TORONTO, Dec. 24, 2012 /CNW/ - Horizons Exchange Traded
Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs
Management (Canada) Inc., the
manager and trustee of the Horizons U.S. Dollar ETF (the
"ETF"), listed on the Toronto Stock Exchange ("TSX")
under the symbols DLR and DLR.U, has announced today
that it intends to consolidate the units of the ETF, as outlined
below:
Unit Consolidation
After the TSX has closed for trading on
Friday, January 4, 2013, the units of
the ETF will be consolidated on the basis of a ratio (the
"Consolidation Ratio") yet to be determined, such that the
net asset value ("NAV") of the units of the ETF traded on
the TSX under the ticker symbol DLR.U will equal $10.00 USD upon such consolidation. The
units of the ETF will begin trading on a consolidated basis on
Monday January 7, 2013, the effective
date of the consolidation.
Based on the closing NAV of December 21, 2012, the Consolidation Ratio would
be approximately 1:1.009, i.e. for every 1.009 pre-consolidation
units outstanding, one (1) consolidated unit would be issued.
This sample rate is provided only as an approximation of the
Consolidation Ratio. The final Consolidation Ratio will be
determined at the close of business on Friday, January 4, 2013.
For further information visit www.HorizonsETFs.com
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.
