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Saturday, February 12, 2011

Horizons Gold Yield Fund (HGY.UN) increased its cash distribution to 8.73%

A couple of days ago, I had received Horizons Gold Yield Fund (HGY.UN) dividend. I was expecting a 10.83$ in dividend income for the month of February 2011. But instead, I had received a good 14.40$. How come?

While reading the press release of January 20, 2011, AlphaPro Management Inc. announced a first monthly distribution of $0.0720 per unit. It's not being said in the press release, but the dividend yield had magically increased from 6.5% (which has initially announced in the public offering of Horizons Gold Yield Fund (HGY.UN)). Which mean that we slide from 6.5% to 8.73%! WOW!

This is very good because I had used margin money to invest in 200 stocks of Horizons Gold Yield Fund (HGY.UN). That's why I am sooooo happy with this dividend increase! I had been so lucky with my investments so far. I hope luck will remain on my side. It's not for nothing I wanted so badly to enter in the public offering of Horizons Gold Yield Fund (HGY.UN) after all. I knew without knowing. Thanks to TD Waterhouse, the best of all is that I didn't have to pay any commission fee in order to get my hands of the precious gold units!

From what I had experienced so far, Horizons Gold Yield Fund (HGY.UN) stock price is stable. The value the never gone below 9$ since I had been holding Horizons Gold Yield Fund (HGY.UN). I had been Horizons Gold Yield Fund (HGY.UN) since their public offering.

Think about it, Horizons Gold Yield Fund (HGY.UN) has everything you ever dream of: gold investment (secure, pretty safe), stability in value, and a huge dividend yield of 8.73%. Perfection seem to have it's name! It's Horizons Gold Yield Fund (HGY.UN). Get a taste of the beauty and the richness of GOLD.

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