TORONTO, Jan. 20, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce
the monthly distribution rate for the Horizons Gold Yield Fund (the "Fund") for January 2012 in the amount of $0.07780 per Class A unit and Class
F unit of the Fund. The Class A units of the Fund are listed for
trading on the Toronto Stock Exchange ("TSX") under the symbol HGY.UN. The Class F units of the Fund are not publicly listed.
This distribution rate, which is equivalent to $0.9336 per annum or a
yield of 9.34% per annum on the initial issue price of $10.00 per Class
A unit and Class F unit, will be applicable to the distributions
declared for January, February and March 2012. The January distribution
ex-dividend date is anticipated to be January 27, 2012, for all Class A
and Class F unitholders of record on January 31, 2012. The distribution
is payable on February 10, 2012.
The Fund's investment objectives are to provide unitholders with: (i)
exposure to the price of gold bullion hedged to the Canadian dollar,
less the Fund's fees and expenses; and (ii) tax-efficient monthly
distributions. The Fund does not have a fixed distribution, but
generally sets distributions quarterly and pays distributions monthly.
It is expected that monthly distributions currently received by
unitholders will consist primarily of return of capital.
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the
Horizons ETFs family of ETFs. 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. With more than $3.2 billion in
assets under management and 75 ETFs listed on the TSX, the Horizons
ETFs family makes up the largest selection of ETFs in Canada. Horizons
ETFs is a subsidiary of Horizons ETFs Management (Canada) Inc. and a
member of the Mirae Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.