Horizons ETFs announces closure of certain ETFs

TORONTO, Dec. 31, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") announced today that it will be terminating certain exchange traded funds ("ETFs") effective at the close of business on Friday, March 13, 2015 (the "Termination Date").  The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:

Effective immediately, no further direct subscriptions for units of the Terminated ETFs will be accepted. Monday, March 9, 2015, is expected to be the last date on which a redemption request may be placed with the Manager and the Terminated 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 Tuesday, March 10, 2015, with all units still held by investors being subject to a mandatory redemption as of the Termination Date.

Any remaining unitholders of the Terminated 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 Terminated ETFs, on a pro rata basis.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs is an innovative financial services company 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 more than $4.6 billion in assets under management as of November 30, 2014, and 72 ETFs listed on the TSX, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a member of the Mirae Asset Financial Group.

SOURCE Horizons ETFs Management (Canada) Inc.