HORIZONS ETFS ANNOUNCES FEBRUARY 2024 DISTRIBUTIONS FOR ITS SUITE OF ETFs

TORONTO, Feb. 22, 2024 /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 February 29, 2024, as indicated in the tables below.

The ex-dividend date for the following Distributions is anticipated to be February 28, 2024.

ETF Name	Ticker Symbol	Distribution per Security	Frequency
Horizons Active Corporate Bond ETF	HAB	$0.03100	Monthly
Horizons Active Cdn Bond ETF	HAD	$0.02250	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	$0.04200	Monthly
Horizons Active Cdn Municipal Bond ETF	HMP	$0.02100	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	$0.03700	Monthly
Horizons Tactical Absolute Return Bond ETF	HARB.J	$0.03700	Monthly
Horizons Canadian Utility Services High Dividend Index ETF	UTIL	$0.07750	Monthly
Horizons Conservative Asset Allocation ETF	HCON	$0.03000	Monthly
Horizons Balanced Asset Allocation ETF	HBAL	$0.03000	Monthly
Horizons Growth Asset Allocation ETF	HGRW	$0.04000	Monthly
Horizons All-Equity Asset Allocation ETF	HEQT	$0.02500	Monthly
Horizons Equal Weight Banks Index ETF	HBNK	$0.08500	Monthly
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^(2)	USCC.U	$0.12000	Monthly
	USCC	$0.12000	Monthly
Horizons NASDAQ-100 Covered Call ETF	QQCC	$0.10750	Monthly
Horizons Canadian Large Cap Equity Covered Call ETF	CNCC	$0.10000	Monthly
Horizons Gold Yield ETF	HGY	$0.05000	Monthly
Horizons Gold Producer Equity Covered Call ETF	GLCC	$0.22000	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 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 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 February 29, 2024.

ETF Name	Ticker Symbol	Distribution per Security	Frequency
Horizons High Interest Savings ETF	CASH	$0.19500	Monthly
Horizons 0-3 Month T-Bill ETF	CBIL	$0.21000	Monthly
Horizons 0-3 Month U.S. T-Bill ETF^(4)	UBIL.U	$0.22000	Monthly
Horizons USD High Interest Savings ETF^(5)	UCSH.U	$0.19000	Monthly

The record date for all ETFs will be February 29, 2024. 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 March 7, 2024.

^(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 $0.05403 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 $0.16208 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 $0.16883 per security, for MPAY is $0.20260 per security and for LPAY is $0.23636 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.
^(5)	Distributions for Horizons USD High Interest Savings 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 $30 billion of assets under management and 117 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.

Commissions, management fees, and expenses all may be associated with an investment in 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. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer.

The payment of distributions, if any, is not guaranteed and may fluctuate at any time. The payment of distributions should not be confused with an Exchange Traded Fund's ("ETF") performance, rate of return, or yield. If distributions paid by the ETF are greater than the performance of the ETF, distributions paid may include a return of capital and an investor's original investment will decrease.  A return of capital is not taxable to the investor, but will generally reduce the adjusted cost base of the securities held for tax purposes. Distributions are paid as a result of capital gains realized by an ETF, and income and dividends earned by an ETF are taxable to the investor in the year they are paid. The investor's adjusted cost base will be reduced by the amount of any returns of capital. If the investor's adjusted cost base goes below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions, if any, for tax purposes, (such as dividends/other income/capital gains, etc.) will not be known for certain until after the ETF's tax year-end. Therefore, investors will be informed of the tax characterization after year-end and not with each distribution if any. For tax purposes, these amounts will be reported annually by brokers on official tax statements.  Please refer to the applicable ETF distribution policy in the prospectus for more information.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

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.

SOURCE Horizons ETFs Management (Canada) Inc.

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