Please note that these are estimated amounts only. Circumstances may arise which could cause these estimates to change before the ETFs’ applicable tax year ends on December 15, 2017 or December 31, 2017.
Each ETF is required to distribute any net income and capital gains it has earned during the year. The annual Non-Cash 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 for the respective ETF. The nature of the Non-Cash Distributions may be income and/or capital gains in nature. The Non-Cash 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 Non-Cash Distributions. These estimated amounts are for the Non-Cash distributions only and do not include any estimates of the regular monthly or quarterly cash distributions, as applicable, including those income and capital gains amounts that may form part of the monthly and/or quarterly distributions.
Horizons ETFs expects to announce the final year-end income and capital gains distribution amounts, as well as regular monthly, quarterly and semi-annual cash distribution amounts, on or about December 20, 2017. The ex-dividend date for all of these distributions (cash and non-cash) is anticipated to be December 28, 2017, for all unitholders of record on December 29, 2017. In early 2018, the tax characteristics of all distributions for 2017 for the ETFs will be reported to brokers via CDS Clearing and Depository Services Inc. (“CDS”) and will be posted on our website shortly thereafter.
| ETF Name | Ticker Symbol | Estimated Annual Non- Cash Distributions per Unit as of Nov. 30, 2017 |
Net Asset Value per Unit as of Nov. 30, 2017 |
Estimated Non-Cash Distributions as a % of NAV as of Nov. 30, 2017 |
| Horizons Seasonal Rotation ETF | HAC | $0.05 | $18.97 | 0.28% |
| Horizons Absolute Return Global Currency ETF | HARC | $1.25 | $20.98 | 5.94% |
| Horizons Global Currency Opportunities ETF | HGC | $0.43 | $10.62 | 4.00% |
| Horizons Cdn Insider Index ETF | HII | $0.95 | $12.69 | 7.46% |
| Horizons Global Risk Parity ETF | HRA | $0.24 | $10.30 | 2.35% |
| Horizons Active High Yield Bond ETF | HYI | $0.10 | $10.11 | 0.97% |
About Horizons ETFs Management (Canada) Inc.
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 suite 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 currently has more than $9.2 billion of assets under management and 81 ETFs listed on the Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.
For further information:
Martin Fabregas, Investor Relations
(416) 601-2508 or 1-866-641-5739
Certain statements may constitute a forward looking statement, including those identified by the expressions “estimate” or “expect” and similar expressions (including grammatical variations thereof) to the extent they relate to the ETFs or Horizons ETFs. The forward-looking statements are not historical facts but reflect the ETFs, the ETF’s managers or Horizons ETFs 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 the ETFs’ forward looking statements. These forward-looking statements are made as of the date hereof and the ETFs 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.
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