Horizons ETFs sets unit consolidation ratio for DLR/DLR.U

TORONTO, Jan. 13, 2015 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the manager and trustee of the Horizons US Dollar Currency ETF (the "ETF"), which is listed on the Toronto Stock Exchange ("TSX") under the symbols DLR and DLR.U, has announced today that it has set the consolidation ratio (the "Consolidation Ratio") for the previously announced consolidation of units of the ETF, as outlined below:

Unit Consolidation

After the TSX closed for trading today, January 13, 2015, the units of the ETF will be consolidated based on a Consolidation Ratio of 1:1.005951, i.e. for every 1.005951 pre-consolidated units outstanding, one (1) consolidated unit will be issued, such that the net asset value ("NAV") of the units of the ETF traded on the TSX under the U.S. dollar (USD) ticker symbol DLR.U will now equal $10.00 USD after the consolidation.  The units traded under the Canadian dollar symbol DLR will undergo a consolidation at the same Consolidation Ratio. The units of the ETF will begin trading on a consolidated basis on Wednesday, January 14, 2015, the effective date of the consolidation.

When a unit consolidation occurs, the net asset value per unit is increased by the same ratio as the unit consolidation so that the unit consolidation has no impact on the value of the investor's total unit position. An investor's cost per unit is also increased by the same ratio as the unit consolidation, although their total cost remains unchanged.

No fractional units will be issued. Where the consolidation results in a fractional unit, the number of post-consolidation units will be rounded down to the nearest whole unit, in the case of a fractional interest that is less than 0.5, or rounded up to the nearest whole number, in the case of a fractional interest that is 0.5 or greater.

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in the ETF. The ETF is not guaranteed. Its value change frequently and past performance may not be repeated. Please read the prospectus before investing.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of exchange-traded funds. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $4.6 billion in assets under management as of December 31, 2014, and 72 ETFs listed on the TSX, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a member of the Mirae Asset Financial Group.

SOURCE Horizons ETFs Management (Canada) Inc.

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