Horizons Exchange Traded Funds Inc. says it will be terminating five exchange traded funds (ETFs) effective at the close of business on June 29.

The ETFs being terminated are:

  • Horizons BetaPro COMEX Long Gold/Short Silver Spread ETF (TSX:HBZ)
  • Horizons BetaPro COMEX Long Silver/Short Gold Spread ETF (TSX:HZB)
  • Horizons BetaPro COMEX Gold Inverse ETF (TSX:HIB)
  • Horizons BetaPro COMEX Silver Inverse ETF (TSX:HIZ)
  • Horizons BetaPro U.S. 30-year Bond Bull Plus ETF (TSX:HTU)

Direct subscriptions for units of the terminated ETFs are no longer being accepted.

Monday June 25 is expected to be the last date on which a redemption request may be placed with the Horizons ETFs Management (Canada) Inc., and the terminated ETFs are expected to be de-listed from the Toronto Stock Exchange at the close of business on June 26. All units still held by investors will be subject to a mandatory redemption as of June 29.