Horizons ETFs Announces Final Valuations for Terminating ETFs

TORONTO, Feb. 14, 2019 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") previously announced, by way of a press release dated November 30, 2018, that the exchange traded funds (the "ETFs") listed in the table below would be delisted from the Toronto Stock Exchange at the close of business on February 11, 2019, and terminated effective upon the close of business today, February 14, 2019. The ETFs' final net asset values ("NAV"), distributions and termination proceeds per unit are as follows:

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 applicable ETF(s). These proceeds will be paid to the holders of the remaining outstanding units of the applicable ETF(s) on a pro-rata basis, at the rate shown above, without further action by those unitholders.

Income distributions are indicated on a per unit basis in the table above. The net proceeds of termination paid to each unitholder is the sum of the ex-distribution NAV per unit plus the income distribution per unit indicated in the table above and represents the remaining net assets of the applicable ETF(s). 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 suite 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 currently has approximately $10 billion of assets under management and 85 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. Please read the relevant prospectus before investing.

SOURCE Horizons ETFs Management (Canada) Inc.