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:
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:
Horizons BetaPro NYMEX® Natural Gas Bear Plus ETF
Horizons BetaPro S&P 500 VIX Short-Term Futures™ ETF
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.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.