Horizons ETFs Announces Final Valuation Times for ETF Closures

TORONTO, June 25, 2012 /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 April 27, 2012, that certain exchange traded funds ("ETFs") will be terminated effective upon the close of business on Friday June 29, 2012.  The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:

ETF Ticker
Horizons BetaPro COMEX® Silver Inverse ETF HIZ
Horizons BetaPro COMEX® Gold Inverse ETF HIB
Horizons BetaPro COMEX® Long Gold/Short Silver Spread ETF HBZ
Horizons BetaPro COMEX® Long Silver/Short Gold Spread ETF HZB
Horizons BetaPro U.S. 30-year Bond Bull Plus ETF HTU

While the Terminated ETFs will be de-listed from the Toronto Stock Exchange at the close of business tomorrow, Tuesday June 26, 2012 (the "De-listing Date"), all investors are encouraged to make every effort to trade their units of a Terminated ETF prior to such Terminated ETF's final net asset value determination time on the De-listing Date ("Final Valuation Time") as bid-ask spreads may be higher than normal and trading volumes may be lower than normal following a Terminated ETF's Final Valuation Time. The Final Valuation Times of each of the Terminated ETFs are as follows:

ETF Final Valuation
Time (EST)
Horizons BetaPro COMEX® Silver Inverse ETF 1:25 p.m.
Horizons BetaPro COMEX® Gold Inverse ETF 1:30 p.m.
Horizons BetaPro COMEX® Long Gold/Short Silver Spread ETF 1:30 p.m.
Horizons BetaPro COMEX® Long Silver/Short Gold Spread ETF 1:30 p.m.
Horizons BetaPro U.S. 30-year Bond Bull Plus ETF 3:00 p.m.

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 $3.3 billion in assets under management and 86 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 ETFs Management (Canada) Inc.

For further information:

Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.


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