Horizons ETFs announces final valuation times for ETF closures
TORONTO, Jan. 14, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") have previously announced, by way of a press release dated November 16, 2012, that certain exchange traded funds ("ETFs") will be terminated effective upon the close of business on Friday, January 18, 2013. The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:
|Horizons BetaPro S&P/TSX Capped Financials TM Inverse ETF||HIF|
|Horizons BetaPro S&P/TSX Capped Energy TM Inverse ETF||HIE|
|Horizons BetaPro S&P/TSX Global Gold TM Inverse ETF||HIG|
|Horizons COMEX® Copper ETF||HUK|
At the request of the Manager, the Class A units of each of the Terminated ETFs will be delisted at the close of business on Tuesday, January 15, 2013 ("Delisting Date").
The final net asset value for the Terminated ETFs, other than HUK, will be determined at 4 p.m. (Toronto time) on the Delisting Date. For HUK, the final net asset value will be determined at 1 p.m. (Toronto time) on the Delisting Date at which time the Investment Industry Regulatory Organization of Canada will halt trading in HUK for the remainder of the day.
All outstanding Class A units of the Terminated ETFs will be redeemed at the final net asset value of the ETF on Friday January 18, 2012.
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 $3.6 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.