TORONTO, June 1, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") announced today that it will be terminating the Horizons GMP® Junior Oil and Gas IndexTM ETF (the "ETF"), ticker HJE on the Toronto Stock Exchange ("TSX"), effective at the close of business on Friday August 10, 2012 (the "Termination Date").
Effective today, no further direct subscriptions for units of the ETF
will be accepted. Friday August 3, 2012 is expected to be the last date
on which a redemption request for the ETF may be placed with the
Manager, and the ETF is expected to be voluntarily de-listed from the
TSX, at the request of the Manager, at the close of business on or
about Tuesday August 7, 2012, with all units still held by investors
being subject to a mandatory redemption on the Termination Date.
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 more than $3.4 billion in
assets under management and 86 ETFs listed on the TSX, 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 ETFs Management (Canada) Inc.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.