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Classified in: Business
Subject: DIV

Horizons ETFS Announces November 2019 Distributions for Certain Active ETFs


TORONTO, Nov. 22, 2019 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the distribution amounts per unit (the "Distributions") for certain of its exchange traded funds (the "ETFs") for the period ending November 30, 2019, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be November 28, 2019, for all unitholders of record on November 29, 2019. 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 December 11, 2019. 

Horizons ETFs has made an additional announcement regarding the November distributions for its family of covered call ETFs in a separate press release.

ETF Name

Ticker Symbol

Distribution per Unit

Annualized Yield*

Frequency

Horizons Active Corporate Bond ETF

HAB

$0.02682

2.92%

Monthly

Horizons Active Cdn Bond ETF

HAD

$0.01760

2.03%

Monthly

Horizons Active Global Fixed Income ETF

HAF

$0.02449

3.80%

Monthly

Horizons Active Emerging Markets Bond ETF

HEMB

$0.03551

4.30%

Monthly

Horizons Active Floating Rate Preferred Share ETF

HFP

$0.03209

4.88%

Monthly

Horizons Active Floating Rate Bond ETF

HFR

$0.02236

2.67%

Monthly

Horizons Active Cdn Municipal Bond ETF

HMP

$0.02026

2.45%

Monthly

Horizons Active Preferred Share ETF

HPR

$0.03342

5.04%

Monthly

Horizons Active Floating Rate Senior Loan ETF

HSL

$0.02704

3.41%

Monthly

Horizons Active US Floating Rate Bond (USD) ETF(1)

HUF.U

$0.02328

2.77%

Monthly

HUF

$0.02328

2.77%

Monthly

Horizons Active High Yield Bond ETF

HYI

$0.04983

6.25%

Monthly

 

* Based on the applicable November 21, 2019, net asset value per unit, which is available at www.HorizonsETFs.com.



(1)

Distributions for the Horizons Active US Floating Rate Bond (USD) 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 $0.03092 per unit. For unitholders who hold the Canadian dollar-traded HUF, distribution payments will typically be converted to Canadian dollars by the unitholder's account holder.

 

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 approximately $10 billion of assets under management and 91 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. 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.

SOURCE Horizons ETFs Management (Canada) Inc.


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News published on 22 november 2019 at 18:13 and distributed by: