Horizons Announces February 2018 Distributions for its Covered Call ETFs

TORONTO, Feb. 21, 2018 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the distribution amounts per unit (the "Distributions") for the Horizons ETFs suite of covered call exchange traded funds (the "ETFs"), for the period ending February 28, 2018, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be February 27, 2018, for all unitholders of record on February 28, 2018. The Distributions for units of each ETF will be paid in cash or, if the unitholder has enrolled in the respective ETF's dividend reinvestment plan ("DRIP"), reinvested in additional units of the applicable ETF, on or about March 12, 2018.

⁽¹⁾ Based on the period from January 23, 2018 to February 20, 2018, where the prior month's NAV (net asset value) per unit is adjusted to include the prior month's distribution.
⁽²⁾ Annualized and based on the applicable February 20, 2018 NAV per unit, which is available at www.HorizonsETFs.com.
⁽³⁾ Annualized and based on the applicable January 23, 2018 NAV per unit, 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 Enhanced Income US Equity (USD) ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HEA. The approximate Canadian dollar equivalent distribution rate for HEA is $0.07134 per unit. For unitholders who hold the Canadian dollar-traded HEA, distribution payments will typically be converted to Canadian dollars by the unitholder's account holder.

Each ETF does not have a fixed distribution but pays distributions monthly. Distribution rates are generally based on the average current volatility of the securities held by the ETF, along with any dividend income received, less expenses payable by the ETF. The amount of monthly cash distributions are expected to fluctuate from month to month, and there can be no assurance that an ETF will make any distributions in any particular month or months. Monthly distributions will be paid in cash, unless the investor has chosen to participate in the ETF's reinvestment plan.

For further information regarding the Distributions, please visit www.HorizonsETFs.com.

About Horizons ETFs Management (Canada) Inc.

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 suite 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 currently has more than $9.9 billion of assets under management and 82 ETFs listed on the Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

SOURCE Horizons ETFs Management (Canada) Inc.