Horizons ETFs Announces Completion of ETF Merger

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Horizons ETFs Announces Completion of ETF Merger

Canada NewsWire

TORONTO, Dec. 3, 2021 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") is pleased to announce the completion of the previously announced merger (the "Merger") of Horizons Morningstar Hedge Fund Index ETF ("HHF" or the "Merging ETF") into Horizons ReSolve Adaptive Asset Allocation ETF ("HRAA" or the "Continuing ETF") effective as of the close of business Friday, December 3, 2021 (the "Merger Date"). The Merger was approved at a meeting of HHF shareholders held on November 30, 2021.

The shares of the Merging ETF were exchanged for the shares of the Continuing ETF on a taxable basis at the following ratio (the "Merger Ratio"), based on the respective closing net asset values of each ETF.

ETF

Ticker

Merger Ratio

Horizons Morningstar Hedge Fund Index ETF

HHF

1.574549:1

As a result of the above Merger Ratio, shareholders of HHF will be issued 1.574549 shares of HRAA for each share of HHF held as at December 3, 2021, rounded to the nearest whole share.

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 $20 billion of assets under management and 105 ETFs listed on major Canadian stock exchanges.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

SOURCE Horizons ETFs Management (Canada) Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/December2021/03/c4433.html

Copyright CNW Group 2021

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).