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Horizons Auspice Broad Commodity to list on TSX Feb. 27

2013-02-25 20:37 ET - New Listing

Horizons Auspice Broad Community Index ETF will begin trading on the Toronto Stock Exchange as an industrial issuer at the open on Wednesday, Feb. 27, 2013, according to the TSX. As in the Feb. 15, 2013, prospectus for its initial public offering, the fund plans to sell 405,000 Class E units and 100,000 adviser class units at $10 each, raising $5.05-million. The fund will issue and sell units on continuous basis and there is no maximum number of units it can issue. The manager and trustee of the fund is AlphaPro Management Inc., and the investment manager is Horizons Investment Management Inc. The fund will try to replicate the performance of the Auspice Broad Commodity Excess Return Index, hedged to the Canadian dollar. The fund plans to pay a yearly distribution of income so that it will not be liable for income tax in any given year.

The TSX reports the Class E units will trade under the symbol HBR and Cusip No. 44051V 11 5. The adviser class units will trade under the symbol HBR.A and Cusip No. 44051V 10 7.

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