TORONTO, June 28, 2011 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs"), and its affiliate AlphaPro Management Inc., the manager and trustee
of the Horizons AlphaPro Managed S&P/TSX 60™ ETF ("Horizons HAX"), announce that, as at the close of business today, the units of
Horizons HAX are being voluntarily de-listed from trading on the
Toronto Stock Exchange (the "TSX"). The de-listing is in anticipation of the completion of the
previously announced merger of Horizons HAX with Horizons AlphaPro
S&P/TSX 60 Equal Weight Index ETF ("Horizons HEW")(the "Merger Transaction") on or about June 30, 2011 (the "Effective Date"), subject to the necessary regulatory approvals.
Upon completion of the Merger Transaction, unitholders of Horizons HAX
will be issued units of Horizons HEW based on a ratio to be determined
by the closing net asset values of the respective ETFs on the Effective
For further information on the Merger Transaction, please consult the
management information circular distributed to unitholders available on
our website at www.horizonsetfs.com, or on the SEDAR website at www.sedar.com.
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the
Horizons family of exchange traded products. The Horizons family of
exchange traded products 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 billion in assets under management and more than
70 listings on the Toronto Stock Exchange, the Horizons family of
exchange traded products makes up the largest selection of ETFs in
Canada. Horizons ETFs is a member of the Jovian Capital Corporation
(TSX: JOV) group of companies.
SOURCE HORIZONS EXCHANGE TRADED FUNDS INC.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.