Horizons ETFs announces final valuations for terminated ETFs

TORONTO, Jan. 31, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") previously announced, by way of a press release dated November 29, 2013, that certain exchange traded funds (the "Terminated ETFs") would be terminated effective upon the close of business today, January 31, 2014.  The Terminated ETFs, with their respective final net asset values ("Final NAV") per unit, are as follows:

ETF	Ticker	Final NAV per Unit
Horizons BetaPro COMEX® Copper Bull Plus ETF	HKU	$7.2559
Horizons BetaPro COMEX® Copper Bear Plus ETF	HKD	$10.2154
Horizons Australian Dollar Currency ETF	ASD	$9.7811

Unitholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the Terminated ETFs. These proceeds will be paid to the holders of the remaining outstanding units of the Terminated ETFs on a pro rata basis without further action by those unitholders.

The distribution that was declared for the Horizons Australian Dollar Currency ETF on January 22, 2014 of $0.01372 per unit will be paid to unitholders in a separate cash payment from the termination proceeds, on or about February 12, 2014.

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

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies 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 approximately $4.1 billion in assets under management and 70 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.

SOURCE: Horizons ETFs Management (Canada) Inc.

Martin Fabregas, Investor Relations, [phone] or 1-866-641-5739.