Exchange Bulletin
Horizons China High Dividend Yield Index ETF (HCN) To Trade On Toronto Stock Exchange
Horizons China High Dividend Yield Index ETF (the “ETF”) - An application has been granted for the original listing in the Industrial category of 257,500 Class A units (the “Units”) of the ETF all of which will be issued and outstanding upon completion of an initial public offering (the “Offering”).
Listing of the Units will become effective at 5:01 p.m. on Monday, January 11, 2016 in anticipation of the Offering closing prior to the opening of business on Tuesday, January 12, 2016. The Units will be posted for trading at the opening of business on Tuesday, January 12, 2016, upon confirmation of the closing.
The ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of the ETF. Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued.
Registrations and transfers of Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. (“CDS”). Beneficial owners of Units will not have the right to receive physical certificates evidencing their ownership of the Units. Units must be purchased, transferred and surrendered for redemption only through a CDS participant.
Additional information on the Units may be found in the prospectus dated January 2, 2016 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
| Stock Symbol: "HCN" | CUSIP: 44052U 10 8 | Trading Currency: CDN$ |
| Designated Market Maker: | National Bank of Canada |
| Other Markets: | None |
| Head Office Address: | 26 Wellington Street East Suite 700 Toronto, Ontario M5E 1S2 |
| Website: | www.horizonsetfs.com |
| Email: | info@horizonsetfs.com |
| Head Office Telephone Number: | (416) 933-5745 |
| Fax Number: | (416) 777-5181 |
| Investor Relations: | Martin Fabregas Tel.: (416) 601-2508 Email: mfabregas@horizonsetfs.com |
| Chief Financial Officer: | Julie Stajan |
| Secretary: | Steven J. Hawkins |
| Incorporation: | The ETF is an open-ended mutual fund established under the laws of the Province of Ontario on January 2, 2016 pursuant to an amended and restated master declaration of trust. |
| Manager and Trustee: | Horizons ETFs Management (Canada) Inc. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The ETF seeks to replicate, to the extent possible, the performance of the Hang Seng High Dividend Yield Index (the “Underlying Index”), net of expenses, by investing primarily in the Underlying ETF. The Underlying Index is designed to measure the performance of Hong Kong listed equity securities characterized by high dividend yield. |
| Transfer Agent & Registrar: | CST Trust Company at its principal office in Toronto. |
| Distributions and Automatic Reinvestment: | It is anticipated that the ETF will make distributions to its Unitholders on a quarterly basis. Such distributions will be paid in cash, unless a Unitholder is participating in the Reinvestment Plan. On or prior to the last day of each taxation year, the ETF will be required to pay or make payable the net income and net realized capital gains of the ETF to Unitholders of the ETF to such an extent that the ETF will not be liable for ordinary income tax thereon. To the extent that the ETF has not paid or made payable the full amount of its net income and net capital gains in cash in any year, the difference between such amount and the amount actually paid or made payable by the ETF in cash may be paid or made payable as a “reinvested distribution” or distributed in Units. Reinvested distributions will be reinvested automatically in additional Units of the ETF at a price, or Units will be distributed at a price, equal to the net asset value per Unit of the ETF and the Units of the ETF will be immediately consolidated such that the number of outstanding Units of the ETF held by each Unitholder on such day following the distribution will equal the number of Units of the ETF outstanding and held by the Unitholder prior to the distribution. |
| Sponsor: | Not Applicable |
| Initial Issuance of Units: | Pursuant to the Prospectus, 257,500 Units will be issued at a subscription price of $20.00 per Unit. |
