TORONTO,
March 11, 2022 /CNW/
- Horizons ETFs Management (Canada) Inc. (the "Manager") announced
today that it will be terminating two of its exchange traded funds
(collectively, the "ETFs" or "Terminating ETFs")
effective at the close of business on May
20, 2022 (the "Termination Date"). Details of the
ETFs are as follows:
|
ETF
Name
|
Ticker
|
|
Horizons Active
Emerging Markets Bond ETF
|
HEMB
|
|
Horizons Active A.I.
Global Equity ETF
|
MIND
|
Effective immediately, 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, at the request of the Manager, at the close of
business on or about May 17, 2022,
with all securities still held by investors being subject to a
mandatory redemption as of the Termination Date.
Any remaining securityholders of the Terminating ETFs 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 ETFs, 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 close to $22 billion of
assets under management and 105 ETFs listed on major Canadian stock
exchanges.
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.
