Toronto-based Horizons Exchange Traded Funds Inc. had announced in November 2012 that certain exchange traded funds would be terminated effective upon the close of business Friday, January 18.
The four ETFs being terminated, with their respective final net asset values per unit, are as follows:
- Horizons BetaPro S&P/TSX Capped Financials TM Inverse ETF (TSX:HIF), $7.306227
- Horizons BetaPro S&P/TSX Capped Energy TM Inverse ETF (TSX:HIE), $10.762150
- Horizons BetaPro S&P/TSX Global Gold TM Inverse ETF (TSX:HIG), $12.198764
- Horizons COMEX Copper ETF (TSX:HUK), $7.369200
The proceeds of termination will be paid to the holders of the remaining outstanding units of the terminated ETFs on a pro rata basis.