TORONTO, Dec. 20, 2013 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs"), the manager and trustee of the Horizons US Dollar
Currency ETF (the "ETF"), which is listed on the Toronto
Stock Exchange ("TSX") under the symbols DLR and
DLR.U, has announced today that it has set the consolidation
ratio (the "Consolidation Ratio") for the previously
announced consolidation of units of the ETF, as outlined below:
Unit Consolidation
After the TSX closed for trading today,
December 20, 2013, the units of the
ETF will be consolidated based on a Consolidation Ratio of
1:1.005379, i.e. for every 1.005379 pre-consolidated units
outstanding, one (1) consolidated unit will be issued, such that
the net asset value ("NAV") of the units of the ETF traded
on the TSX under the ticker symbol DLR.U will now equal
$10.00 USD after the consolidation.
The units of the ETF will begin trading on a consolidated basis on
Monday, December 23, 2013, the
effective date of the consolidation. No fractional units will be
issued in connection with the consolidation and, in the event that
a unitholder would otherwise be entitled to receive a fractional
unit upon the unit consolidation, such fraction will be rounded
down to the nearest whole number.
For further information visit www.HorizonsETFs.com.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs is an innovative financial
services company 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 $4.2 billion in assets under management and 73
ETFs listed on the TSX, the Horizons ETFs family makes up one of
the largest families of ETFs in Canada. Horizons ETFs is a member of the Mirae
Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.