TORONTO, June 25, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") announced today that they will be terminating the Horizons S&P/TSX 60
130/30™ Index ETF (the "Terminated ETF") effective at the close of business on Monday, August 26, 2013 (the "Termination Date"). The classes of the ETF being terminated are as follows:
Class of Units
Horizons S&P/TSX 60 130/30™ Index ETF
Effective today, no further direct subscriptions for units of the
Terminated ETF will be accepted. Tuesday, August 20, 2013 is expected
to be the last date on which a redemption request may be placed with
the Manager, and the Terminated ETF is expected to be de-listed from
the Toronto Stock Exchange, at the request of the Manager, at the close
of business on or about Wednesday, August 21, 2013.
All units still held by investors will be subject to a mandatory
redemption as of the Termination Date. Unitholders will receive the
proceeds from the liquidation of the assets, less all liabilities and
all expenses incurred in connection with the dissolution of the
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 currently
more than $4.1 billion in assets under management and 71 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.