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An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$20.96
$0.10
0.48%
NAV
$20.9449
$0.0880
0.42%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

Horizons Short-Term U.S. Treasury Premium Yield ETF

Price
$27.04
$0.10
0.37%
NAV
$27.0305
$0.0888
0.33%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.16
$0.02
0.04%
NAV
$50.1421
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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TORONTO February 22, 2024 – 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 $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 $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 $per security, for MPAY is $per security and for LPAY is $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.

For further information:
info@horizonsetfs.com (416) 933-5745 or (866) 641-5739

 

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.