Horizons ETFs announces closure of certain ETFs
TORONTO, Dec. 21, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") announced today that they will be terminating three exchange traded funds ("ETFs") effective at the close of business on Friday, March 22, 2013 (the "Termination Date"). The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:
|Horizons Gartman ETF||HAG, HAG.A|
|Horizons Active Income Plus ETF||HAP, HAP.A|
|Horizons Active North American Value ETF||HAV, HAV.A|
Effective today, no further direct subscriptions for units of the Terminated ETFs will be accepted. Monday, March 18, 2013 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, March 19, 2013.
All units still held by investors will be subject to a mandatory redemption as of the Termination Date. Unitholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the Terminated ETFs.
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 approximately $3.5 billion in assets under management and 79 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 Exchange Traded Funds Inc.For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.