Horizons ETFs Management (Canada) Inc has announced the final valuations for two exchange traded funds that were terminated on 12 June, 2015.
The Terminated ETFs, with their respective final net asset values (“Final NAV”) per unit, are as follows:
Horizons BetaPro S&P/TSX Global Base Metals Bull Plus ETF (HMU) – USD6.1923
Horizons BetaPro S&P/TSX Global Base Metals Bear Plus ETF (HMD) – USD4.4765
Unitholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the Terminated ETFs. These proceeds will be paid to the holders of the remaining outstanding units of the Terminated ETFs on a pro rata basis, at the rates shown above, without further action by those unitholders. There are no distributions of income or capital gains required to be paid to unitholders included in the proceeds of termination of any of the Terminated ETFs.