Generic filters
Search in excerpt

An ETF for every investor.


Horizons High Interest Savings ETF



Fixed Income

Fact Sheet
Learn more about CASH


Horizons NASDAQ-100 Covered Call ETF



Covered Call

Fact Sheet
Learn more about QQCC


Horizons ReSolve Adaptive Asset Allocation ETF



Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
Explore All Products
Generic filters
Search in excerpt
Back to Media

Horizons ETFs Announces February 2023 Distributions for its Covered Call ETFs

TORONTO – February 21, 2023 – 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 February 28, 2023, as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be February 27, 2023, for all securityholders of record on February 28, 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 March 7, 2023.

Horizons ETFs has made an additional announcement regarding the February 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
Prior Month
Absolute Change in
Yield from Prior Month(4)
Horizons Canadian Large Cap Equity Covered Call ETF CNCC $0.10000 0.10% 9.40% 9.34% 0.06%
Horizons Canadian Oil and Gas Equity Covered Call ETF ENCC $0.13000 -4.56% 14.06% 13.27% 0.79%
Horizons Gold Producer Equity Covered Call ETF GLCC $0.22000 -12.43% 11.17% 9.71% 1.46%
Horizons Equal Weight Canadian Bank Covered Call ETF BKCC $0.10000 3.24% 7.38% 7.57% -0.19%
Horizons NASDAQ-100 Covered Call ETF QQCC $0.10750 3.70% 13.04% 13.37% -0.33%
Horizons US Large Cap Equity Covered Call ETF(5) USCC.U $0.12000 1.18% 11.48% 11.50% -0.02%
USCC $0.12000 1.94% 11.48% 11.50% -0.02%
Horizons Gold Yield ETF HGY $0.05000 -4.11% 6.32% 6.03% 0.29%

(1) Based on the period from January 23, 2023 to February 17, 2023, 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 February 17, 2023 NAV per security, which is available at
(3) Annualized and based on the applicable January 23, 2023 NAV per security, which is available at
(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 $0.16172 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 pays distributions monthly. The amount of monthly cash distributions may 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

About Horizons ETFs Management (Canada) Inc. (

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 $24 billion of assets under management and 107 ETFs listed on major Canadian stock exchanges.

For further information:
(416) 933-5745 or (866) 641-5739

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.

Covered Call Distributions

Get Horizons insights in your inbox

"*" indicates required fields

Please select whether you are an…*
* Indicates required field

Related Posts

At Horizons ETFs, we believe in education as empowerment. We endeavor to equip Canadian investors with the knowledge and tools they need to navigate the investing world. From the ETF basics to more complex topics like how our suite of inverse and leveraged funds work, our comprehensive learning library aims to be accessible for all investors, from beginners to experienced traders!