TORONTO – December 22, 2020 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the distribution amounts per unit (the “Distributions”) for certain of its exchange traded funds (the “ETFs”), for the 2020 tax year end, as indicated in the table below.
Each ETF is required to distribute any net income and capital gains that they have earned in the year. All of the Distributions indicated as “Cash Distribution per Unit” in the table (the “Cash Distributions”) will be paid in cash unless the unitholder has enrolled in the dividend reinvestment plan (“DRIP”) of the respective ETF.
The estimated annual non-cash Distributions, indicated as “Reinvested Annual Non-Cash Distributions per Unit (Est.)” in the table (the “Non-Cash Distributions”), will not be paid in cash but will be reinvested and reported as taxable Distributions and will be used to increase each unitholder’s adjusted cost base of their units of the respective ETF. The Non-Cash Distributions will be reinvested automatically in additional units of the respective ETFs and immediately consolidated so that the number of units held by the unitholder, the units outstanding of the ETFs and the net asset value of the ETFs will not change as a result of the Non-Cash Distributions. The annual Non-Cash Distribution rates in the table below are presented on an estimated basis. A press release confirming the final annual Non-Cash Distribution rates will be disseminated on or about the record date of the Distributions.
The ex-dividend date for the Cash Distributions is anticipated to be December 30, 2020. The record date for both the Cash and Non-Cash Distributions will be December 31, 2020. The Cash 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 January 13, 2021. The nominal payment date applied to the Non-Cash Distributions will also be January 13, 2021, though in actuality there will be no physical payment made as would be the case with the Cash Distributions.
Horizons ETFs has made an additional announcement regarding the December distributions for its family of covered call ETFs in a separate press release.
| Ticker Symbol |
Cash Distribution per Unit |
Annualized Yield* |
Frequency | Reinvested Non-Cash Income Distribution per Unit (Est.) |
Estimated Non-Cash Distribution as % of NAV |
| MIND | – | – | Annually | $0.58464 | 2.19% |
| RBOT(1) | $0.05573 | 0.17% | Annually | – | – |
| RBOT.U(1) | $0.05573 | 0.17% | Annually | – | – |
| HBGD(2) | $0.16789 | 0.34% | Annually | $1.10861 | 2.24% |
| HBGD.U(2) | $0.16789 | 0.34% | Annually | $1.10861 | 2.24% |
| FOUR | – | – | Annually | $6.71648 | 14.37% |
| HURA | $0.08720 | 0.69% | Annually | – | – |
| HBAL | $0.00492 | 0.04% | Annually | – | – |
| HCON | $0.09850 | 0.79% | Annually | – | – |
| HGRO | $0.17219 | 1.40% | Annually | – | – |
| HAJ | $0.04933 | 1.51% | Quarterly | – | – |
| HAL | $0.14463 | 3.45% | Quarterly | – | – |
| HAU(3) | $0.03713 | 1.01% | Quarterly | – | – |
| HAU.U(3) | $0.03713 | 1.01% | Quarterly | – | – |
| HAZ | $0.12261 | 2.01% | Quarterly | $0.22884 | 0.94% |
| HCN | $0.31278 | 6.16% | Quarterly | – | – |
| HII | $0.04645 | 1.49% | Quarterly | – | – |
| HMMJ(4) | $0.01693 | 0.81% | Quarterly | – | – |
| HMMJ.U(4) | $0.01693 | 0.81% | Quarterly | – | – |
| HOG | $0.08977 | 5.22% | Quarterly | – | – |
| INOC | $0.05128 | 1.88% | Quarterly | – | – |
| ETHI | $0.10406 | 1.01% | Quarterly | – | – |
| HMUS(5) | $0.07390 | 1.28% | – | – | – |
| HMUS.U(5) | $0.07390 | 1.28% | – | – | – |
| HAB | $0.02869 | 3.00% | Monthly | – | – |
| HAD | $0.01841 | 2.02% | Monthly | $0.11752 | 1.07% |
| HAF | $0.01875 | 2.93% | Monthly | – | – |
| HEMB | $0.03300 | 3.91% | Monthly | – | – |
| HFP | $0.03472 | 5.17% | Monthly | – | – |
| HFR | $0.02101 | 2.48% | Monthly | – | – |
| HMP | $0.01867 | 2.20% | Monthly | – | – |
| HPR | $0.03563 | 5.24% | Monthly | – | – |
| HSL | $0.01882 | 2.42% | Monthly | – | – |
| HUF.U(6) | $0.02051 | 2.43% | Monthly | – | – |
| HUF(6) | $0.02051 | 2.43% | Monthly | – | – |
| HYI | $0.04646 | 6.09% | Monthly | – | – |
* Based on the applicable December 21, 2020, net asset value per unit, which is available at www.HorizonsETFs.com.
(1) Distributions for Horizons Robotics and Automation Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker RBOT.U. The approximate U.S. dollar equivalent distribution rate for RBOT.U is $0.04336 per unit. For unitholders who hold the U.S. dollar traded RBOT.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.
(2) Distributions for Horizons Big Data & Hardware Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HBGD.U. The approximate U.S. dollar equivalent distribution rate for HBGD.U is $0.13062 per unit. For unitholders who hold the U.S. dollar traded HBGD.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.
(3) Distributions for Horizons Active US Dividend ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HAU.U. The approximate U.S. dollar equivalent of the cash distribution rate for HAU.U is $0.02889 per unit. For unitholders who hold the U.S. dollar traded HAU.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.
(4) Distributions for Horizons Marijuana Life Sciences Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HMMJ.U. The approximate U.S. dollar equivalent distribution rate for HMMJ.U is $0.01317 per unit. For unitholders who hold the U.S. dollar traded HMMJ.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder.
(5) Distributions for Horizons US Marijuana Index ETF are declared and paid in Canadian dollars, including those listed under the U.S. dollar traded ticker HMUS.U. The approximate U.S. dollar equivalent distribution rate for HMUS.U is $0.05750 per unit. For unitholders who hold the U.S. dollar traded HMUS.U, distribution payments will typically be converted to U.S. dollars by the unitholder’s account holder. Distributions are being reviewed at least quarterly but they are declared at the discretion of Horizons ETFs and may not be announced with a set frequency.
(6) Distributions for the Horizons Active Ultra-Short Term US Investment Grade Distributions 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 $0.02636 per unit. For unitholders who hold the Canadian dollar-traded HUF, distribution payments will typically be converted to Canadian dollars by the unitholder’s account holder.
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 $16 billion of assets under management and 93 ETFs listed on major Canadian stock exchanges.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.
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