NEW YORK--(BUSINESS WIRE)--Horizons ETFs Management (US) LLC. announced today that they will be terminating the Horizons US Managed Risk ETF (the "ETF") effective at the close of business on September 8, 2017 (the "Termination Date"). Details of the ETF are as follows.
|Horizons US Managed Risk ETF||
September 8, 2017, is expected to be the last date that Authorized Participants may create and redeem units in USMR. At the request of the manager, the ETF is expected to be de-listed from the New York Stock Exchange at the close of business on or about September 8, 2017, with all units still held by investors being subject to a mandatory redemption as of the Termination Date.
Any remaining unitholders of the ETF as of 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 the Horizons ETFs Group (www.US.HorizonsETFs.com)
Horizons ETFs Management (US) LLC is a member of the Horizons ETFs Group. The Horizons ETFs Group consists of innovative financial services companies offering regional families of ETFs in Canada, Korea, Hong Kong, Australia, the United States and Colombia. Currently, all of the ETFs offered by these companies use the Horizons ETFs’ brand with the exception of the “BetaShares” family of ETFs in Australia and the “Mirae Asset Tiger ETFs” family in Korea. With approximately US $14.6 billion in assets under management and 227 ETF listings worldwide (as of May 31, 2017), the Horizons ETFs Group makes up one of the largest collective families of ETFs in the world. All of the Horizons ETFs Group companies and affiliates are subsidiaries of Mirae Asset Global Investments Co., Ltd.
Horizons ETFs Management (US), LLC is the Investment Adviser of the Fund. The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Horizons ETFs Management (US), LLC or any of its affiliates.