TORONTO, Jan. 19,
2024 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") announced
today that it will be terminating nine of its exchange traded funds
(the "ETFs") effective at the close of business on or about
March 28, 2024 (the "Termination
Date"). The terminating ETFs are as follows:
|
ETF
Name
|
Ticker(s)
|
|
Horizons Tactical
Absolute Return Bond ETF*
|
HARB
HARB.J
HARB.U
|
|
Horizons Absolute
Return Global Currency ETF
|
HARC
|
|
Horizons Active
Ultra-Short Term US Investment Grade Bond ETF
|
HUF.U
HUF
|
|
Horizons Active High
Yield Bond ETF
|
HYI
|
|
Horizons Active
Floating Rate Senior Loan ETF
|
HSL
|
|
Horizons US Marijuana
Index ETF
|
HMUS
HMUS.U
|
|
Horizons Psychedelic
Stock Index ETF
|
PSYK
|
|
Horizons Global BBIG
Technology ETF
|
BBIG
BBIG.U
|
|
Horizons Global
Hydrogen Index ETF
|
HYDR
|
|
*Includes Total
Return Series Shares (HARB), Dividend Series Shares (HARB.J) and
USD Unhedged Total Return Series Shares (HARB.U)
|
Effective March 18, 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 or Cboe Canada, as
applicable, at the request of the Manager, at the close of business
on or about March 22, 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 $30 billion of
assets under management and 120 ETFs listed on major Canadian stock
exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae
Asset Financial Group, which manages more than $710 billion of assets across 19 countries and
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.