TORONTO – June 23, 2020 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the distribution amounts per unit (the “Distributions”) for its suite of covered call exchange traded funds (the “ETFs”), for the period ending June 30, 2020, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be June 29, 2020, for all unitholders of record on June 30, 2020. The Distributions for units of each ETF 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 July 13, 2020.
Horizons ETFs has made an additional announcement regarding the June distributions for certain ETFs in a separate press release.
| Ticker Symbol |
Current Month Distribution Rate |
NAV Change from Prior Month(1) |
Current Month Yield(2) |
Prior Month Yield(3) |
Absolute Change in Yield from Prior Month(4) |
| HEX | $0.02679 | 4.15% | 6.07% | 6.05% | 0.02% |
| HEE | $0.02227 | 0.42% | 6.01% | 5.74% | 0.27% |
| HEP | $0.19144 | -4.44% | 6.75% | 6.06% | 0.69% |
| HEF | $0.03897 | 10.46% | 6.72% | 7.18% | -0.46% |
| HEJ(5) | $0.02902 | 7.31% | 7.09% | 8.67% | -1.58% |
| HEA.U(6) | $0.06007 | 5.53% | 6.36% | 5.84% | 0.52% |
| HEA(6) | $0.06007 | 2.45% | 6.36% | 5.84% | 0.52% |
| HGY | $0.03042 | 1.62% | 6.50% | 4.76% | 1.74% |
| HNY | $0.05080 | -2.71% | 7.03% | 7.00% | 0.03% |
(1) Based on the period from May 21, 2020, to June 22, 2020, where the prior month’s NAV (net asset value) per unit is adjusted to include the prior month’s distribution.
(2) Annualized and based on the applicable June 22, 2020, NAV per unit, which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable May 21, 2020, NAV per unit, which is available at www.HorizonsETFs.com.
(4) The absolute change of the prior month’s previously announced annualized distribution yield, to the current month’s annualized distribution yield.
(5) In the press release dated May 22, 2020, declaring the May distribution for the Horizons Enhanced International Income Equity ETF, the NAV change from prior month (from April), current month yield (for May) and absolute change in yield from prior month (from April) were incorrectly reported. The correct figures should have read: NAV change from prior month 0.59%; current month yield 8.67%; and absolute change in yield from prior month 1.64%. The changes from prior month figures in the table above are based on these corrected values.
(6) Distributions for the Horizons Enhanced Income US Equity (USD) ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HEA. The approximate Canadian dollar equivalent distribution rate for HEA is $0.08130 per unit. For unitholders who hold the Canadian dollar-traded HEA, distribution payments will typically be converted to Canadian dollars by the unitholder’s account holder.
Each ETF does not have a fixed distribution but pays distributions monthly. Distribution rates are generally based on the average current volatility of the securities held by the ETF, along with any dividend income received, less expenses payable by the ETF. The amount of monthly cash distributions are expected to fluctuate from month to month, and there can be no assurance that an ETF will make any distributions in any particular month or months. Monthly distributions will be paid in cash, unless the investor has chosen to participate in the ETF’s reinvestment plan.
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 $13 billion of assets under management and 91 ETFs listed on major Canadian stock exchanges.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.
Categories: Press Releases