TORONTO, June 12, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") previously announced, by way of a press release dated
April 10, 2018, that the BetaPro
S&P 500 VIX Short-Term Futures™ 2X Daily Bull ETF
and BetaPro S&P 500 VIX Short-Term Futures™ Daily
Inverse ETF (the "Terminated ETFs") would be terminated
effective upon the close of business on June
11, 2018. The Terminated ETFs' final net asset values
("Final NAVs") per unit are as follows:
ETF
|
Ticker
|
Final
NAV per
Unit
|
BetaPro S&P 500
VIX Short-Term Futures™ 2X Daily Bull ETF
|
HVU
|
$13.2220
|
BetaPro S&P 500
VIX Short-Term Futures™ Daily Inverse ETF
|
HVI
|
$2.4187
|
Unitholders will receive the proceeds from the liquidation of
the assets, less all liabilities of the Terminated ETFs. These net
proceeds will be paid to the holders of the remaining outstanding
units of the Terminated ETFs on a pro rata basis, at the rates
shown above, without further action by those unitholders. There are
no distributions of income or capital gains required to be paid to
unitholders included in the proceeds of termination of the
Terminated ETFs.
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 suite 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 currently has over $10 billion
of assets under management and 79 ETFs listed on major Canadian
stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
Horizons ETFs is a Member of Mirae Asset Global Investments.
Commissions, management fees and expenses all may be associated
with an investment in exchange traded products managed by Horizons
ETFs Management (Canada) Inc. (the
"Horizons Exchange Traded Products"). 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.