Horizons ETFs has announced the November 2023 distributions for its suite of ETFs. The distributions will be paid in cash or reinvested in additional securities for those enrolled in the dividend reinvestment plan. The distributions for the Horizons Active Ultra-Short Term US Investment Grade Bond ETF will be declared and paid in U.S. dollars, with a Canadian dollar equivalent distribution rate of $0.05477 per security. The Horizons US Large Cap Equity Covered Call ETF will also have distributions declared and paid in U.S. dollars, with a Canadian dollar equivalent distribution rate to be determined. The Horizons Short-Term U.S. Treasury Premium Yield ETF, Horizons Mid-Term U.S. Treasury Premium Yield ETF, and Horizons Long-Term U.S. Treasury Premium Yield ETF will have distributions declared and paid in U.S. dollars, with Canadian dollar equivalent distribution rates of $0.17117, $0.20540, and $0.23964 per security, respectively. Horizons ETFs is a subsidiary of the Mirae Asset Financial Group and offers a range of solutions for investors. This announcement is for informational purposes only and does not constitute investment advice.
Horizons ETFs has launched its Premium Yield Suite on the Toronto Stock Exchange (TSX) [2d8953e5]. The suite offers a range of solutions designed to meet the investment objectives of income-seeking investors. With the current focus on generating yield, these ETFs provide an attractive option for those looking to generate income. The Premium Yield Suite includes ETFs that offer exposure to various asset classes such as U.S. treasuries and dividend-paying stocks. These ETFs are designed to provide duration exposure and generate monthly distributions for investors. By offering a diversified portfolio of income-generating assets, the Premium Yield Suite aims to provide investors with consistent income while managing risk. The suite's ETFs are managed by a team of experienced professionals who employ a disciplined investment approach. Investors can now access the Horizons ETFs Premium Yield Suite on the TSX, providing them with an opportunity to enhance their portfolio's income potential while maintaining a level of diversification [2d8953e5].
SoFi Invest has also introduced an Enhanced Yield ETF to provide investors with a new income source [9157dcca]. The fund distributes monthly distributions via a portfolio of short-term Treasury Bills and implements a data-driven options overlay strategy. The ETF aims to diversify portfolios by introducing options-powered income strategies. SoFi is a member-centric financial services platform that offers a suite of products and services to help its members achieve financial independence. The company innovates across three business segments: Lending, Financial Services, and Technology Platform. SoFi Bank, N.A. is an affiliate of SoFi and is a nationally chartered bank regulated by the OCC and FDIC.
Both the Horizons ETFs Premium Yield Suite and the SoFi Invest Enhanced Yield ETF cater to income-seeking investors by providing them with opportunities to generate income through diversified portfolios and innovative strategies. These ETFs aim to meet the investment objectives of income-seeking investors while managing risk and maintaining a level of diversification.
Harvest Portfolios Group Inc. has announced increases to the monthly cash distribution amounts for the Harvest ETFs. The new monthly cash distribution amounts will take effect for the July 31, 2024 record date with a payable date of August 9, 2024. The increase to the distribution amounts is intended to provide a reasonable and sustainable distribution yield for unitholders of the ETFs while continuing to provide the opportunity for long-term capital appreciation through exposure to the investment mandate of each of the ETFs. Harvest takes pride in their ETFs' long-term record of steady monthly cash distributions and the increases are an important part of the ETFs' total return to unitholders. The Harvest Healthcare Leaders Income ETF has paid out $450 million (CAD) of steady monthly cash distributions as of May 31, 2024. Details of the increase to the monthly cash distribution amounts for the Harvest ETFs are provided in the article. Harvest has established a Distribution Reinvestment Plan (DRIP) for the Harvest ETFs, allowing investors to easily benefit from compounding their distributions on a monthly basis. For additional information, visit www.harvestportfolios.com or contact Harvest ETFs directly. [7ef3024d]