Horizons ETFs announces final valuation times for ETF closures

TORONTO, Jan. 27, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has previously announced, by way of a press release dated November 29, 2013, that certain exchange traded funds ("ETFs") will be terminated effective upon the close of business on Friday, January 31, 2014.  The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:

At the request of the Manager, the units of each of the Terminated ETFs will be delisted at the close of business on Tuesday, January 28, 2014 ("Delisting Date"). 

The final net asset value for ASD will be determined at 4 p.m. (Toronto time) on the Delisting Date. For HKU and HKD, the final net asset value will be determined at 1 p.m. (Toronto time) on the Delisting Date at which time the Investment Industry Regulatory Organization of Canada will halt trading in HKU and HKD for the remainder of the day.

All outstanding Class A units of the Terminated ETFs will be redeemed at the final net asset values of the respective ETFs on Friday, January 31, 2014.

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 $4.2 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 ETFs Management (Canada) Inc.