Horizons ETFs announces final valuation for terminated ETFs

TORONTO, Jan. 10, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") previously announced, by way of a press release dated October 31, 2013, that the Horizons Crude Oil Yield ETF and the Horizons Silver Yield ETF (together, the "ETFs") would be terminated effective upon the close of business today, January 10, 2014.  The ETFs' final net asset values ("Final NAV") per unit, by class, are as follows:

ETF

Class of Units

Ticker

Final NAV

per Unit

Horizons Crude Oil Yield ETF

Class E

HOY

$7.348748

Advisor Class

HOY.A

$7.347615

Horizons Silver Yield ETF

Class E

HZY

$5.041451

Advisor Class

HZY.A

$5.040321

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 ETFs. These proceeds will be paid to the holders of the remaining outstanding units of the ETFs on a pro rata basis without further action by those unitholders.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange-traded funds. 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 $4.2 billion in assets under management and 73 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members 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.