Horizon shutters ETFs

Horizons Exchange Traded Funds Inc. and its affiliate, AlphaPro Management Inc., both based in Toronto, have announced they will terminate three exchange-traded funds (ETFs), effective the close of business on March 22. The ETFs being terminated are: Horizons Gartman ETF, Horizons Active Income Plus ETF and Horizons Active North American Value ETF. No further direct subscriptions for units of the terminated ETFs will be accepted. March 18 is expected to be the last date on which a redemption request may be placed with the portfolio manager, and the ETFs are expected to be delisted from the Toronto Stock Exchange at the close of business on or about March 19. All units still held by investors will be subject to mandatory redemption as of the termination date.

cohara@investmentexecutive.com