TORONTO, November 17, 2023 – Hamilton Capital Partners Inc. (“Hamilton ETFs”) announced today its intention to terminate Hamilton Financials Innovation ETF (TSX Ticker: HFT) (the “ETF”) in accordance with the terms of the ETF’s amended and restated declaration of trust and applicable securities laws. Hamilton ETFs is the trustee and manager of the ETF. It is anticipated that the termination will occur on or about January 19, 2024 (the “Termination Date”).
Effective immediately, no further direct subscriptions for units of the ETF will be accepted. January 11, 2024 is expected to be the last date on which a redemption request for units of the ETF may be placed with Hamilton ETFs. Units of the ETF are expected to be voluntarily de-listed from the Toronto Stock Exchange (the “TSX”), at the request of Hamilton ETFs, at the close of business on or about January 12, 2024 (the “Delisting Date”), with all units still held by investors being subject to a mandatory redemption as of the Termination Date.
Unitholders of the ETF will be able to sell their units through the facilities of the TSX until the Delisting Date. Any remaining unitholders of the ETF as at the close of business on the Termination Date will receive the net proceeds from the liquidation of the assets of the ETF, less all liabilities and all expenses incurred with the dissolution of the ETF, on a pro-rata basis. If you hold units of the ETF, there may also be tax implications to any disposition of your holdings. We strongly urge unitholders to contact their financial advisors to discuss the financial and tax implications associated with a redemption of their units and the termination.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
With over $3 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing ETF providers, offering a suite of innovative exchange traded funds (ETFs) designed to maximize income and growth from trusted sectors in Canada and beyond. The firm is also an active commentator on the global financial services sector and Canadian banks; and the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
For investor inquiries: Contact Hamilton ETFs at (416) 941-9888, [email protected]
For media inquiries: Contact Patrick Sommerville, Senior Partner, Head of Business Development, (416) 941-9250, [email protected]