text: GP writes:"Note that this fund is not appropriate for those who need regular cash flow, as there have been no distributions to date."
  From http://www.horizonsetfs.com/horizons/media/pdfs/prospectus/Benchmark1_Prospectus.pdf : Horizons HXX seeks to replicate, to the extent possible, the performance of the EURO STOXX 50® Futures Roll Index (Total Return), net of expenses.
  The EURO STOXX 50® Futures Roll Index (Total Return) is designed to
  measure the performance of 50 of the largest companies that are sector leaders
  in the Eurozone.
  
  HXX tracks blue-chip companies. It uses swap contracts to get the total return, without actually receiving any dividends. I doubt if HXX plans on paying dividends at all, and GP could be misleading in saying "there have been no distributions to date." There could be advantages like not having to worry about reinvesting, and pesky annual tax filings.