10:49:57 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Horizons Enhanced Income Energy ETF (2)
Symbol HEE
Shares Issued 2,047,249
Close 2019-05-24 C$ 8.09
Market Cap C$ 16,562,244
Recent Sedar Documents

Horizons ETFs to pay May distributions June 12

2019-05-24 17:20 ET - News Release

See News Release (C-HEX) Horizons Enhanced Income Equity ETF

Mr. Martin Fabregas reports

HORIZONS ETFS ANNOUNCES MAY 2019 DISTRIBUTIONS FOR ITS COVERED CALL ETFS

Horizons ETFs Management (Canada) Inc. has declared the distribution amounts per unit for its suite of covered call exchange-traded funds (ETFs), for the period ending May 31, 2019, as indicated in the attached table.

The ex dividend date for the distributions is anticipated to be May 30, 2019, for all unitholders of record on May 31, 2019. The distributions for units of each ETF 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 June 12, 2019.

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

ETF name                       Ticker   Current-month  NAV change from  Current-month   Prior-month   Absolute change
                               symbol    distribution   prior month (1)      yield (2)     yield (3)    in yield from
                                                 rate                                                  prior month (4)
Horizons Enhanced Income
Equity ETF                        HEX        $0.02716            -3.90%          5.05%         5.03%             0.02%
Horizons Enhanced Income
Energy ETF                        HEE        $0.04045           -14.53%          6.02%         6.01%             0.01%
Horizons Enhanced Income
Gold Producers ETF                HEP        $0.09958            -2.92%          5.32%         5.30%             0.02%
Horizons Enhanced Income
Financials ETF                    HEF        $0.03830            -1.48%          5.55%         5.45%             0.10%
Horizons Enhanced Income
International Equity ETF          HEJ        $0.03054            -1.73%          6.50%         6.67%            -0.17%
Horizons Enhanced Income U.S.
Equity (USD) ETF (5)            HEA.U        $0.04822            -3.09%          5.05%         5.02%             0.03%
                                  HEA        $0.04822            -2.15%          5.05%         5.02%             0.03%
Horizons Gold Yield ETF           HGY        $0.01645             0.66%          4.30%         4.30%             0.00%
Horizons Natural Gas Yield ETF    HNY        $0.05977            -0.32%          6.25%         6.80%            -0.55%

(1) Based on the period from April 22, 2019, to May 23, 2019, where the prior month's NAV (net asset value) per unit
    is adjusted to include the prior month's distribution
(2) Annualized and based on the applicable May 23, 2019, NAV per unit, which is available on the Horizons ETFs
    website
(3) Annualized and based on the applicable April 22, 2019, NAV per unit, which is available on the Horizons ETFs
    website
(4) The absolute change of the prior month's previously announced annualized distribution yield, to the current
    month's annualized distribution yield
(5) Distributions for the Horizons Enhanced Income U.S. Equity (USD) ETF are declared and paid in U.S. dollars,
    including those listed under the Canadian-dollar-traded ticker HEA. The approximate Canadian-dollar equivalent
    distribution rate for HEA is 6.499 cents per unit. For unitholders who hold the Canadian-dollar-traded HEA,
    distribution payments will typically be converted to Canadian dollars by the unitholder's accountholder.

Each ETF does not have a fixed distribution but pays distributions monthly. Distribution rates are generally based on the average current volatility of the securities held by the ETF, along with any dividend income received, less expenses payable by the ETF. The amount of monthly cash distributions is expected to fluctuate from month to month, and there can be no assurance that an ETF will make any distributions in any particular month or months. Monthly distributions will be paid in cash, unless the investor has chosen to participate in the ETF's reinvestment plan.

For further information regarding the distributions, please visit the Horizons ETFs website.

About Horizons ETFs Management (Canada) Inc.

Horizons ETFs Management (Canada) 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 $10-billion of assets under management and 90 ETFs listed on major Canadian stock exchanges.

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