TORONTO, March 22, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") previously announced, by way of a press release dated December 21, 2012, that certain exchange traded funds ("ETFs") will be terminated effective upon the close of business today, March 22, 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 Gartman ETF - Class E||HAG||$7.884547|
|Horizons Gartman ETF - Advisor Class||HAG.A||$7.793321|
|Horizons Active Income Plus ETF - Class E||HAP||$8.786368|
|Horizons Active Income Plus ETF - Advisor Class||HAP.A||$8.815652|
|Horizons Active North American Value ETF - Class E||HAV||$11.708721|
|Horizons Active North American Value ETF - Advisor Class||HAV.A||$12.163918|
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 $4.3 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 is a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset Financial Group.
SOURCE: Horizons Exchange Traded Funds Inc.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.