Horizons ETFs Announces Closure of Two ETFs

TORONTO, Nov. 30, 2018 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") announced today that it will be terminating the Horizons Global Currency Opportunities ETF and the Horizons Active Intl Developed Markets Equity ETF (the "ETFs") effective at the close of business on Thursday, February 14, 2019 (the "Termination Date"). Details of the ETFs are as follows:

Effective immediately, no further direct subscriptions for units of the respective ETFs will be accepted. Friday, February 8, 2019, is expected to be the last date on which a redemption request may be placed with the Manager, and the ETFs are expected to be de-listed from the Toronto Stock Exchange, at the request of the Manager, at the close of business on or about Monday, February 11, 2019 (the "Delisting Date"), with all units still held by investors being subject to a mandatory redemption as of the Termination Date.

Unitholders of the respective ETFs will be able sell their units in the normal course through the facilities of the stock exchange, up until the Delisting Date. Any remaining unitholders of the respective ETFs as at the Termination Date 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.

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 family 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 has more than $10.3 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.

SOURCE Horizons ETFs Management (Canada) Inc.