate
U.S. dollar equivalent distribution rate for HMMJ.U is $0.17356 per
unit. For unitholders who hold the U.S. dollar traded HMMJ.U,
distribution payments will typically be converted to U.S. dollars
by the unitholder's account holder.
|
|
|
|
(9)
|
Horizons Global Risk
Parity ETF (HRA) - approximately 73% income and 27% capital
gains.
|
|
|
|
(10)
|
Horizons Active High
Yield Bond ETF (HYI) – 100% capital gains.
|
|
|
|
(11)
|
Horizons Active A.I.
Global Equity ETF (MIND) - approximately 79% income and 21% capital
gains.
|
About Horizons ETFs Management (Canada) Inc.
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 suite 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 currently has more than $9.4
billion of assets under management and 81 ETFs listed on the
Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
SOURCE Horizons ETFs Management (Canada) Inc.
