TORONTO, April 29, 2013 /CNW/ - Horizons ETFs Management
(Canada) Inc. and its affiliate
AlphaPro Management Inc. (collectively "Horizons ETFs"), the
manager and trustee of the Horizons Enhanced Income Gold Producers
ETF (the "ETF"), have announced today that they intend to
consolidate the units of the ETF, as indicated below:
Unit Consolidation
After the Toronto Stock Exchange ("TSX")
has closed for trading on Tuesday, May 14,
2013, the units of the ETF will be consolidated on the basis
of the ratios (the "Consolidation Ratios") set out below,
and will begin trading on a consolidated basis on Wednesday, May 15, 2013, the effective date of
the consolidation:
| ETF |
Class of
Units |
Ticker |
Consolidation
Ratio |
| Horizons
Enhanced Income Gold Producers ETF |
Class E |
HEP |
1:2 |
| Advisor Class |
HEP.A |
1:2 |
For further information visit www.HorizonsETFs.com
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies
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 $4.3
billion in assets under management and 74 ETFs listed on the
Toronto Stock Exchange, the Horizons ETFs family makes up one of
the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are
members of the Mirae Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.