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An ETF for every investor.

HSAV

Horizons Cash Maximizer ETF

Price
$102.29
$0.01
0.00%
NAV
$102.2840
$0.0088
0.01%

Benchmark

Corporate Class - Total Return

Fact Sheet
Learn more about HSAV

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$5.40
$0.10
1.89%
NAV
$5.3690
$-0.0217
-0.40%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HAC

Horizons Seasonal Rotation ETF

Price
$24.79
$-0.01
-0.04%
NAV
$24.7971
$-0.0261
-0.11%

Active

Strategic

Fact Sheet
Learn more about HAC
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Horizons ETFs Mutual Fund Corporation ETF Reorganizations

On August 23, 2019, Horizons ETFs Management (Canada) Inc. (“Horizons”) issued a press release announcing a proposed corporate class reorganization of a number of its existing ETFs. The full press release is available by clicking here.

On June 23rd, 2020, Horizons issued a press release announcing the corporate class reorganization of the Horizons Absolute Return Global Currency ETF and the Horizons Morningstar Hedge Fund Index ETF. The full press release is available by clicking here.

On July 16th, 2020, Horizons issued a press release announcing the corporate class reorganization of the Horizons Global Risk Parity ETF. The full press release is available by clicking here.

On July 30th, 2020, Horizons issued a press release announcing the successful corporate class reorganization of the Horizons Global Risk Parity ETF into the Horizons ReSolve Adaptive Asset Allocation ETF, a new class of shares of Horizons ETF Corp. The full press release is available by clicking here.

This web resource page can be used to learn about the conversion process as well as allow unit holders to access information to help them to make a specific tax election if they held the units of the ETFs during the conversion.

Some of the key resources available to unit holders on how the conversion process works include the following:

The following Management Information Circulars each provide a comprehensive review of the material on which unitholders voted, and the conversion process and implications.

The Notice and Access document for each ETF or group of ETFs, that were sent to unitholders:

An investor-friendly frequently asked questions (FAQ) document on the conversions as it was proposed:

A summary of the ETFs that merged and their respective net asset value per unit / share on the date of the transaction:

Section 85 Elections

The reorganizations are not expected to be taxable events for Canadian resident unitholders of the ETFs provided that such unitholders who hold units of the ETFs in taxable accounts make a joint election with the mutual fund corporation under Section 85 of the Income Tax Act as part of the exchange from their trust units into shares of a series of the new mutual fund corporation.

Investors who wish make a joint election with Horizons must complete the documentation on their own behalf, submit those forms to Horizons for us to complete, and then when we send back completed and signed copies to the investor, they must submit copies to the relevant tax authorities.

The Canada Revenue Agency forms may be found through the following links:

T2057 – which is for individuals, trusts, and corporations:

T2058 – which is for use by Partnerships:

Publications relevant to the joint tax election may be found at:
For Quebec residents/taxpayers, in addition to the above federal forms, please see the following:

The following are the links for the joint tax election forms on the Revenu Quebec website:

TP-518(-V) – Transfer of Property by a Taxpayer to a Taxable Canadian Corporation

TP-529(-V) – Transfer of Property by a Partnership to a Taxable Canadian Corporation

The information contained in this section reflects general tax information only and does not constitute, and should not be construed as, tax advice. Investor’s situations may differ, and investors should consult with their tax advisors before making any decisions. The information provided herein is provided as is and Horizons makes no warranty as to the accuracy of the information, and may not update the information as updates become available. Any documents submitted to Horizons will be responded to on a best efforts basis only, and Horizons bears no responsibility for the accuracy of such documents or for the timeliness of such documents or for the timeliness of any response to any such documents submitted to Horizons.