Horizons Announces December 2015 Distributions for Certain ETFs
TORONTO, Dec. 18, 2015 /CNW/ - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs") are pleased to announce the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the 2015 tax year end, as indicated in the table below.
Each of the ETFs 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 Unit" in the table (the "Cash Distributions") will be paid in cash unless the Unitholder has enrolled in the dividend reinvestment plan ("DRIP") of the respective ETF.
The annual capital gains Distributions, indicated as "Reinvested Annual Capital Gains (Est.)" in the table (the "Capital Gains 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 of their units of the respective ETF. The Capital Gains 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 Capital Gains Distributions. The annual Capital Gains Distribution rates in the table below are presented on an estimated basis. A press release confirming the final annual Capital Gains Distribution rates will be disseminated prior to the record date of the Distributions.
The ex-dividend date for both the Cash Distributions and Capital Gains Distributions is anticipated to be December 29, 2015, for all unitholders of record on December 31, 2015. The Cash Distributions 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 January 13, 2016.
Horizons ETFs will make an additional announcement of the December distributions for its family of covered call exchange traded funds on or about December 21, 2015.
| ETF Name |
Ticker Symbol |
Cash Distribution per Unit |
Annualized Yield * |
Frequency |
Reinvested Annual Capital Gains (Est.) |
| Horizons Active Diversified Income ETF |
HAA |
$0.06500 |
2.44% |
Quarterly |
$0.33834 |
| HAA.A |
$0.04350 |
1.64% |
Quarterly |
$0.31734 |
|
| Horizons Active Corporate Bond ETF |
HAB |
$ 0.03142 |
3.53% |
Monthly |
- |
| HAB.A |
$ 0.02666 |
2.99% |
Monthly |
- |
|
| Horizons Seasonal Rotation ETF |
HAC |
- |
- |
Annually |
$1.11552 |
| HAC.A |
- |
- |
Annually |
$0.95837 |
|
| Horizons Active Cdn Bond ETF |
HAD |
$ 0.02989 |
3.57% |
Monthly |
- |
| HAD.A |
$ 0.02523 |
3.01% |
Monthly |
- |
|
| Horizons Active Global Fixed Income ETF |
HAF |
$ 0.02707 |
4.29% |
Monthly |
- |
| HAF.A |
$ 0.02345 |
3.72% |
Monthly |
- |
|
| Horizons Active Emerging Markets Dividend ETF |
HAJ |
$ 0.02149 |
2.12% |
Monthly |
- |
| HAJ.A |
$ 0.01279 |
1.26% |
Monthly |
- |
|
| Horizons Active Cdn Dividend ETF |
HAL |
$ 0.03523 |
3.19% |
Monthly |
- |
| HAL.A |
$ 0.02532 |
2.29% |
Monthly |
- |
|
| Horizons Active US Dividend ETF |
HAU |
$ 0.01879 |
2.10% |
Monthly |
- |
| HAU.A |
$ 0.01175 |
1.31% |
Monthly |
- |
|
| Horizons Active Global Dividend ETF |
HAZ |
$ 0.03945 |
2.45% |
Monthly |
$0.38821 |
| HAZ.A |
$ 0.02677 |
1.66% |
Monthly |
$0.37562 |
|
| Horizons S&P/TSX 60 Equal Weight Index ETF |
HEW |
$ 0.06314 |
2.42% |
Quarterly |
- |
| Horizons Active Floating Rate Preferred Share ETF |
HFP |
$ 0.03059 |
4.58% |
Monthly |
- |
| HFP.A |
$ 0.02655 |
3.98% |
Monthly |
- |
|
| Horizons Active Floating Rate Bond ETF |
HFR |
$ 0.01864 |
2.25% |
Monthly |
- |
| HFR.A |
$ 0.01375 |
1.66% |
Monthly |
- |
|
| Horizons Managed Global Opportunities ETF(1) |
HGM |
$ 0.10001 |
3.06% |
Annually |
$0.11161 |
| HGM Cl F |
$ 0.07845 |
3.32% |
Annually |
$0.08065 |
|
| HGM.A |
$ 0.07193 |
2.21% |
Annually |
$0.11127 |
|
| Horizons Managed Multi-Asset Momentum ETF(2) |
HMA |
$ 0.01269 |
0.39% |
Annually |
- |
| HMA.A |
$ 0.00471 |
0.15% |
Annually |
- |
|
| Horizons Active Cdn Municipal Bond ETF |
HMP |
$ 0.01252 |
1.51% |
Monthly |
- |
| HMP.A |
$ 0.00775 |
0.93% |
Monthly |
- |
|
| Horizons Active Preferred Share ETF |
HPR |
$ 0.03181 |
4.75% |
Monthly |
- |
| HPR.A |
$ 0.02803 |
4.18% |
Monthly |
- |
|
| Horizons Active Floating Rate Senior Loan ETF |
HSL |
$ 0.02937 |
3.63% |
Monthly |
- |
| HSL.A |
$ 0.02480 |
3.07% |
Monthly |
- |
|
| Horizons Active US Floating Rate Bond (USD) ETF (3) |
HUF.U |
$ 0.01184 |
1.43% |
Monthly |
$0.20483 |
| HUF |
$ 0.01184 |
1.43% |
Monthly |
$0.20483 |
|
| HUF.V |
$ 0.00717 |
0.87% |
Monthly |
$0.19942 |
|
| Horizons US Equity Managed Risk ETF (4) |
HUS.U |
$ 0.06449 |
2.15% |
Quarterly |
- |
| HUS.V |
$ 0.03924 |
1.31% |
Quarterly |
- |
|
| Horizons Cdn Equity Managed Risk ETF |
HUT |
$ 0.08110 |
3.28% |
Quarterly |
- |
| HUT.A |
$ 0.06025 |
2.44% |
Quarterly |
- |
|
| Horizons Active High Yield Bond ETF |
HYI |
$ 0.04947 |
6.39% |
Monthly |
- |
| HYI.A |
$ 0.04524 |
5.84% |
Monthly |
- |
|
| Horizons Cdn Insider Index ETF |
HII |
$ 0.05967 |
2.44% |
Quarterly |
- |
| Horizons Canadian Midstream Oil & Gas Index ETF |
HOG |
$ 0.08897 |
4.94% |
Quarterly |
- |
* Based on the applicable December 17, 2015 net asset value per unit which is available at www.HorizonsETFs.com.
| (1) |
The Class E and Advisor Class Units of Horizons Managed Global Opportunities ETF began trading on August 26, 2015 and Class F began on September 25, 2015. The distributions attributable to those units have been prorated from its launch date. |
| (2) |
The Class E and Advisor Class Units of Horizons Managed Multi-Asset Momentum ETF began trading on August 19, 2015. The distributions attributable to those units have been prorated from its launch date. |
| (3) |
Distributions for Horizons Active US Floating Rate Bond (USD) 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 $0.01652 per unit. |
| (4) |
Distributions for Horizons US Equity Managed Risk ETF are declared and paid in U.S. dollars. |
Distributions for the ETFs will vary from period to period.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange-traded funds. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $5.2 billion of assets under management and with 70 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739
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