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Horizons ETFs Announces ETF Closures

19/01/24 - 12:27 am

TORONTO – January 19, 2024 – Horizons ETFs Management (Canada) Inc. (the “Manager”) announced today that it will be terminating nine of its exchange traded funds (the “ETFs”) effective at the close of business on or about March 28, 2024 (the “Termination Date”). The terminating ETFs are as follows:

ETF NameTicker(s)
Horizons Tactical Absolute Return Bond ETF*HARB
HARB.J
HARB.U
Horizons Absolute Return Global Currency ETFHARC
Horizons Active Ultra-Short Term US Investment Grade Bond ETFHUF.UHUF
Horizons Active High Yield Bond ETFHYI
Horizons Active Floating Rate Senior Loan ETFHSL
Horizons US Marijuana Index ETFHMUS
HMUS.U
Horizons Psychedelic Stock Index ETFPSYK
Horizons Global BBIG Technology ETFBBIG
BBIG.U
Horizons Global Hydrogen Index ETFHYDR

*Includes Total Return Series Shares (HARB), Dividend Series Shares (HARB.J) and USD Unhedged Total Return Series Shares (HARB.U)

Effective March 18, 2024, except in limited circumstances, no further direct subscriptions for securities of the ETFs will be accepted. The ETFs are expected to be de-listed from the Toronto Stock Exchange or Cboe Canada, as applicable, at the request of the Manager, at the close of business on or about March 22, 2024, with all securities still held by investors being subject to a mandatory redemption as of the Termination Date.

Any remaining securityholders of an ETF as at the Termination Date will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the ETF, on a pro rata basis.

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 $30 billion of assets under management and 120 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $710 billion of assets across 19 countries and global markets around the world.

For investor inquiries:

Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the “Horizons Exchange Traded Products”) managed by Horizons ETFs Management (Canada) Inc. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly-owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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