HORIZONS ETFS ANNOUNCES NOVEMBER 2023 DISTRIBUTIONS FOR ITS SUITE OF ETFs
TORONTO, Nov. 23, 2023 /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 November 30, 2023, as indicated in the tables below.
The ex-dividend date for the following Distributions is anticipated to be November 29, 2023.
ETF Name | Ticker | Distribution | Frequency |
Horizons Active Corporate Bond ETF | HAB | $0.03200 | Monthly |
Horizons Active Cdn Bond ETF | HAD | $0.02100 | Monthly |
Horizons Active Global Fixed Income ETF | HAF | $0.03200 | Monthly |
Horizons Active Hybrid Bond and Preferred Share ETF | HYBR | $0.03400 | Monthly |
Horizons Active Ultra-Short Term Investment Grade Bond ETF | HFR | $0.04750 | Monthly |
Horizons Active Cdn Municipal Bond ETF | HMP | $0.02150 | Monthly |
Horizons Active Preferred Share ETF | HPR | $0.03400 | Monthly |
Horizons Active Floating Rate Senior Loan ETF | HSL | $0.04800 | Monthly |
Horizons Active Ultra-Short Term US Investment Grade Bond ETF(1) | HUF.U | $0.04000 | Monthly |
HUF | $0.04000 | Monthly | |
Horizons Active High Yield Bond ETF | HYI | $0.03850 | Monthly |
Horizons Tactical Absolute Return Bond ETF | HARB.J | $0.03600 | Monthly |
Horizons Active ESG Corporate Bond ETF | HAEB | $0.02900 | Monthly |
Horizons Canadian Utility Services High Dividend Index ETF | UTIL | $0.07900 | Monthly |
Horizons Canadian Large Cap Equity Covered Call ETF | CNCC | $0.10000 | Monthly |
Horizons Canadian Oil and Gas Equity Covered Call ETF | ENCC | $0.13000 | Monthly |
Horizons Gold Producer Equity Covered Call ETF | GLCC | $0.22000 | Monthly |
Horizons Equal Weight Canadian Bank Covered Call ETF | BKCC | $0.15000 | Monthly |
Horizons NASDAQ-100 Covered Call ETF | QQCC | $0.10750 | Monthly |
Horizons US Large Cap Equity Covered Call ETF(2) | USCC.U | $0.12000 | Monthly |
USCC | $0.12000 | Monthly | |
Horizons Gold Yield ETF | HGY | $0.05000 | 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 Equal Weight Banks Index ETF | HBNK | $0.08500 | Monthly |
Horizons Balanced Asset Allocation ETF | HBAL | $0.03000 | Monthly |
Horizons Conservative Asset Allocation ETF | HCON | $0.03000 | Monthly |
Horizons All-Equity Asset Allocation ETF | HEQT | $0.02500 | Monthly |
Horizons Enhanced NASDAQ-100 Covered Call ETF | QQCL | $0.25000 | Monthly |
Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF | ENCL | $0.29000 | Monthly |
Horizons Enhanced All-Equity Asset Allocation Covered Call ETF | EQCL | $0.19500 | Monthly |
Horizons Enhanced All-Equity Asset Allocation ETF | HEQL | $0.04000 | Monthly |
Horizons Growth Asset Allocation ETF | HGRW | $0.04000 | Monthly |
Horizons Growth Asset Allocation Covered Call ETF | GRCC | $0.14000 | Monthly |
Horizons Short-Term U.S. Treasury Premium Yield ETF(3) | SPAY.U | $0.12500 | Monthly |
SPAY | $0.12500 | Monthly | |
Horizons Mid-Term U.S. Treasury Premium Yield ETF(3) | MPAY.U | $0.15000 | Monthly |
MPAY | $0.15000 | Monthly | |
Horizons Long-Term U.S. Treasury Premium Yield ETF(3) | LPAY.U | $0.17500 | Monthly |
LPAY | $0.17500 | Monthly |
The ex-dividend date for the following Distributions is anticipated to be November 30, 2023.
ETF Name | Ticker Symbol | Distribution per Security | Frequency |
Horizons High Interest Savings ETF | CASH | $0.21500 | Monthly |
Horizons 0-3 Month T-Bill ETF | CBIL | $0.22500 | Monthly |
Horizons 0-3 Month U.S. T-Bill ETF(4) | UBIL.U | $0.23500 | Monthly |
The record date for all ETFs will be November 30, 2023. 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 December 7, 2023.
(1) | Distributions for the Horizons Active Ultra-Short Term US Investment Grade Bond ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. The approximate Canadian dollar equivalent distribution rate for HUF is $0.05477 per security. For securityholders who hold the Canadian dollar-traded HUF, the securityholder's account holder will typically convert distribution payments to Canadian dollars. |
(2) | 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 $0.16432 per security. For securityholders who hold the Canadian dollar-traded USCC, the securityholder's account holder will typically convert distribution payments to Canadian dollars. |
(3) | 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 $0.17117 per security, for MPAY is $0.20540 per security and for LPAY is $0.23964 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. |
(4) | Distributions for the Horizons 0-3 Month U.S. T-Bill 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.
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 $28 billion of assets under management and 119 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 13 countries around the world.
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. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer.
SOURCE Horizons ETFs Management (Canada) Inc.
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