Horizons ETFs Announces Final Valuations for Terminated ETFs

TORONTO, June 28, 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"), with their respective final net asset values ("Final NAV") per unit, are as follows:

ETF   Ticker   Final NAV
per Unit
Horizons BetaPro COMEX® Gold Inverse ETF HIB $9.278875
Horizons BetaPro COMEX® Silver Inverse ETF HIZ   $11.119748  
Horizons BetaPro COMEX® Long Gold/Short Silver Spread ETF   HBZ $11.869672
Horizons BetaPro COMEX® Long Silver/Short Gold Spread ETF HZB $7.713175
Horizons BetaPro U.S. 30-year Bond Bull Plus ETF HTU $42.712030

The proceeds of termination will be paid to the holders of the remaining outstanding units of the Terminated ETFs on a pro rata basis.

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 81 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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890