HORIZONS ETFs ANNOUNCES FINAL VALUATION FOR THE TERMINATING ETFs

TORONTO, Feb. 21, 2024 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") previously announced, by way of a press release dated December 13, 2023, that the exchange traded funds (the "ETFs") listed in the table below would be delisted from the Toronto Stock Exchange at the close of business on February 14, 2024, and terminated effective upon the close of business today, February 21, 2024. The ETFs' final net asset value ("NAV"), distribution and termination proceeds per security are as follows:

Securityholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the applicable ETF(s). These proceeds will be paid to the holders of the remaining outstanding securities of the applicable ETF(s) on a pro-rata basis, at the rate shown above, without further action by those securityholders.

Income and capital gains distributions, if any, are indicated in the table above. The net proceeds of termination paid to each securityholder is the sum of the ex-distribution NAV per security plus the income and capital gains distributions per security indicated in the table above and represents the remaining net assets of the applicable ETF(s).

Horizons ETFs Management (Canada) Inc. is an innovative financial services company with 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 currently has more than $30 billion of assets under management and 117 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $720 billion of assets across 19 global markets around the world.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their value changes frequently and past performance may not be repeated. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. Please read the relevant prospectus before investing.

SOURCE Horizons ETFs Management (Canada) Inc.