TORONTO, Dec. 13,
2023 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") announced
today that it will be terminating three of its exchange traded
funds (the "ETFs") effective at the close of business on or
about February 21, 2024 (the
"Termination Date"). Details of the terminating ETFs are as
follows:
|
ETF
Name
|
Ticker
|
|
Horizons Active ESG
Corporate Bond ETF
|
HAEB
|
|
BetaPro Marijuana
Companies Inverse ETF
|
HMJI
|
|
BetaPro Marijuana
Companies 2x Daily Bull ETF
|
HMJU
|
Effective February 8, 2024, except
in limited circumstances, no further direct subscriptions for
securities of the ETFs will be accepted. The 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 February 14, 2024, with all securities still held
by investors being subject to a mandatory redemption as of the
Termination Date.
Any remaining securityholders of an ETF 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 ETF, on a pro rata
basis.
About Horizons ETFs Management
(Canada) Inc.
(www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product family includes a broadly diversified range
of solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs has more than $29 billion of
assets under management and 119 ETFs listed on major Canadian stock
exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae
Asset Financial Group, which manages more than $720 billion of assets across 19 global markets
around the world.
Commissions, management fees and expenses all may be
associated with an investment in exchange traded products (the
"Horizons Exchange Traded Products") managed by Horizons ETFs
Management (Canada) Inc. The
Horizons Exchange Traded Products are not guaranteed, their values
change frequently and past performance may not be repeated. The
prospectus contains important detailed information about the
Horizons Exchange Traded Products. Please read the relevant
prospectus before investing.
SOURCE Horizons ETFs Management (Canada) Inc.