AlphaPro Management is planning to merge its S&P/TSX 60 exchange-traded fund (ETF) with one of two ETFs. The fund manager will hold a special meeting of the unitholders of the ETF on May 31, 2011. Unitholders will be asked to vote on the merger proposal of the Horizons AlphaPro Managed S&P/TSX 60 ETF into the Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETF. The ETF may also be merged into the Horizons AlphaPro Enhanced Income Equity ETF.
Click here for the release from Canada Newswire.