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Horizons ETFs Announces December 2022 Distributions for its Covered Call ETFs

21/12/22 - 12:00 am

TORONTO – December 21, 2022 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the distribution amounts per security (the “Distributions”) for its suite of covered call exchange traded funds (the “ETFs”), for the period ending December 31, 2022, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be December 29, 2022, for all securityholders of record on December 30, 2022. 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 January 12, 2023.

Horizons ETFs has made an additional announcement regarding the November distributions for certain ETFs in a separate press release.

ETF NameTicker SymbolCurrent 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)
Horizons Canadian Large Cap Equity Covered Call ETFCNCC$0.10000-4.14%9.73%8.50%1.23%
Horizons Canadian Oil and Gas Equity Covered Call ETFENCC$0.13000-9.03%13.80%13.50%0.30%
Horizons Gold Producer Equity Covered Call ETFGLCC$0.220004.22%10.53%10.29%0.24%
Horizons Equal Weight Canadian Bank Covered Call ETFBKCC$0.10000-7.13%7.99%7.51%0.48%
Horizons NASDAQ-100 Covered Call ETFQQCC$0.10750-2.24%13.76%14.21%-0.45%
Horizons US Large Cap Equity Covered Call ETF(5)USCC.U$0.12000-3.19%11.89%12.51%-0.62%
USCC$0.120001.44%11.89%12.51%-0.62%
Horizons Gold Yield ETFHGY$0.050003.79%6.28%6.04%0.24%

(1) Based on the period from November 22, 2022 to December 20, 2022, where the prior month’s NAV (net asset value) per security is adjusted to include the prior month’s distribution.
(2) Annualized and based on the applicable December 20, 2022 NAV per security, which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable November 22, 2022 NAV per security, 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) 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 $0.16340 per security. For securityholders who hold the Canadian dollar-traded USCC, distribution payments will typically be converted to Canadian dollars by the securityholder’s account holder.

Each ETF does not have a fixed distribution but pays distributions monthly. 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.

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 $22 billion of assets under management and 107 ETFs listed on major Canadian stock exchanges.

For further information:
info@horizonsetfs.com
(416) 933-5745 or (866) 641-5739

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.

Commissions, management fees and expenses all may be associated with an investment in the Horizons Exchange Traded Products. 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.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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