Horizons ETFs Management (Canada) Inc. announced Friday it will be terminating Horizons Auspice Managed Futures Index ETF at the close of business on March 28.
Effective immediately, no further direct subscriptions for units of the ETF will be accepted, Horizons says in a news release.
Horizons expects March 22 to be the last date on which a redemption request may be placed with the manager.
The ETF is expected to be de-listed from the Toronto Stock Exchange at the close of business on or about March 23, Horizons says, with all units still held by investors subject to a mandatory redemption.
Any remaining unitholders of the ETF as of March 28 will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the ETF, on a pro-rata basis.