TORONTO, Nov. 1, 2013 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs"), the manager and trustee of the Horizons S&P 500®
Index ETF, the Horizons BetaPro S&P 500 VIX Short-Term
FuturesTM Bull Plus ETF and the Horizons BetaPro
NASDAQ-100® Bear Plus ETF (collectively, the "ETFs"), has
announced today that it intends to consolidate the units of the
ETFs as indicated in the table below.
Unit Consolidations
After the close of trading on Friday, November 15, 2013 on the Toronto Stock Exchange (the "TSX"), the
units of the ETFs will be consolidated on the basis of the ratios
(the "Consolidation Ratios") set out below, and will begin
trading on a post consolidated basis on Monday, November 18, 2013, the effective date of
the consolidation:
"The unit consolidation of HXS will reduce
the per-unit trading cost of HXS units," said Howard Atkinson, President of Horizons ETFs.
"HXS is already one of the most tax efficient ways for Canadian
investors to gain exposure to the S&P 500®, this higher per
unit cost further enhances the appeal of HXS for institutional and
high-net-worth investors."
| ETF |
Tickers |
Consolidation Ratio |
| Horizons S&P 500® Index ETF |
HXS / HXS.U |
1 : 2 |
| Horizons BetaPro S&P 500 VIX Short-Term
FuturesTM Bull Plus ETF |
HVU |
1 : 4 |
| Horizons BetaPro NASDAQ-100® Bear Plus ETF |
HQD |
1 : 4 |
For further information visit
www.HorizonsETFs.com
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. S&P® is a registered
trademark of Standard & Poor's Financial Services LLC
("S&P") and has been licensed for use by S&P Dow
Jones Indices LLC. "NASDAQ-100 Index®" is a trademark of The
NASDAQ OMX Group Inc ("NASDAQ OMX"). "VIX" is a trademark of
the Chicago Boards Option Exchange, Incorporated ("CBOE").
These marks have been licensed for use by Horizons ETFs Management
(Canada) Inc. The ETFs are not
sponsored, endorsed, sold, or promoted by S&P, NASDAQ OMX, CBOE
or any of their affiliated companies and none of these parties make
any representation, warranty or condition regarding the
advisability of buying, selling and holding units/shares in the
ETFs. Please read the prospectus before investing.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs is an innovative financial
services company 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. With approximately $4.4 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 member of the Mirae
Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.