TORONTO, March 22, 2013 /CNW/ - Horizons Exchange Traded
Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs
Management (Canada) Inc., the
manager and trustee of the Horizons BetaPro NYMEX® Natural Gas
Bear Plus ETF and the Horizons BetaPro S&P 500 VIX
Short-Term Futures™ ETF (together, the "ETFs"), has
announced today that it intends to consolidate the units of the
ETFs, as indicated below:
Unit Consolidation
After the Toronto Stock Exchange ("TSX")
has closed for trading on Thursday, April 4,
2013, the units of the ETF will be consolidated on the basis
of the ratios (the "Consolidation Ratios") set out below,
and will begin trading on a consolidated basis on Friday, April 5, 2013, the effective date of the
consolidation:
| ETF |
Ticker |
Consolidation Ratio |
| Horizons BetaPro NYMEX® Natural Gas Bear Plus
ETF |
HND |
1:2 |
| Horizons BetaPro S&P 500 VIX Short-Term
Futures™ ETF |
HUV |
1:4 |
For further information visit www.HorizonsETFs.com
About Horizons Exchange Traded Funds Inc.
(www.HorizonsETFs.com)
Horizons ETFs is an innovative financial
services company offering the Horizons ETFs family of ETFs. The
Horizons ETFs family includes a broadly diversified range of
investment tools with solutions for investors of all experience
levels to meet their investment objectives in a variety of market
conditions. With approximately $4.3
billion in assets under management and 73 ETFs listed on the
TSX, the Horizons ETFs family makes up one of the largest families
of ETFs in Canada. Horizons ETFs
is a subsidiary of Horizons ETFs Management (Canada) Inc. and a member of the Mirae Asset
Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.