TORONTO, Oct. 31, 2013
TORONTO, Oct. 31, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") announced today that they will be terminating two exchange traded
funds (collectively, the "Terminated ETFs") effective at the close of business on Friday, January 10, 2014 (the "Termination Date"). The ETFs being terminated are as follows:
|Horizons Crude Oil Yield ETF||HOY, HOY.A|
|Horizons Silver Yield ETF||HZY, HZY.A|
Effective today, no further direct subscriptions for units of the Terminated ETFs will be accepted. Monday, January 6, 2014 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 7, 2014.
All units still held by investors will be subject to a mandatory redemption as of the Termination Date. Unitholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the Terminated ETFs.
For further information visit www.HorizonsETFs.com
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange-traded funds. 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 $4.4 billion in assets under management and 73 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.
SOURCE Horizons Exchange Traded Funds Inc.
|Horizons ETFs Announces Closure of Certain ETFs ()|
|Horizons ETFs announces final valuation times for ETF closures (2014/1/27)|
|Horizons ETFs Announces Unit Consolidations (2013/11/1)|
|Horizons ETFs Announces Estimated 2013 Annual Capital Gains Distributions ()|
|Horizons ETFs announces final valuation for terminated ETFs ()|
|Horizons ETFs announces unit consolidation (2014/2/4)|
|Horizons ETFs announces final valuations for terminated ETFs (2014/1/31)|
|Horizons ETFs announces non-cash capital gains distribution (2014/3/17)|
|Horizons ETFs confirms 2013 annual capital gains distributions (2013/12/31)|
|S&P MILA 40 Index Licensed to Horizons ETFs Group (2013/10/23)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.