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Horizons ETFs Assessing Impact of Proposed Federal Tax Changes

TORONTO , March 20, 2019 /CNW/ - Horizons ETFs Management ( Canada ) Inc. ("Horizons ETFs") is assessing the potential impact of proposed legislative changes tabled by the Minister of Finance in the Federal Budget on March 19, 2019 , on its family of exchange traded funds. Based on its preliminary assessment, Horizons ETFs has determined that the exchange traded funds listed on the table below (the "ETFs") could be impacted by the changes after their 2019 taxation years.

The proposed legislative changes, which would not take effect with respect to the ETFs until after their respective 2019 taxation years (ending either December 15 or December 31 ), deal with how certain investment funds are able to allocate income and capital gains to redeeming entities. If the ETFs were to continue to carry on operations after their 2019 taxation years in the same manner as they do currently, the proposed legislative changes could potentially result in taxable distributions to the unitholders of the ETFs in respect of periods after their 2019 taxation years.

Horizons ETFs does not anticipate any impact to the tax treatment of its ETFs for their 2019 taxation years. Horizons ETFs is assessing the potential tax impact on the ETFs after their 2019 taxation years with its legal and tax advisors, as well as other industry participants, and is actively pursuing alternatives to mitigate any potential future tax impact on the ETFs or their unitholders.

Horizons ETFs will provide an update following further assessment of the proposed legislative changes.

ETF Name

 

Ticker

Horizons S&P/TSX 60™ Index ETF

HXT

Horizons S&P 500® Index ETF

HXS

Horizons S&P/TSX Capped Energy Index ETF

HXE

Horizons S&P/TSX Capped Financials Index ETF

HXF

Horizons Cdn Select Universe Bond ETF

HBB

Horizons US 7-10 Year Treasury Bond ETF

HTB

Horizons NASDAQ-100® Index ETF

HXQ

Horizons EURO STOXX 50® Index ETF

HXX

Horizons Cdn High Dividend Index ETF

HXH

Horizons S&P 500 CAD Hedged Index ETF

HSH

Horizons US 7-10 Year Treasury Bond CAD Hedged ETF

HTH

Horizons Intl Developed Markets Equity Index ETF

HXDM

Horizons Conservative TRI ETF Portfolio

HCON

Horizons Balanced TRI ETF Portfolio

HBAL

Horizons Equal Weight Canada REIT Index ETF

HCRE

Horizons Laddered Canadian Preferred Share Index ETF

HLPR

Horizons Equal Weight Canada Banks Index ETF

HEWB

BetaPro S&P 500 VIX Short-Term Futures™ ETF

HUV

Horizons Gold ETF

HUG

Horizons Silver ETF

HUZ

Horizons Crude Oil ETF

HUC

Horizons Natural Gas ETF

HUN

BetaPro Gold Bullion 2x Daily Bull ETF

HBU

BetaPro Gold Bullion -2x Daily Bear ETF

HBD

BetaPro Crude Oil 2x Daily Bull ETF

HOU

BetaPro Crude Oil -2x Daily Bear ETF

HOD

BetaPro Natural Gas 2x Daily Bull ETF

HNU

BetaPro Natural Gas -2x Daily Bear ETF

HND

BetaPro Silver 2x Daily Bull ETF

HZU

BetaPro Silver -2x Daily Bear ETF

HZD

BetaPro S&P/TSX 60™ 2x Daily Bull ETF

HXU

BetaPro S&P/TSX 60™ -2x Daily Bear ETF

HXD

BetaPro S&P/TSX Capped Financials™ 2x Daily Bull ETF

HFU

BetaPro S&P/TSX Capped Financials™ -2x Daily Bear ETF

HFD

BetaPro S&P/TSX Capped Energy™ 2x Daily Bull ETF

HEU

BetaPro S&P/TSX Capped Energy™ -2x Daily Bear ETF

HED

BetaPro Canadian Gold Miners 2x Daily Bull ETF

HGU

BetaPro Canadian Gold Miners -2x Daily Bear ETF

HGD

BetaPro S&P 500® 2x Daily Bull ETF

HSU

BetaPro S&P 500® -2x Daily Bear ETF

HSD

BetaPro NASDAQ-100® 2x Daily Bull ETF

HQU

BetaPro NASDAQ-100® -2x Daily Bear ETF

HQD

BetaPro S&P/TSX 60™ Daily Inverse ETF

HIX

BetaPro S&P 500® Daily Inverse ETF

HIU

Horizons Morningstar Hedge Fund Index ETF

HHF

 

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 $10 billion of assets under management and 86 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management ( Canada ) Inc. is a member of the Mirae Asset Global Investments Group.

Certain statements may constitute a forward looking statement, including those identified by the expressions "estimate" or "expect" and similar expressions (including grammatical variations thereof) to the extent they relate to the ETFs or Horizons ETFs. The forward-looking statements are not historical facts but reflect the ETFs, the ETF's managers or Horizons ETFs current expectations regarding future results or events. These forward- looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on the ETFs' forward looking statements. These forward-looking statements are made as of the date hereof and the ETFs do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

Commissions, management fees and expenses all may be associated with investments in the ETFs. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

SOURCE Horizons ETFs Management ( Canada ) Inc.


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