TORONTO, April 23, 2024 /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 April 30, 2024, as indicated in the tables below.
The ex-dividend date for the following Distributions is anticipated to be April 29, 2024.
ETF Name
Ticker Symbol
Distribution per Security
Frequency
Horizons Active Corporate Bond ETF
HAB
$0.03100
Monthly
Horizons Active Cdn Bond ETF
HAD
$0.02350
Monthly
Horizons Active Global Fixed Income ETF
HAF
$0.03600
Monthly
Horizons Active Hybrid Bond and Preferred Share ETF
HYBR
$0.03250
Monthly
Horizons Active Ultra-Short Term Investment Grade Bond ETF
HFR
$0.04100
Monthly
Horizons Active Cdn Municipal Bond ETF
HMP
$0.02200
Monthly
Horizons Active Preferred Share ETF
HPR
$0.03200
Monthly
Horizons Canadian Utility Services High Dividend Index ETF
UTIL
$0.08150
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
$0.09000
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(1)
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
Horizons Short-Term U.S. Treasury Premium Yield ETF(2)
SPAY.U
$0.12500
Monthly
SPAY
$0.12500
Monthly
Horizons Mid-Term U.S. Treasury Premium Yield ETF(2)
MPAY.U
$0.15000
Monthly
MPAY
$0.15000
Monthly
Horizons Long-Term U.S. Treasury Premium Yield ETF(2)
LPAY.U
$0.17500
Monthly
LPAY
$0.17500
Monthly
The ex-dividend date for the following Distributions is anticipated to be April 30, 2024.
ETF Name
Ticker Symbol
Distribution per Security
Frequency
Horizons High Interest Savings ETF
CASH
$0.19500
Monthly
Horizons 0-3 Month T-Bill ETF
CBIL
$0.20000
Monthly
Horizons 0-3 Month U.S. T-Bill ETF(3)
UBIL.U
$0.21500
Monthly
Horizons USD High Interest Savings ETF(4)
UCSH.U
$0.22000
Monthly
The record date for all ETFs will be April 30, 2024. 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 May 7, 2024.
(1)
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 $0.16443 per security. For securityholders who hold the Canadian dollar-traded USCC, the securityholder's account holder will typically convert distribution payments to Canadian dollars.
(2)
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 $0.17128 per security, for MPAY is $0.20554 per security and for LPAY is $0.23979 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.
(3)
Distributions for the Horizons 0-3 Month U.S. T-Bill ETF are declared and paid in U.S. dollars.
(4)
Distributions for Horizons USD High Interest Savings 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.
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 $30 billion of assets under management and 108 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 19 global markets 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.