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Horizons ETFs announces change to the expense structure for certain ETFs

T.HEU, T.HIX, T.HNU

Canada NewsWire

TORONTO, June 29, 2016 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") announced today that, as approved at special meetings of the unitholders of the following ETFs (the "ETFs") held on June 21, 2016, changes to the operating expense structure for the ETFs will be implemented on July 1, 2016.

As described in further detail in the management information circular dated May 16, 2016, the change expands the scope of operating expenses that may be payable by the ETFs.

The ETFs affected by the change are as follows:

ETF

Ticker

Horizons BetaPro NASDAQ-100® Bear Plus ETF

HQD

Horizons BetaPro NASDAQ-100® Bull Plus ETF

HQU

Horizons BetaPro S&P 500® Bear Plus ETF

HSD

Horizons BetaPro S&P 500® Bull Plus ETF

HSU

Horizons BetaPro S&P 500® Inverse ETF

HIU

Horizons BetaPro S&P/TSX 60™ Bear Plus ETF

HXD

Horizons BetaPro S&P/TSX 60™ Bull Plus ETF

HXU

Horizons BetaPro S&P/TSX 60™ Inverse ETF

HIX

Horizons BetaPro S&P/TSX Capped Energy™ Bear Plus ETF

HED

Horizons BetaPro S&P/TSX Capped Energy™ Bull Plus ETF

HEU

Horizons BetaPro S&P/TSX Capped Financials™ Bear Plus ETF

HFD

Horizons BetaPro S&P/TSX Capped Financials™ Bull Plus ETF

HFU

Horizons BetaPro COMEX® Gold Bullion Bear Plus ETF

HBD

Horizons BetaPro COMEX® Silver Bull Plus ETF

HZU

Horizons BetaPro NYMEX® Natural Gas Bear Plus ETF

HND

Horizons BetaPro NYMEX® Natural Gas Bull Plus ETF

HNU

Horizons BetaPro S&P 500 VIX Short-Term Futures™ ETF

HUV

Horizons BetaPro S&P 500 VIX Short-Term Futures™ Inverse ETF

HVI

Horizons COMEX® Gold ETF

HUG

Horizons COMEX® Silver ETF

HUZ

Horizons NYMEX® Crude Oil ETF

HUC

 

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. Horizons ETFs has more than $6.1 billion of assets under management and with 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 Global Investments Group.

SOURCE Horizons ETFs Management (Canada) Inc.

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