TORONTO, Feb. 4, 2014 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs"), the manager and trustee of the Horizons BetaPro NYMEX®
Natural Gas Bear Plus ETF (the "ETF"), has announced today
that it intends to consolidate the units of the ETF as indicated in
the table below.
Unit Consolidation
After the close of trading on Thursday,
February 13, 2014 on the Toronto Stock Exchange (the
"TSX"), the units of the ETF will be consolidated on the
basis of the ratio (the "Consolidation Ratio") set out
below, and will begin trading on a post consolidated basis on
Friday, February 14, 2014, the
effective date of the consolidation:
|
ETF
|
Ticker
|
Consolidation
Ratio
|
|
Horizons BetaPro
NYMEX® Natural Gas Bear Plus ETF
|
HND
|
1 : 2
|
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. 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 $4.1
billion in assets under management and 70 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.