TORONTO, Oct. 31, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") announced today that they will be terminating two exchange traded
funds (collectively, the "Terminated ETFs") effective at the close of business on Friday, January 10, 2014 (the "Termination Date"). The ETFs being terminated are as follows:
Horizons Crude Oil Yield ETF
Horizons Silver Yield ETF
Effective today, no further direct subscriptions for units of the
Terminated ETFs will be accepted. Monday, January 6, 2014 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, January 7, 2014.
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
For further information visit www.HorizonsETFs.com
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 $4.4 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 Exchange Traded Funds Inc.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.