TORONTO, Dec. 7, 2021 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") announced today the estimated non-cash distributions
(the "Non-Cash Distributions") to unitholders of certain
exchange traded funds (the "ETFs") it manages for the 2021
tax year as indicated in the table below. Those ETFs managed by
Horizons ETFs not listed in the table are not expected to have
Non-Cash Distributions for the 2021 tax year.
Please note that these are estimated amounts only as of
December 6, 2021. Circumstances may
arise which could cause these estimates to change before the ETFs'
applicable tax year ends on December 15,
2021.
Each ETF is required to distribute any net income and capital
gains it has earned during the year. The Non-Cash Distributions
will be automatically reinvested in additional units of the
respective ETFs and immediately consolidated so that the number of
units held by the unitholder (the outstanding units 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 Distributions will
be reported to unitholders as taxable distributions and will
increase each unitholder's adjusted cost base for the respective
ETF. The Non-Cash Distributions may be income and/or capital gains
in nature. These estimated amounts are for the Non-Cash
distributions only and do not include any estimates of the regular
monthly or quarterly cash distributions, as applicable, including
income and capital gains amounts that may form a part of the
monthly and/or quarterly distributions.
Horizons ETFs expects to announce the final year-end Non-Cash
Distribution amounts, as well as any regular monthly or quarterly
cash distribution amounts, on or about December 22, 2021. The ex-dividend date for all
of these distributions (cash and non-cash) is anticipated to be
December 30, 2021, for all
unitholders of record on December 31,
2021. In early 2022, the tax characteristics of all
distributions for 2021 for the ETFs will be reported to brokers via
the Clearing and Depository Services Inc. (CDS) and will be posted
on our website shortly thereafter.
|
ETF Name
|
Ticker
Symbol
|
Estimated
Non-Cash
Distributions per Unit as of
Dec. 6, 2021
(3)
|
Net Asset Value
(NAV) per Unit as of
Dec. 6, 2021
|
Estimated
Non-Cash
Distributions as a % of NAV
as of
Dec. 6,
2021
|
|
Horizons Active Cdn
Dividend ETF
|
HAL
|
0.055
|
19.5336
|
0.28%
|
|
Horizons Big Data &
Hardware Index ETF (1)
|
HBGD/
HBGD.U
|
9.724
|
28.1131
|
34.59%
|
|
Horizons Global BBIG
Technology ETF (2)
|
BBIG/
BBIG.U
|
0.972
|
26.9954
|
3.60%
|
|
Horizons Global Lithium
Producers Index ETF
|
HLIT
|
0.056
|
35.5039
|
0.16%
|
|
Horizons Global
Sustainability Leaders Index ETF
|
ETHI
|
0.166
|
49.0401
|
0.34%
|
|
Horizons Industry 4.0
Index ETF
|
FOUR
|
3.014
|
54.6778
|
5.51%
|
|
Horizons Inovestor
Canadian Equity Index ETF
|
INOC
|
0.291
|
12.6939
|
2.29%
|
|
Horizons Pipelines
& Energy Services Index ETF
|
HOG
|
0.179
|
8.5839
|
2.09%
|
|
Horizons Seasonal
Rotation ETF
|
HAC
|
0.149
|
25.3719
|
0.59%
|
|
(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 of HBGD.U, distribution
payments will typically be converted to U.S. dollars by the
unitholder's account holder.
|
|
(2)
|
Distributions for
Horizons Global BBIG Technology ETF are declared and paid in
Canadian dollars, including those listed under the U.S. dollar
traded ticker BBIG.U. For unitholders of BBIG.U, distribution
payments will typically be converted to U.S. dollars by the
unitholder's account holder.
|
|
(3)
|
Distributions for all
of the ETFs listed in the table are expected to be capital gains 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 $20.7 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.