Search results will open in a new window on TMXMoney.com.

Exchange Bulletin

Horizons NASDAQ-100® Index ETF (HXQ, HXQ.U) To Trade On Toronto Stock Exchange


April 19, 2016

Horizons NASDAQ-100® Index ETF (the “ETF”) - An application has been granted for the original listing in the Non-Corporate Issuer category of 300,001 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 Tuesday, April 19, 2016 in anticipation of the Offering closing prior to the opening of business on Wednesday, April 20, 2016. The Units will be posted for trading at the opening of business on Wednesday, April 20, 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 final prospectus dated April 1, 2016 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.

Stock Symbol: "HXQ" and "HXQ.U" CUSIP: 44053P 10 8 Trading Currency: CDN$

 

Designated Market Maker: National Bank Financial Inc.
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: McGregor Sainsbury
Incorporation: The ETF is an open-ended mutual fund established under the laws of the Province of Ontario on April 1, 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 NASDAQ-100® Index (Total Return), net of expenses. The NASDAQ-100® Index (Total Return) includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market.
Transfer Agent & Registrar: CST Trust Company at its principal office in Toronto.
Distributions and Automatic Reinvestment: The ETF will not make regular distributions. The ETF will, only when necessary, distribute income in the form of a distribution in Units or reinvested into Units of the ETF at the end of a taxation year. Such reinvested Units will then be consolidated so that the number of Units held by an investor after such a distribution will be equal to the number of Units they held the moment before the distribution. In the case of a non-resident Unitholder if tax has to be withheld in respect of the distribution, the Unitholder’s dealer will invoice or debit the Unitholder’s account directly.

Prior to the end of each taxation year, the ETF will ensure that the net income and net realized capital gains of the ETF have been paid or made payable 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 taxation year, the difference between such amount and the amount actually paid or made payable by the ETF in cash will 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 in the applicable currency 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 following the distribution will equal the number of Units of the ETF outstanding prior to the distribution. In the case of a non-resident Unitholder if tax has to be withheld in respect of the distribution, the Unitholder’s dealer will invoice or debit the Unitholder’s account directly.
Sponsor: Not Applicable
Initial Issuance of Units: Pursuant to the Prospectus, 300,001 Units will be issued at a subscription price of US$25.00 per Unit.