HORIZONS ETFS ANNOUNCES JULY 2023 DISTRIBUTIONS FOR ITS SUITE OF ETFs

TORONTO, July 24, 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 July 31, 2023, as indicated in the tables below.

The ex-dividend date for the following Distributions is anticipated to be July 28, 2023. 

ETF Name	Ticker Symbol	Distribution per Security	Frequency
Horizons Active Corporate Bond ETF	HAB	$0.03200	Monthly
Horizons Active Cdn Bond ETF	HAD	$0.02300	Monthly
Horizons Active Global Fixed Income ETF	HAF	$0.03300	Monthly
Horizons Active Hybrid Bond and Preferred Share ETF	HYBR	$0.03500	Monthly
Horizons Active Ultra-Short Term Investment Grade Bond ETF	HFR	$0.04900	Monthly
Horizons Active Cdn Municipal Bond ETF	HMP	$0.02500	Monthly
Horizons Active Preferred Share ETF	HPR	$0.03600	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	$0.04100	Monthly
	HUF	$0.04100	Monthly
Horizons Active High Yield Bond ETF	HYI	$0.04200	Monthly
Horizons Tactical Absolute Return Bond ETF	HARB.J	$0.03700	Monthly
Horizons Active ESG Corporate Bond ETF	HAEB	$0.02900	Monthly
Horizons Canadian Utility Services High Dividend Index ETF	UTIL	$0.07600	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^(3)	BNKL	$0.10100	Monthly
Horizons Enhanced Equal Weight Canadian Banks Covered Call ETF^(3)	BKCL	$0.25700	Monthly
Horizons Enhanced S&P/TSX 60 Index ETF^(3)	CANL	$0.07100	Monthly
Horizons Enhanced Canadian Large Cap Equity Covered Call ETF^(3)	CNCL	$0.20600	Monthly
Horizons Enhanced US Large Cap Equity Covered Call ETF^(3)	USCL	$0.23100	Monthly
Horizons Equal Weight Banks Index ETF^(3)	HBNK	$0.08700	Monthly

The ex-dividend date for the following Distributions is anticipated to be July 31, 2023.

ETF Name	Ticker Symbol	Distribution per Security	Frequency
Horizons High Interest Savings ETF	CASH	$0.22100	Monthly
Horizons 0-3 Month T-Bill ETF	CBIL	$0.19500	Monthly
Horizons 0-3 Month U.S. T-Bill ETF^(4)	UBIL.U	$0.21500	Monthly

The record date for all ETFs will be July 31, 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 August 8, 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 $0.05419 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 $0.15859 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)	The securities of Horizons Enhanced Equal Weight Banks Index ETF, Horizons Enhanced Equal Weight Canadian Banks Covered Call ETF, Horizons Enhanced S&P/TSX 60 Index ETF, Horizons Enhanced Canadian Large Cap Equity Covered Call ETF, Horizons Enhanced US Large Cap Equity Covered Call ETF and Horizons Equal Weight Banks Index ETF began trading on July 5, 2023. The distribution amount shown above represents the period since inception.
^(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 $27 billion of assets under management and 113 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.

SOURCE Horizons ETFs Management (Canada) Inc.

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