HORIZONS ETFS ANNOUNCES MAY 2023 DISTRIBUTIONS FOR CERTAIN ETFS

TORONTO, May 24, 2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the distribution amounts per security (the "Distributions") for certain of its exchange traded funds (the "ETFs"), for the period ending May 31, 2023, as indicated in the tables below.

The ex-dividend date for the following Distributions is anticipated to be May 30, 2023. 

ETF Name	Ticker Symbol	Distribution per Security	Annualized Yield^*	Frequency
Horizons Active Corporate Bond ETF	HAB	$0.03258	4.05 %	Monthly
Horizons Active Cdn Bond ETF	HAD	$0.02319	3.15 %	Monthly
Horizons Active Global Fixed Income ETF	HAF	$0.03232	5.60 %	Monthly
Horizons Active Hybrid Bond and Preferred Share ETF	HYBR	$0.03481	5.58 %	Monthly
Horizons Active Ultra-Short Term Investment Grade Bond ETF	HFR	$0.04468	5.49 %	Monthly
Horizons Active Cdn Municipal Bond ETF	HMP	$0.02573	3.34 %	Monthly
Horizons Active Preferred Share ETF	HPR	$0.03497	5.74 %	Monthly
Horizons Active Floating Rate Senior Loan ETF	HSL	$0.04794	6.46 %	Monthly
Horizons Active Ultra-Short Term US Investment Grade Bond ETF^(1)	HUF.U	$0.03727	4.54 %	Monthly
	HUF	$0.03727	4.54 %	Monthly
Horizons Active High Yield Bond ETF	HYI	$0.04250	6.69 %	Monthly
Horizons Tactical Absolute Return Bond ETF	HARB.J	$0.03800	5.18 %	Monthly
Horizons Active ESG Corporate Bond ETF	HAEB	$0.02930	4.07 %	Monthly
Horizons Canadian Utility Services High Dividend Index ETF	UTIL	$0.07400	3.95 %	Monthly

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

ETF Name	Ticker Symbol	Distribution per Security	Annualized Yield^*	Frequency
Horizons High Interest Savings ETF	CASH	$0.22499	5.38 %	Monthly
Horizons 0-3 Month T-Bill ETF^(2)	CBIL	$0.26562	6.35 %	Monthly
Horizons 0-3 Month U.S. T-Bill ETF^(3)	UBIL.U	$0.29821	7.12 %	Monthly

The record date for all ETFs will be May 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 June 7, 2023.

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

_{* Based on distribution per security annualized for frequency divided by the applicable May 23, 2023 net asset value per security, which is available at www.HorizonsETFs.com.}

^(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 $0.05033 per security. For securityholders who hold the Canadian dollar-traded HUF, distribution payments will typically be converted to Canadian dollars by the securityholder's account holder.
^(2)	The securities of Horizons 0-3 Month T-Bill ETF began trading on April 13, 2023. The distribution amount shown above represents the period since inception.
^(3)	The securities of Horizons 0-3 Month U.S. T-Bill ETF began trading on April 13, 2023.  Distributions for the Horizons 0-3 Month U.S. T-Bill ETF are declared and paid in U.S. dollars. The distribution amount shown above represents the period since inception.

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 $25 billion of assets under management and 107 ETFs listed on major Canadian stock exchanges.

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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