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. These amounts do not include the regular monthly or quarterly cash distributions, as applicable, announced on
The ex-dividend date for these distributions was
ETF Name | Ticker | Final per Unit | Final Non-Cash As a % of Dec. 30, 2019 | Estimated |
Horizons Industry 4.0 Index ETF (1) | FOUR | 5.43% | ||
HAC | 4.64% | |||
Horizons Active Cdn Dividend ETF (3) | HAL | 2.26% | ||
Horizons Active US Dividend ETF (4) | HAU | 2.00% | ||
HAU.U | 2.00% | |||
HAZ | 2.98% | |||
Horizons Global Risk Parity ETF (6) | HRA | 5.76% | ||
Horizons Active A.I. Global Equity ETF (7) | MIND | 0.81% |
As disclosed above, the final determination of the nature of these Non-Cash Distributions will be reported to brokers via CDS in early 2020. 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) – 99% capital gains, 1% income. |
(2) | |
(3) | Horizons Active Cdn Dividend ETF (HAL) – 100% capital gains. |
(4) | Horizons Active US Dividend ETF (HAU/HAU.U) – 100% capital gains. Please note that distributions for Horizons Active US Dividend ETF are declared and paid in Canadian dollars, including those listed under the |
(5) | |
(6) | Horizons Global Risk Parity ETF (HRA) – 100% capital gains. |
(7) | Horizons Active A.I. Global Equity ETF (MIND) – 100% capital gains. |
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Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by
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