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Horizons ETFs Announces Final Valuation For The Terminating ETF

23/05/23 - 12:01 am

TORONTO – May 23, 2023 – 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:

  ETFTicker Ex-Distribution NAV per Security Income Distribution per SecurityCapital Gains Distribution per SecurityFinal Net Proceeds of Termination per Security
Horizons Emerging Markets Leaders ETFHEMC6.8699460.016206.886146

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.

For all inquiries:

Please contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745 info@horizonsetfs.com

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.

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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