TORONTO – October 24, 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 October 31, 2022, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be October 28, 2022, for all securityholders of record on October 31, 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 November 10, 2022.
Horizons ETFs has made an additional announcement regarding the October distributions for certain ETFs in a separate press release.
| ETF Name | 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) |
|---|---|---|---|---|---|---|
| Horizons Canadian Large Cap Equity Covered Call ETF | CNCC | $0.04836 | -1.11% | 9.46% | 9.19% | 0.27% |
| Horizons Canadian Oil and Gas Equity Covered Call ETF | ENCC | $0.15341 | 1.74% | 15.52% | 15.39% | 0.13% |
| Horizons Gold Producer Equity Covered Call ETF | GLCC | $0.21508 | 4.18% | 11.89% | 11.61% | 0.28% |
| Horizons Equal Weight Canadian Bank Covered Call ETF | BKCC | $0.05118 | -1.68% | 8.07% | 7.31% | 0.76% |
| Horizons NASDAQ-100 Covered Call ETF | QQCC | $0.05830 | 0.02% | 14.52% | 13.02% | 1.50% |
| Horizons US Large Cap Equity Covered Call ETF(5) | USCC.U | $0.14193 | -1.36% | 14.03% | 12.26% | 1.77% |
| USCC | $0.14193 | 0.06% | 14.03% | 12.26% | 1.77% | |
| Horizons Gold Yield ETF | HGY | $0.02286 | -0.61% | 6.12% | 6.27% | -0.15% |
(1) Based on the period from September 21, 2022 to October 21, 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 October 21, 2022 NAV per security, which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable September 21, 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 $0.19359
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 $21 billion of assets under management and 107 ETFs listed
on major Canadian stock exchanges.
For further information:
[email protected]
(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.
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