TORONTO, Dec. 7, 2020 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") announced today the estimated discretionary annual cash
distributions for the 2020 tax year (the "Cash
Distributions"), to holders of certain exchange traded funds
(the "ETFs") it manages that do not pay regular monthly or
quarterly distributions, as indicated in the table below.
Please note that these are estimated amounts only.
Circumstances may arise which could cause an ETF's estimate to
change before its tax year ends on December
15, 2020.
Horizons ETFs expects to announce the final year-end cash
distribution amounts, as well as regular monthly and quarterly cash
distribution amounts, on or about December
22, 2020. The ex-dividend date for all of these
distributions is anticipated to be December
30, 2020, for all unitholders of record on December 31, 2020. In early 2021, the tax
characteristics of all distributions for 2020 for the ETFs will be
reported to brokers via CDS Clearing and Depository Services Inc.
("CDS") and will be posted on our website shortly
thereafter.
|
ETF Name
|
Ticker
Symbol
|
Estimated
Annual
Cash
Distributions
per Unit as of
Dec. 4,
2020 (3)
|
Net Asset
Value per
Unit as of
Dec. 4, 2020
|
Estimated
Cash
Distributions
as a % of
NAV as of
Dec. 4,
2020
|
|
Horizons Balanced TRI
ETF Portfolio
|
HBAL
|
$0.006
|
$12.6614
|
0.05%
|
|
Horizons Big Data &
Hardware Index ETF (1)
|
HBGD/
HBGD.U
|
$0.174
|
$42.4215
|
0.41%
|
|
Horizons Conservative
TRI ETF Portfolio
|
HCON
|
$0.007
|
$12.4918
|
0.06%
|
|
Horizons Growth TRI ETF
Portfolio
|
HGRO
|
$0.005
|
$12.3134
|
0.04%
|
|
Horizons Global Uranium
Index ETF
|
HURA
|
$0.127
|
$10.2437
|
1.24%
|
|
Horizons Robotics and
Automation Index ETF(2)
|
RBOT/
RBOT.U
|
$0.037
|
$33.1347
|
0.11%
|
|
|
(1) 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. 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.
|
|
|
(2) 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. 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.
|
|
|
(3) Cash Distributions
for all of the ETFs listed in the table are expected to be income
in nature.
|
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.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (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.
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.
SOURCE Horizons ETFs Management (Canada) Inc.