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An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.16
$0.13
0.62%
NAV
$21.1920
$0.1406
0.67%

Benchmark

Sector Equity

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SPAY

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

Price
$27.23
$-0.01
-0.04%
NAV
$27.2262
$-0.0101
-0.04%

Active

Fixed Income

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CASH

Horizons High Interest Savings ETF

Price
$50.13
$0.01
0.02%
NAV
$50.1200
$0.0065
0.01%

Benchmark

Fixed Income

Fact Sheet
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TORONTO – May 24, 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 May 31, 2023, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be May 30, 2023, for all securityholders of record on 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 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 $0.10000 -1.53% 9.79% 9.56% 0.23%
Horizons Canadian Oil and Gas Equity Covered Call ETF ENCC $0.13000 -2.46% 14.64% 14.11% 0.53%
Horizons Gold Producer Equity Covered Call ETF GLCC $0.22000 -3.67% 10.07% 9.62% 0.45%
Horizons Equal Weight Canadian Bank Covered Call ETF BKCC $0.10000 -2.24% 8.12% 7.89% 0.23%
Horizons NASDAQ-100 Covered Call ETF QQCC $0.10750 4.07% 12.24% 12.60% -0.36%
Horizons US Large Cap Equity Covered Call ETF(5) USCC.U $0.12000 0.86% 11.49% 11.48% 0.01%
USCC $0.12000 1.03% 11.49% 11.48% 0.01%
Horizons Gold Yield ETF HGY $0.05000 -1.03% 6.08% 5.99% 0.09%

 

(1) Based on the period from April 20, 2023 to May 23, 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 May 23, 2023 NAV per security, which is available at www.HorizonsETFs.com.

(3) Annualized and based on the applicable April 20, 2023 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 $0.16204 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 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.

For further information:

info@horizonsetfs.com (416) 933-5745 or (866) 641-5739