TORONTO, July 26,
2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the
manager of the Horizons Canadian Large Cap Equity Covered Call ETF
(TSX: CNCC) (the "ETF"), announced today that the reported
net asset value per unit ("NAV") of the Fund was misstated
for July 20th and
21st, 2023. The actual NAVs were subsequently
recalculated, and were higher than the reported NAVs for those two
days, with the maximum difference being $0.0177 on the reported NAV of $12.1634, for a maximum difference of 1.46%. The
recalculated NAVs are as follows:
|
Date
|
Original
NAV
|
Recalculated
NAV
|
|
July 20,
2023
|
$12.1211
|
$12.2924
|
|
July 21,
2023
|
$12.1634
|
$12.3405
|
There was one dealer subscription during the period of
misstatement, and Horizons ETFs will reimburse the ETF for the
underpayment by the dealer to the ETF.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
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 $27 billion
of assets under management and 113 ETFs listed on major Canadian
stock exchanges. Horizons ETFs is a wholly owned subsidiary of the
Mirae Asset Financial Group, which manages approximately
$710 billion of assets across 13
countries around the world.
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase exchange traded products managed by
Horizons ETFs Management (Canada)
Inc. (the "Horizons Exchange Traded Products") and is not, and
should not be construed as, investment, tax, legal or accounting
advice, and should not be relied upon in that regard. Individuals
should seek the advice of professionals, as appropriate, regarding
any particular investment. Investors should consult their
professional advisors prior to implementing any changes to their
investment strategies. These investments may not be suitable to the
circumstances of an investor.
Commissions, management fees, and expenses all may be
associated with an investment in the Horizons Exchange Traded
Products. The Horizons Exchange Traded Products are not guaranteed,
their values change frequently and past performance may not be
repeated. The prospectus contains important detailed information
about the Horizons Exchange Traded Products. Please read the
relevant prospectus before investing.
SOURCE Horizons ETFs Management (Canada) Inc.