TORONTO,
Nov. 16, 2012 /CNW/ - Horizons
Exchange Traded Funds Inc. ("Horizons ETFs") and its
affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") announced
today that they will be terminating certain exchange traded funds
("ETFs") effective at the close of business on Friday, January 18, 2013 (the "Termination
Date"). 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 |
Effective today, no further direct subscriptions
for units of the Terminated ETFs will be accepted. Monday, January 14, 2013 is expected to be the
last date on which a redemption request may be placed with the
Manager, and the Terminated 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 Tuesday,
January 15, 2013, with all units still held by investors
being subject to a mandatory redemption as of the Termination
Date.
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 $3.5
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.