TORONTO, Aug. 20, 2013 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs"), the manager and trustee of the Horizons S&P/TSX
60TM Index ETF (the "ETF" or "HXT"),
listed on the Toronto Stock Exchange ("TSX") under the
symbols HXT and HXT.U, has announced today that it intends to
consolidate the units of the ETF as indicated in the table
below.
Unit Consolidation
After the close of trading on Friday,
September 6, 2013 on the TSX, the units of HXT will be
consolidated on the basis of the ratio (the "Consolidation
Ratio") set out below, and will begin trading on a post
consolidated basis on Monday, September 9,
2013, the effective date of the consolidation:
| ETF |
Tickers |
Consolidation
Ratio |
| Horizons S&P/TSX
60TM Index ETF |
HXT / HXT.U |
1 : 2 |
"This unit consolidation will further enhance
the appeal of HXT for institutional and high net worth
investors," said Howard
Atkinson, President of Horizons ETFs. "HXT is already the
lowest cost ETF in Canada and this
consolidation makes it more cost efficient to trade, as
well."
For further information visit
www.HorizonsETFs.com
Commissions, trailing commissions, management
fees and expenses all may be associated with an investment in the
ETF. The ETF is not guaranteed, its values change frequently and
past performance may not be repeated. S&P® is a registered
trademark of Standard & Poor's Financial Services LLC
("S&P") and has been licensed for use by S&P Dow
Jones Indices LLC. TSX® is a trademark of TSX Inc. and has
been licensed for use by S&P Dow Jones Indices LLC. These marks
have been licensed for use by Horizons ETFs Management
(Canada) Inc. The ETF is not
sponsored, endorsed, sold, or promoted by S&P, TSX Inc. or any
of their affiliated companies and none of these parties make any
representation, warranty or condition regarding the advisability of
buying, selling and holding units/shares in the ETFs. Please read
the prospectus before investing.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs is an innovative financial services company offering
the Horizons ETFs family of exchange-traded funds. The Horizons
ETFs family includes a broadly diversified range of investment
tools with solutions for investors of all experience levels to meet
their investment objectives in a variety of market conditions. With
approximately $4.1 billion in assets
under management and 71 ETFs listed on the TSX, the Horizons ETFs
family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a member of the Mirae
Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.