Horizons ETFs Announces ETF Closures
TORONTO, Aug. 3, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") announced today that they will be terminating certain exchange traded funds ("ETFs") effective at the close of business on Friday October 12, 2012. The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:
|Horizons BetaPro NYMEX® Natural Gas Inverse ETF||HIN|
|Horizons BetaPro NYMEX® Crude Oil Inverse ETF||HIO|
|Horizons BetaPro NYMEX® Long Natural Gas/Short Crude Oil Spread ETF||HNO|
|Horizons BetaPro NYMEX® Long Crude Oil/Short Natural Gas Spread ETF||HON|
Effective today, no further direct subscriptions for units of the Terminated ETFs will be accepted. Friday October 5, 2012, is expected to be the last date on which a redemption request may be placed with the Manager, and the Terminated ETFs are expected to be de-listed from the Toronto Stock Exchange, at the request of the Manager, at the close of business on or about Tuesday October 9, 2012, with all units still held by investors being subject to a mandatory redemption as of October 12, 2012, the termination date.
For further information visit www.HorizonsETFs.com
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of ETFs. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $3.4 billion in assets under management and 81 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group.
SOURCE: Horizons ETFs Management (Canada) Inc.For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.