TORONTO, May 23, 2023
/CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") previously
announced, by way of a press release dated March 13, 2023, that the exchange traded fund
(the "ETF") listed in the table below would be delisted from
the Toronto Stock Exchange at the close of business on May 16, 2023, and terminated effective upon the
close of business today, May 23,
2023. The ETF's final net asset value ("NAV"),
distribution and termination proceeds per unit, as applicable (a
"Security") are as follows:
|
ETF
|
Ticker
|
Ex-Distribution
NAV
per
Security
|
Income
Distribution
per
Security
|
Capital
Gains
Distribution
per
Security
|
Final Net
Proceeds of
Termination
per
Security
|
|
Horizons Emerging
Markets Leaders
ETF
|
HEMC
|
6.869946
|
0.01620
|
-
|
6.886146
|
Securityholders will receive the proceeds from the liquidation
of the assets, less all liabilities and all expenses incurred in
connection with the dissolution of the ETF. These proceeds will be
paid to the holders of the remaining outstanding Securities of the
ETF on a pro-rata basis, at the rate shown above, without further
action by those Securityholders.
Income and capital gains distributions, if any, are indicated in
the table above. The net proceeds of termination paid to each
Securityholder is the sum of the ex-distribution NAV per Security
plus the income and capital gains distributions per Security
indicated in the table above and represents the remaining net
assets of the ETF. The proceeds of termination were paid out today
to CDS Clearing and Depository Services Inc.
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 $25 billion of
assets under management and 107 ETFs listed on major Canadian stock
exchanges.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase exchange traded products (the "Horizons
Exchange Traded Products") managed by Horizons ETFs Management
(Canada) Inc. and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Individuals
should seek the advice of professionals, as appropriate, regarding
any particular investment. Investors should consult their
professional advisors prior to implementing any changes to their
investment strategies. These investments may not be suitable to the
circumstances of an investor.
SOURCE Horizons ETFs Management (Canada) Inc.
