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An ETF for every investor.

CASH

Horizons High Interest Savings ETF

Price
$50.17
$0.01
0.01%
NAV
$50.1669
$0.0057
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$9.60
$-0.25
-2.54%
NAV
$9.5906
$-0.1586
-1.63%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.17
$0.02
0.18%
NAV
$11.2092
$-0.0103
-0.09%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
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TORONTO – November 23, 2022 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the distribution amounts per security (the “Distributions”) for its suite of covered call exchange traded funds (the “ETFs”), for the period ending November 30, 2022, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be November 29, 2022, for all securityholders of record on November 30, 2022. 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 December 12, 2022.

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

ETF Name Ticker Symbol Current Month
Distribution Rate
NAV Change from
Prior Month(1)
Current Month
Yield(2)
Prior Month
Yield(3)
Absolute Change in
Yield from Prior Month(4)
Horizons Canadian Large Cap Equity Covered Call ETF CNCC $0.09173 6.49% 8.50% 9.46% -0.96%
Horizons Canadian Oil and Gas Equity Covered Call ETF ENCC $0.14135 7.36% 13.50% 15.52% -2.02%
Horizons Gold Producer Equity Covered Call ETF GLCC $0.20815 12.94% 10.29% 11.89% -1.60%
Horizons Equal Weight Canadian Bank Covered Call ETF BKCC $0.10185 7.69% 7.51% 8.07% -0.56%
Horizons NASDAQ-100 Covered Call ETF QQCC $0.11497 1.96% 14.21% 14.52% -0.31%
Horizons US Large Cap Equity Covered Call ETF(5) USCC.U $0.13171 5.36% 12.51% 14.03% -1.52%
USCC $0.13171 3.31% 12.51% 14.03% -1.52%
Horizons Gold Yield ETF HGY $0.04661 3.87% 6.04% 6.12% -0.08%

(1) Based on the period from October 21, 2022 to November 22, 2022, where the prior month’s NAV (net asset value) per security is adjusted to include the prior month’s distribution.
(2) Annualized and based on the applicable November 22, 2022 NAV per security, which is available at www.HorizonsETFs.com.
(3) Annualized and based on the applicable October 21, 2022 NAV per security, which is available at www.HorizonsETFs.com.
(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 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 $0.17616 per security. For securityholders who hold the Canadian dollar-traded USCC, distribution payments will typically be converted to Canadian dollars by the securityholder’s account holder.

Each ETF does not have a fixed distribution but pays distributions monthly. The amount of monthly cash distributions are 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.

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 $21 billion of assets under management and 107 ETFs listed on major Canadian stock exchanges.

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