Horizons Announces September 2012 Distributions for its Covered-Call ETFs
TORONTO, Sept. 20, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the period ending September 30, 2012, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be September 26, 2012, for all unitholders of record on September 28, 2012. The Distributions 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 October 11, 2012.
CLASS E UNITS
| ETF Name | Ticker Symbol |
Distribution per Unit |
Annualized Yield * |
Frequency |
| Horizons Enhanced Income Equity ETF | HEX | $0.04331 | 7.11% | Monthly |
| Horizons Enhanced Income Energy ETF | HEE | $0.04052 | 7.13% | Monthly |
| Horizons Enhanced Income Gold Producers ETF | HEP | $0.03131 | 5.81% | Monthly |
| Horizons Enhanced Income Financials ETF | HEF | $0.04023 | 6.12% | Monthly |
| Horizons Enhanced Income International Equity ETF | HEJ | $0.05882 | 7.86% | Monthly |
| Horizons Enhanced Income US Equity (USD) ETF (1) | HEA.U | $0.05317 | 6.11% | Monthly |
| Horizons Enhanced US Equity Income ETF(2) | HES | $0.03706 | 5.19% | Monthly |
| Horizons Gold Yield ETF | HGY | $0.05394 | 6.85% | Monthly |
| Horizons Silver Yield ETF | HZY | $0.03860 | 5.10% | Monthly |
| Horizons Crude Oil Yield ETF | HOY | $0.05916 | 8.87% | Monthly |
| Horizons Natural Gas Yield ETF | HNY | $0.12990 | 17.50% | Monthly |
ADVISOR CLASS UNITS
| ETF Name | Ticker Symbol |
Distribution per Unit |
Annualized Yield * |
Frequency |
| Horizons Enhanced Income Equity ETF | HEX.A | $0.03864 | 6.32% | Monthly |
| Horizons Enhanced Income Energy ETF | HEE.A | $0.03626 | 6.34% | Monthly |
| Horizons Enhanced Income Gold Producers ETF | HEP.A | $0.02693 | 5.02% | Monthly |
| Horizons Enhanced Income Financials ETF | HEF.A | $0.03519 | 5.33% | Monthly |
| Horizons Enhanced Income International Equity ETF | HEJ.A | $0.05319 | 7.11% | Monthly |
| Horizons Enhanced Income US Equity (USD) ETF (1) | HEA.V | $0.04632 | 5.33% | Monthly |
| Horizons Enhanced US Equity Income ETF(2) | HES.A | $0.03141 | 4.40% | Monthly |
| Horizons Gold Yield ETF | HGY.A | $0.04723 | 6.01% | Monthly |
| Horizons Silver Yield ETF | HZY.A | $0.03218 | 4.26% | Monthly |
| Horizons Crude Oil Yield ETF | HOY.A | $0.05349 | 8.03% | Monthly |
| Horizons Natural Gas Yield ETF | HNY.A | $0.12356 | 16.65% | Monthly |
* Based on the applicable September 19, 2012 net asset value per unit which is available at www.horizonsetfs.com
Distributions will vary from period to period.
| (1) | Distributions for Horizons Enhanced Income US Equity (USD) ETF are declared and paid in U.S. dollars. |
| (2) | The Class A Units of the Horizons Enhanced U.S. Equity Income Fund were converted into Class E Units of the Horizons Enhanced US Equity Income ETF as at the close of business on August 31, 2012. The Class E Units and Advisor Class Units of Horizons Enhanced US Equity Income ETF began trading on September 4, 2012. |
Each ETF makes Distributions to unitholders based on the amount of call option premiums received during the month, along with any dividend income received, less expenses payable by the ETF. Call option premiums, and therefore the amounts distributed, tend to reflect the prevailing market volatility, either higher or lower. Should volatility levels increase in the future from current levels, it would be expected that call option premiums would generally rise.
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $3.4 billion in assets under management and 82 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group.
SOURCE: Horizons Exchange Traded Funds Inc.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.
Share this article