TORONTO, Nov. 13, 2015 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs"), the manager and trustee of the exchange
traded funds listed below (the "ETFs"), is providing an
update to the consolidation ratios for the unit consolidations of
the ETFs previously announced on October 23,
2015.
Unit Consolidations
After the close of trading on Wednesday,
November 25, 2015, on the Toronto Stock Exchange (the
"TSX"), the units of the ETFs will be consolidated on the
basis of the ratios (the "Final Consolidation Ratios") set
out below, and will begin trading on a post consolidated basis on
Thursday, November 26, 2015, the
effective date of the consolidations. The original consolidation
ratios (the "Original Consolidation Ratios") in the table
are the ratios declared in the initial press release dated
October 23, 2015.
|
ETF
|
Ticker
|
Final
Consolidation
Ratio
|
Original
Consolidation
Ratio
|
|
Horizons BetaPro
S&P/TSX Global Gold™ Bull Plus ETF
|
HGU
|
1 : 5
|
1 : 2
|
|
Horizons BetaPro
S&P 500® Inverse ETF
|
HIU
|
1 : 10
|
1 : 2
|
|
Horizons BetaPro NYMEX®
Natural Gas Bull Plus ETF
|
HNU
|
1 : 10
|
1 : 10
|
|
Horizons BetaPro NYMEX®
Crude Oil Bull Plus ETF
|
HOU
|
1 : 2
|
1 : 2
|
|
Horizons BetaPro
NASDAQ-100® Bear Plus ETF
|
HQD
|
1 : 5
|
1 : 2
|
|
Horizons BetaPro
S&P/TSX 60™ Bear Plus ETF
|
HXD
|
1 : 2
|
1 : 2
|
|
Horizons BetaPro COMEX®
Silver Bull Plus ETF
|
HZU
|
1 : 5
|
1 : 4
|
When a unit consolidation occurs, the net asset value per unit
is increased by the same ratio as the unit consolidation so that
the unit consolidation has no impact on the value of the investor's
total unit position. An investor's cost per unit is also increased
by the same ratio as the unit consolidation, although their total
cost remains unchanged.
No fractional units will be issued. Where the consolidation
results in a fractional unit, the number of post-consolidation
units will be rounded down to the nearest whole unit, in the case
of a fractional interest that is less than 0.5, or rounded up to
the nearest whole number, in the case of a fractional interest that
is 0.5 or greater. Unitholders of the ETF do not need to take any
action. Unitholders will have their brokerage accounts
automatically updated to reflect the unit consolidations.
Commissions, trailing commissions, management fees and
expenses all may be associated with an investment in the ETFs. The
ETFs are not guaranteed, their values change frequently and past
performance may not be repeated. Please read the prospectus before
investing.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies
offering the Horizons ETFs family of exchange-traded funds. 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. Horizons ETFs has approximately $5.3 billion of assets under management and with
70 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs
family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are
members of the Mirae Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.