Horizons AlphaPro Managed S&P/TSX 60® ETF (the “ETF”) - An application has been granted for the original listing in the Industrial category of approximately 1,050,717 Class E units of the ..
ETF (the “Class E Units”), all of which will be issued and outstanding, upon the completion of a public offering.
Listing of the Class E Units will become effective at 5:01 p.m. on Tuesday, January 6, 2009 in anticipation of the prospectus offering closing on Wednesday, January 7, 2009. The Class E Units will be posted for trading at the opening on January 7, 2009.
The ETF is authorized to issue an unlimited number of Class E Units each of which represents an undivided interest in the assets of the ETF. Class E Units of the ETF are being issued and sold on a continuous basis and there is no minimum number that may be issued.
The ETF is an open-end mutual fund trust managed by AlphaPro Management Inc. (“AlphaPro” or the “Manager”). The investment strategy of the ETF is to invest primarily in large capitalization equity, income trusts and equity related securities that are constituents of the S&P/TSX 60 Index® or similar Canadian indices.
The registration and transfer of Class E Units will be effected through the book-entry only system administered by CDS Clearing and Depository Services Inc. (“CDS”). Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Class E Units.
Source: ETFWorld.com - TSX