TORONTO,
Dec. 6, 2013 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs"), the manager and trustee of the
Horizons US Dollar Currency ETF (the "ETF"), listed
on the Toronto Stock Exchange ("TSX") under the symbols
DLR and DLR.U, has announced today that it intends to
consolidate the units of the ETF, as outlined below:
Unit Consolidation
After the TSX has closed for trading on
Friday, December 20, 2013, the units
of the ETF will be consolidated on the basis of a ratio (the
"Consolidation Ratio") yet to be determined, such that the
net asset value ("NAV") of the units of the ETF traded on
the TSX under the ticker symbol DLR.U will equal $10.00 USD upon such consolidation. The
units of the ETF will begin trading on a consolidated basis on
Monday December 23, 2013, the
effective date of the consolidation.
Based on the closing NAV of December 5, 2013, the Consolidation Ratio would
be approximately 1:1.005, i.e. for every 1.005 pre-consolidated
units outstanding, one (1) consolidated unit would be issued.
This rate is provided only as an example of the Consolidation
Ratio. The final Consolidation Ratio will be determined at the
close of business on Friday, December 20,
2013.
For further information visit
www.HorizonsETFs.com
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 $4.4 billion in assets under management and 73
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.