Canada NewsWire
TORONTO, Nov. 15, 2016
TORONTO, Nov. 15, 2016 /CNW/ - Horizons ETFs Management
(Canada) Inc. (the "Manager") announced today that it is holding unitholder meetings on
Tuesday, December 20, 2016 for the following exchange traded funds (the "ETFs") for which it
acts as manager and trustee:
ETF
|
Ticker
|
Horizons BetaPro S&P/TSX Global Gold™ Bull Plus ETF
|
HGU
|
Horizons BetaPro S&P/TSX Global Gold™ Bear Plus ETF
|
HGD
|
Horizons BetaPro NYMEX® Crude Oil Bull Plus ETF
|
HOU
|
Horizons BetaPro NYMEX® Crude Oil Bear Plus ETF
|
HOD
|
Horizons BetaPro COMEX® Gold Bullion Bull Plus ETF
|
HBU
|
Horizons BetaPro COMEX® Silver Bear Plus ETF
|
HZD
|
Horizons BetaPro US 30-year Bond Bear Plus ETF
|
HTD
|
Horizons NYMEX® Natural Gas ETF
|
HUN
|
Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus
ETF
|
HVU
|
Horizons US Dollar Currency ETF
|
DLR
|
The meetings are being held to consider and vote upon resolutions to approve the following:
- Proposed Fee Structure: for each ETF, a modified fee structure that would bring the itemized operating expenses
payable by the ETFs into conformity with generally prevailing Canadian industry practice for investment funds, and may
potentially result in an increase in the operating expenses payable by certain ETFs, as further described in the management
information circular dated November 15, 2016 (the "Circular");
If approved, the foregoing changes to the operating expenses of the ETFs will take effect on January 1,
2017.
- Change in Investment Objectives: for Horizons BetaPro S&P/TSX Global Gold™ Bull Plus ETF ("HGU")
and Horizons BetaPro S&P/TSX Global Gold™ Bear Plus ETF ("HGD") only, a change in the investment objective
of each ETF. It is proposed that the Underlying Index of HGU and HGD will be changed from the S&P/TSX Global Gold Index™ to
the Solactive Canadian Gold Miners Index, as further described in the Circular.
If approved, the foregoing changes to the investment objectives of HGU and HGD will take effect on December 30, 2016. In connection with the foregoing changes, the Manager intends to change the name of HGU to
"BetaPro Canadian Gold Miners 2x Daily Bull ETF" and the name of HGD to "BetaPro Canadian Gold Miners -2x Daily Bear ETF".
Further details of the Meetings and the Manager's proposals are described in the Circular, which will be mailed to unitholders
on or about November 15, 2016, and is available on the internet at www.sedar.com.
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 $6.7 billion of
assets under management and with 75 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.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and
may include statements regarding future financial performance. In some cases, forward-looking information can be identified by
terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters
that are not historical facts. Actual results may vary from such forward-looking information. Horizons ETFs undertakes no
obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future
events or other such factors which affect this information, except as required by law.
SOURCE Horizons ETFs Management (Canada) Inc.