TORONTO-Hamilton Capital Partners Inc. (“Hamilton ETFs“) is pleased to announce the launch of a US$ Unhedged Unit class of its Hamilton U.S. Bond YIELD MAXIMIZER™ETF (“HBND”). HBND seeks to deliver attractive monthly income, while providing exposure primarily to U.S. treasuries through a portfolio of bond exchange traded funds. To supplement distribution income earned on its holdings, mitigate risk and reduce volatility, HBND employs an actively managed covered call overlay.
HBND has closed the offering of its US$ Unhedged Units. Such Units will begin trading on Friday, August 23, 2024 on the Toronto Stock Exchange (“TSX”) under the ticker symbol “HBND.U”.
Concurrently, Hamilton U.S. Bond YIELD MAXIMIZER™ ETF has renamed and redesignated its existing “Class E Units”, which already trade on the TSX under the ticker symbol “HBND”, to “CDN$ Hedged Units”. The rationale for this change is to provide greater clarity of the distinction between the, now, two classes of Units of Hamilton U.S. Bond YIELD MAXIMIZER™ ETF. There are no changes to the ticker or CUSIP for this class. Further, no changes have been made to the investment objectives, strategies or management of the ETF and unitholders will not be impacted in any way owing to the renaming and redesignation.
“When we launched the Hamilton U.S. Bond YIELD MAXIMIZER™ ETF in September 2023, we were excited to augment our popular YIELD MAXIMIZERTM suite of ETFs with a fixed income option, in the form of Canada’s first covered call bond ETF1. Today, listening to the needs and wants of our clients, we are pleased to supplement HBND’s offering with a US$ Unhedged Unit. Combining the strength and security of U.S. government bonds with the higher income potential and tax-efficiency of covered calls, HBND, we continue to believe, is aptly designed for investors looking for higher yield from the longer-term, fixed income segment of their portfolios”, said Pat Sommerville, Senior Partner and Co-President at Hamilton ETFs.
For more information on HBND, HBND.U, and the rest of Hamilton ETFs’ innovative suite of ETFs, please visit www.hamiltonetfs.com.
About Hamilton ETFs
With over $5 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing ETF providers, offering a suite of innovative exchanged traded fund (ETFs) designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial services sector and Canadian banks; the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to U.S. news wire services.
1 Based on the universe of ETFs that trade on the Toronto Stock Exchange, as of September 14, 2023.
Contacts
For investor inquiries: Hamilton ETFs at (416) 941-9888, info@hamiltonetfs.com
For media inquiries: Patrick Sommerville, Senior Partner, Co-President, (416) 941-9250, psommerville@hamiltonetfs.com