TORONTO, Jan. 4, 2013 /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 Currency ETF (the "ETF"), which is listed on the Toronto Stock Exchange ("TSX") under the symbols DLR and DLR.U, has announced today that it has set the consolidation ratio (the "Consolidation Ratio") for the previously announced consolidation of units of the ETF, as
outlined below:
Unit Consolidation
After the TSX closed for trading today, January 4, 2013, the units of
the ETF will be consolidated based on a Consolidation Ratio of
1:1.009601, i.e. for every 1.009601 pre-consolidation units
outstanding, one (1) consolidated unit will be issued, such that the
net asset value ("NAV") of the units of the ETF traded on the TSX under the ticker symbol
DLR.U will now equal $10.00 USD after the consolidation. The units of
the ETF will begin trading on a consolidated basis on Monday, January
7, 2013, the effective date of the consolidation. No fractional units
will be issued in connection with the consolidation and, in the event
that a unitholder would otherwise be entitled to receive a fractional
unit upon the unit consolidation, such fraction will be rounded down to
the nearest whole number.
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 $3.6 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.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.