TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the launch of the Hamilton U.S. T-Bill YIELD MAXIMIZER™ ETF ("HBIL"). HBIL seeks to deliver attractive monthly income, while providing exposure primarily, directly or indirectly, to shorter-term U.S. Treasury securities. To supplement distribution income earned on its holdings, mitigate risk and reduce volatility, HBIL will employ an actively managed covered call overlay.
HBIL has closed the offering of its initial CDN$ Hedged Units and US$ Unhedged Units. The Units of the ETF will begin trading on Monday, September 16, 2024 on the Toronto Stock Exchange ("TSX"), with the CDN$ Hedged Units trading under the ticker symbol "HBIL" and the US$ Unhedged Units trading under the ticker symbol “HBIL.U”.
“With a focus on U.S. T-bills, HBIL is another exciting addition to our popular YIELD MAXIMIZER™ suite of ETFs and, in our view, is a natural complement to our longer-term Hamilton U.S. Bond YIELD MAXIMIZER™ ETF (HBND/HBND.U). HBIL combines the strength and security of shorter-term U.S. government securities with the higher income potential of covered calls, providing investors with a higher yielding alternative to consider for their cash and fixed income investments,” said Pat Sommerville, Senior Partner and Co-President at Hamilton ETFs.
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.
