TORONTO, Nov. 30, 2021 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs" or the "Manager") is pleased to
announce today that following a special meeting (the
"Meeting") of shareholders of the Horizons Morningstar Hedge
Fund Index ETF ("HHF" or the "Merging ETF"),
shareholders approved the merger (the "Merger") of HHF into
the Horizons ReSolve Adaptive Asset Allocation ETF ("HRAA"
or the "Continuing ETF"). Each of HHF and HRAA are a
seperate corporate class of shares of the Horizons ETF Corp.
managed by the Manager.
The approval of the Merger follows the proposal made by the
Manager and published in a press release date August 31, 2021 followed by a circular sent to
all shareholders of the Merging ETF dated October 29, 2021 both available at
www.sedar.com and www.HorizonsETFs.com. The necessary
regulatory and Independent Review Committee approvals have also
been received.
The Merger is expected to take place on or about December 3, 2021, after the close of business
(the "Merger Date"), with units of the Merging ETF being
delisted for trading from the Toronto Stock Exchange (the
"TSX") at the close of business on that same date. HHF is
not accepting share subscriptions and the last day to submit an HHF
share redemption is December 1,
2021.
About Horizons ETFs Management (Canada) Inc.
(www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product family includes a broadly diversified range
of solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs has more than $20 billion of
assets under management and 103 ETFs listed on major Canadian stock
exchanges.
Commissions, management fees (including performance fees) and
expenses may all be associated with an investment in Horizons
ReSolve Adaptive Asset Allocation ETF ("the ETF") managed by
Horizons ETFs Management (Canada)
Inc. The ETF is an alternative mutual fund within the meaning of
National instrument 81-102, Investment Funds, and is permitted to
use strategies generally prohibited by conventional mutual funds
and ETFs, such as borrowing cash, selling securities short, and
employing leverage of up to 300%, amongst others. The use of these
strategies may accelerate the risk associated with the ETF. The ETF
Is not guaranteed, its values change frequently and past
performance may not be repeated. The prospectus contains important
detailed information about the ETF. Please read the prospectus
and its risk disclosure before investing.
Certain statements may constitute a forward looking
statement, including those identified by the expressions
"anticipate", "estimate" or "expect" and similar expressions
(including grammatical variations thereof) to the extent they
relate to the ETFs or Horizons ETFs. The forward-looking statements
are not historical facts but reflect the ETFs, the ETF's managers
or Horizons ETFs current expectations regarding future results or
events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or events
to differ materially from current expectations. These and other
factors should be considered carefully and readers should not place
undue reliance on the ETFs' forward looking statements. These
forward-looking statements are made as of the date hereof and the
ETFs do not undertake to update any forward-looking statement that
is contained herein, whether as a result of new information, future
events or otherwise, unless required by applicable law.
SOURCE Horizons ETFs Management (Canada) Inc.
