Horizons Medical Marijuana Life Sciences ETF
What happens if HMMJ terminates?
Similar to all other ETF terminations, we would announce the termination well in advance, and any unitholders that held onto the ETF would receive the closing net-asset-value (real market value) of the ETF on the day of its termination. This ETF is already through $125 million CAD, so we believe it is highly unlikely that we would terminate it. By all accounts, this ETF has been a runaway success from an assets under management (AUM) gathering and volume perspective and one of the most successful ETF launches in Canadian ETF history. We are extremely pleased with our launch of HMMJ and cannot currently foresee any circumstance that would result in HMMJ terminating.
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