Horizons USA Announces $0.39 September 2015 Distribution For HSPX

NEW YORK, Sept. 29, 2015 /PRNewswire/ -- Horizons ETFs Management (USA) LLC ("Horizons USA") is pleased to announce the monthly distribution for the Horizons S&P 500® Covered Call ETF ("HSPX" or the "ETF") in the amount of $0.39641 per share. The ex-dividend date for the distribution will be September 23, 2015 and will be paid on or about October 7, 2015 to all shareholders of record on September 25, 2015. 

HSPX distributed $0.37 per share unit during the previous monthly distribution, which occurred on September 10, 2015.

HSPX generally seeks to provide exposure to the performance of the S&P 500® Stock Covered Call Index (the "Underlying Index") and will make monthly distributions of its net investment income (including any net short-term capital gains recognized in connection with the ETF's equity call option activities). Horizons USA has an exclusive agreement with Standard & Poor's to offer an ETF in the U.S. based on the Underlying Index. 

For further information regarding the distribution please visit http://www.horizonsetfs.com/.

Shares of the Horizons-branded exchange-traded funds (the "Funds") may be purchased or sold in the secondary market throughout the regular trading day on the New York Stock Exchange (NYSE) through a brokerage account. However, shares are not individually redeemable directly from the Funds; shares may only be redeemed directly from the Funds by Authorized Participants in very large Creation/Redemption Units.

Past Performance is not indicative of future results. Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.HorizonsETFs.com/USA. Please read the prospectus carefully before you invest. Distributor: Foreside Fund Services, LLC.

There are risks involved with investing, including possible loss of principal. The Funds are non-diversified and may invest a greater portion of their assets in securities of a small number of issuers which may have an adverse effect on Fund performance. Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect that industry or sector. The Funds risk not benefiting from potential increases in the value of underlying securities above the exercise prices of the written covered call options, and are subject to the risk of declines in the value of such securities. Each sector fund is subject to its own specific risk factors. See prospectus for specific risks regarding each Fund and sector.

An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium.

The Horizons ETFs Group (www.HorizonsETFs.com)

The Horizons ETFs Group consists of innovative financial services companies offering regional families of ETFs in Canada, Korea, Hong Kong, Australia, and the United States. Currently, all of the ETFs offered by these companies use the Horizons ETFs brand with the exception of the 'BetaShares' family of ETFs in Australia and the 'TIGER ETFs' family in Korea. With approximately $7 billion in assets under management and 180 ETF listings worldwide, the Horizons ETFs Group makes up one of the largest collective families of ETFs in the world. All of the Horizons ETFs Group companies and affiliates are subsidiaries of Mirae Asset Global Investments Co., Ltd.

Mirae Asset Global Investments (www.MiraeAsset.com)

Mirae Asset Global Investments is a global investment management firm with offices located in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the United Kingdom, the United States and Vietnam. With approximately 560 employees, including 133 investment professionals, the firm manages over $57 billion in assets globally through a diversified platform to offer market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies, including real estate, private equity and hedge funds.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/horizons-usa-announces-039-september-2015-distribution-for-hspx-300150443.html

SOURCE The Horizons ETFs Group

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