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.
