TORONTO, Dec. 31, 2021 /CNW/ - Horizons ETFs
Management (Canada)
Inc. ("Horizons ETFs") confirmed today the annual
non-cash distributions (the "Non-Cash Distributions") to
unitholders of certain of the exchange traded funds (the
"ETFs") that it manages for the 2021 tax year as indicated
in the table below. Please note that this is a further update to
the estimated annual Non-Cash Distributions previously announced on
December 7, 2021, and updated on
December 22, 2021.
The record date for Non-Cash Distributions is December 31, 2021. The nominal payment date
applied to the Non-Cash distributions will be January 13, 2022, though in actuality there will
be no physical payment made as would be the case with cash
distributions. In early 2022, the tax characteristics of all
distributions for 2021 for the ETFs will be reported to brokers via
the CDS Clearing and Depository Services Inc. ("CDS") and will
be posted on our website shortly thereafter.
|
ETF
Name
|
Ticker
Symbol
|
Final
Confirmed
Annual Non-
Cash Distribution
per
Unit
|
Final
Non-Cash
Distribution
As a %
of
Dec. 30,
2021
NAV
|
Estimated
Annual Non-
Cash
Distribution per
Unit announced
on Dec. 22, 2021
|
|
Horizons Industry 4.0
Index ETF (1)
|
FOUR
|
$4.44899
|
7.88%
|
$4.44903
|
|
Horizons Global BBIG
Technology ETF (2)
|
BBIG
|
$2.78331
|
10.17%
|
$2.78331
|
|
BBIG.U
|
$2.78331
|
10.17%
|
$2.78331
|
|
Horizons Active Cdn
Dividend ETF (3)
|
HAL
|
$0.24837
|
1.25%
|
$0.25052
|
|
Horizons Pipelines
& Energy Services Index ETF (4)
|
HOG
|
$0.21698
|
2.49%
|
$0.21697
|
|
Horizons Inovestor
Canadian Equity Index ETF (5)
|
INOC
|
$0.28596
|
2.21%
|
$0.28595
|
|
Horizons Big Data
& Hardware Index ETF (6)
|
HBGD
|
$8.94486
|
32.47%
|
$8.94486
|
|
HBGD.U
|
$8.94486
|
32.47%
|
$8.94486
|
As disclosed above, the final determination of the nature of
these Non-Cash Distributions will be reported to brokers via CDS in
early 2022. The expected nature of the Non-Cash
Distributions for each of the ETFs in the table above is as
follows:
|
(1)
|
Horizons Industry 4.0
Index ETF (FOUR) – 100% capital gains.
|
|
|
|
(2)
|
Horizons Global BBIG
Technology ETF (BBIG/BBIG.U) – 88% capital gains, 12% income.
Please note that distributions
for BBIG are declared and paid in Canadian dollars, including those
listed under the U.S. dollar traded ticker BBIG.U. The
approximate U.S. dollar equivalent distribution rate for BBIG.U is
$2.18359 per unit. For unitholders who hold the U.S.
dollar traded BBIG.U, distribution payments will typically be
converted to U.S. dollars by the unitholder's account
holder.
|
|
|
|
(3)
|
Horizons Active Cdn
Dividend ETF (HAL) – 100% capital
gains.
|
|
|
|
(4)
|
Horizons Pipelines
& Energy Services Index ETF (HOG) – 100% capital
gains.
|
|
|
|
(5)
|
Horizons Inovestor
Canadian Equity Index ETF (INOC) – 100% capital gains
|
|
|
|
(6)
|
Horizons Big Data
& Hardware Index ETF (HBGD/HBGD.U) – 97% capital gains, 3%
income. Please note that
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 $7.01750 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.
|
Each of the ETFs is required to distribute any net income and
capital gains that they have earned in the year. The annual
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 for the respective
ETF. The nature of the Non-Cash Distributions for the respective
ETFs as either income or capital gains is disclosed in the
footnotes to the table below. 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 above amounts do not include the cash
distributions announced on December 22,
2021.
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 $20 billion of
assets under management and 104 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.