TORONTO,
Jan. 14, 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 on Friday, January 18,
2013. The ETFs being terminated (collectively, the
"Terminated ETFs") are as follows:
| ETF |
Ticker |
| Horizons BetaPro S&P/TSX Capped Financials
TM Inverse ETF |
HIF |
| Horizons BetaPro S&P/TSX Capped Energy
TM Inverse ETF |
HIE |
| Horizons BetaPro S&P/TSX Global Gold
TM Inverse ETF |
HIG |
| Horizons COMEX® Copper ETF |
HUK |
At the request of the Manager, the Class A units
of each of the Terminated ETFs will be delisted at the close of
business on Tuesday, January 15, 2013
("Delisting Date").
The final net asset value for the Terminated
ETFs, other than HUK, will be determined at 4 p.m. (Toronto
time) on the Delisting Date. For HUK, the final net asset value
will be determined at 1 p.m.
(Toronto time) on the Delisting
Date at which time the Investment Industry Regulatory Organization
of Canada will halt trading in HUK
for the remainder of the day.
All outstanding Class A units of the Terminated
ETFs will be redeemed at the final net asset value of the ETF on
Friday January 18, 2012.
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 approximately
$3.6 billion in assets under
management and 79 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.