Horizons ETFs Announces Final Valuation for Terminating ETF
TORONTO, March 28, 2018 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") previously announced, by way of a press release dated January 26, 2018, that the Horizons Auspice Managed Futures Index ETF (the "ETF") would be terminated effective upon the close of business today, March 28, 2018. The ETF's final net asset value ("NAV") per unit is as follows:
ETF |
Ticker |
Final NAV |
Horizons Auspice Managed Futures Index ETF |
HMF |
$8.257626 |
Unitholders 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 units of the ETF on a pro-rata basis, at the rate shown above, without further action by those unitholders. There are no distributions of income or capital gains required to be paid to unitholders included in the proceeds of termination paid out today to CDS Clearing and Depository Services Inc.