TORONTO, Jan. 18, 2013 /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 November 16, 2012, that certain exchange traded funds ("ETFs") will be terminated effective upon the close of business today, January 18, 2013. 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
|Horizons BetaPro S&P/TSX Capped Financials TM Inverse ETF||HIF||$7.306227|
|Horizons BetaPro S&P/TSX Capped Energy TM Inverse ETF||HIE||$10.762150|
|Horizons BetaPro S&P/TSX Global Gold TM Inverse ETF||HIG||$12.198764|
|Horizons COMEX® Copper ETF||HUK||$7.369200|
The proceeds of termination will be paid to the holders of the remaining outstanding units of the Terminated ETFs on a pro rata basis.
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 approximately $3.6 billion in assets under management and 76 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.