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Horizons ETFs Announces December 2023 Distributions For Its Suite Of ETFs

20/12/23 - 12:26 am

TORONTO – December 20, 2023 – 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 December 31, 2023, as indicated in the tables below.

Each ETF is required to distribute any net income and capital gains that they have earned in the year. All of the Distributions indicated as “Cash Distribution per Security” in the table (the “Cash Distributions”) will be paid in cash unless the securityholder has enrolled in the dividend reinvestment plan (“DRIP”) of the respective ETF.

The estimated annual non-cash Distributions, indicated as “Reinvested Annual Non-Cash Distributions per Security (Est.)” in the table (the “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 securityholder’s adjusted cost base of their securities of the respective ETF. The Non-Cash Distributions will be reinvested automatically in additional securities of the respective ETFs and immediately consolidated so that the number of securities held by the securityholder, the securities outstanding of the ETFs and the net asset value of the ETFs will not change as a result of the Non-Cash Distributions. The annual Non-Cash Distribution rates in the table below are presented on an estimated basis. A press release confirming the final annual Non-Cash Distribution rates will be disseminated on or about the record date of the Distributions.

The ex-dividend date for the Distributions is anticipated to be December 28, 2023, for all ETFs.

ETF NameTicker SymbolDistribution per SecurityFrequencyReinvested Non-Cash Income Distribution per Security (Est.)Estimated Non-Cash Distribution as % of NAV
Horizons Seasonal Rotation ETFHAC$0.31760Annually$0.714712.51%
Horizons Robotics & AI Index ETF(1)RBOT$0.03011Annually
RBOT.U$0.03011Annually
Horizons Global Uranium Index ETFHURA$0.35774Annually
Horizons Big Data & Hardware Index ETF(2)HBGD$0.17216Annually
HBGD.U$0.17216Annually
Horizons Global Lithium Producers Index ETFHLIT$0.70350Annually
Horizons Global Semiconductor Index ETF(3)CHPS$0.16820Annually
CHPS.U$0.16820Annually
Horizons GX Cybersecurity Index ETFHBUG$0.34694Annually
Horizons Copper Producers Index ETFCOPP$0.19936Annually$1.414785.13%
Horizons Active Cdn Dividend ETFHAL$0.14250Quarterly
Horizons Active Global Dividend ETFHAZ$0.12250Quarterly
Horizons Pipelines & Energy Services Index ETFHOG$0.10500Quarterly$0.451954.41%
Horizons Inovestor Canadian Equity Index ETFINOC$0.07500Quarterly$0.076400.54%
Horizons Global Sustainability Leaders Index ETFETHI$0.12500Quarterly
Horizons S&P Green Bond Index ETFHGGB$0.19663Quarterly
Horizons Active Corporate Bond ETFHAB$0.03200Monthly
Horizons Active Cdn Bond ETFHAD$0.02100Monthly
Horizons Active Global Fixed Income ETFHAF$0.03200Monthly
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 $0.05665 0.57%
Horizons Active Cdn Municipal Bond ETFHMP$0.02150Monthly
Horizons Active Preferred Share ETFHPR$0.03400Monthly
Horizons Active Floating Rate Senior Loan ETFHSL$0.04800Monthly
Horizons Active Ultra-Short Term US Investment Grade Bond ETF(4)HUF.U$0.04000Monthly
HUF$0.04000Monthly
Horizons Active High Yield Bond ETFHYI$0.03850Monthly
Horizons Tactical Absolute Return Bond ETFHARB.J$0.03700Monthly
Horizons Active ESG Corporate Bond ETFHAEB$0.02900Monthly
Horizons Canadian Utility Services High Dividend Index ETFUTIL $0.07900 Monthly – –
Horizons Conservative Asset Allocation ETFHCON$0.03000Monthly
Horizons Balanced Asset Allocation ETFHBAL$0.03000Monthly
Horizons Growth Asset Allocation ETFHGRW$0.04000Monthly
Horizons All-Equity Asset Allocation ETFHEQT$0.02500Monthly
Horizons Equal Weight Banks Index ETFHBNK$0.08500Monthly
Horizons Equal Weight Canadian Bank Covered Call ETF BKCC $0.15000 Monthly – –
Horizons Canadian Oil and Gas Equity Covered Call ETF ENCC $0.13000 Monthly – –
Horizons US Large Cap Equity Covered Call ETF(5)USCC.U$0.12000Monthly
USCC$0.12000Monthly
Horizons NASDAQ-100 Covered Call ETFQQCC$0.10750Monthly
Horizons Canadian Large Cap Equity Covered Call ETF CNCC $0.10000 Monthly – –
Horizons Gold Yield ETFHGY$0.05000Monthly
Horizons Gold Producer Equity Covered Call ETFGLCC$0.22000Monthly
Horizons Enhanced Equal Weight Banks Index ETFBNKL$0.09500Monthly
Horizons Enhanced Equal Weight Canadian Banks Covered Call ETF BKCL $0.24500 Monthly – –
Horizons Enhanced S&P/TSX 60 Index ETFCANL$0.07000Monthly
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 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 ETFHEQL$0.04000Monthly
Horizons Growth Asset Allocation Covered Call ETFGRCC$0.14000Monthly
Horizons Short-Term U.S. Treasury Premium Yield ETF(6)SPAY.U$0.12500Monthly$0.000010.00%
SPAY$0.12500Monthly$0.000010.00%
Horizons Mid-Term U.S. Treasury Premium Yield ETF(6)MPAY.U$0.15000Monthly
MPAY$0.15000Monthly
Horizons Long-Term U.S. Treasury Premium Yield ETF(6)LPAY.U$0.17500Monthly
LPAY$0.17500Monthly

The ex-dividend date for the following Distributions is anticipated to be December 29, 2023.

ETF NameTicker SymbolDistribution per SecurityFrequencyReinvested Non-Cash Income Distribution per Security (Est.)Estimated Non-Cash Distribution as % of NAV
Horizons US Dollar Currency ETF(7)DLR.U$0.24830Quarterly$0.000000.00%
DLR$0.24830Quarterly$0.000000.00%
Horizons High Interest Savings ETFCASH$0.21500Monthly$0.000000.00%
Horizons 0-3 Month T-Bill ETFCBIL$0.21000Monthly$0.000000.00%
Horizons 0-3 Month U.S. T-Bill ETF(8)UBIL.U$0.21500Monthly$0.712141.42%

The record date for all ETFs will be December 29, 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 January 8, 2024.  The nominal payment date applied to the Non-Cash Distributions will also be January 8, 2024, though in actuality there will be no physical payment made as would be the case with the Cash Distributions.

(1) Distributions for Horizons Robotics & AI Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker RBOT.U. The approximate U.S. dollar equivalent distribution rate for RBOT.U is $0.02258 per security. For securityholders who hold the U.S. dollar traded RBOT.U, distribution payments will typically be converted to U.S. dollars by the securityholder’s account holder.

(2) Distributions for Horizons Big Data & Hardware Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HBGD.U. The approximate U.S. dollar equivalent distribution rate for HBGD.U is $0.12910 per security. For securityholders who hold the U.S. dollar traded HBGD.U, distribution payments will typically be converted to U.S. dollars by the securityholder’s account holder.

(3)  Distributions for Horizons Global Semiconductor Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker CHPS.U. The approximate U.S. dollar equivalent distribution rate for CHPS.U is $0.12613 per security. For securityholders who hold the U.S. dollar traded CHPS.U, distribution payments will typically be converted to U.S. dollars by the securityholder’s account holder.

(4)  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 $0.05334 per security. For securityholders who hold the Canadian dollar-traded HUF, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

(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 $0.16003 per security. For securityholders who hold the Canadian dollar-traded USCC, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

(6)  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 $0.16669 per security, for MPAY is $0.20003 per security and for LPAY is $0.23337 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.

(7)  Distributions for the Horizons US Dollar Currency ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker DLR. The approximate Canadian dollar equivalent distribution rate for DLR is $0.33112 per security. For securityholders who hold the Canadian dollar-traded DLR, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

(8)  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 $29 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 19 global markets around the world.

For further information:
[email protected] (416) 933-5745 or (866) 641-5739

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