TORONTO, Nov. 29, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") announced today that it will be terminating certain exchange traded
funds ("ETFs") effective at the close of business on Friday, January 31, 2014 (the "Termination Date"). The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:
Horizons BetaPro COMEX® Copper Bull Plus ETF
Horizons BetaPro COMEX® Copper Bear Plus ETF
Horizons Australian Dollar Currency ETF
Effective immediately, no further direct subscriptions for units of the
Terminated ETFs will be accepted. Monday, January 27, 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 28, 2014, with all units still
held by investors being subject to a mandatory redemption as of the
Any remaining unitholders of the Terminated ETFs as at the Termination
Date will receive the net proceeds from the liquidation of the assets,
less all liabilities and all expenses incurred in connection with the
dissolution of the Terminated ETFs, on a prorata basis.
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 ETFs Management (Canada) Inc.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.