Horizons Active Floating Rate Snr Ln ETF Class E T.HSL.A

Primary Symbol: T.HSL

The investment objective of HSL is to seek to provide unitholders with a high level of current income by investing primarily in a diversified portfolio of U.S. senior secured floating rate loans, which are generally rated below investment grade (loans rated at or below BB+ by Standard & Poors, or a similar rating by a designated rating organization) and debt securities, with capital appreciation as a secondary objective. HSL principally invests in a portfolio of U.S. senior secured floating rate loans which are generally rated below investment grade (loans rated at or below BB+ by Standard & Poors, or a similar rating by a designated rating organization) and debt securities. HSL may also invest in Listed Funds, as they are defined in the ETFs prospectus, that provide exposure to senior loans.

TSX:HSL - Post by User

Horizons Active Floating Rate Snr Ln ETF Class E

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Comment by biggameon Feb 13, 2006 10:40pm

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Post# 10360633

RE: Price

The current price drop may not be due to those issued shares - "HSE Integrated Ltd. ("HSE" or the "Company") is pleased to announce that it has closed the previously announced (December 12, 2005) private placement for 550,000 shares at $2.50/share for gross proceeds of $1,375,000. The shares were placed with over 300 of the Company's newest employees and are subject to a 4-month hold period." More likely it is due to the drop in gas prices as well as the correction in energy related stocks. HSE has performed better (lost less) since last monday then any of my other oil and gas service stocks. Keep the faith Bg

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