BetaPro Management Inc. Announces Unit Split and Consolidation



    TORONTO, Sept. 2 /CNW/ - BetaPro Management Inc. ("BetaPro"), manager and
trustee of the exchange traded funds (the "ETFs") listed below, has announced
today that it intends to split or consolidate units of these ETFs, as
indicated below:

    Unit Split

    After the TSX has closed for trading on Tuesday, September 15, 2009, the
units of the following ETF will be split on the basis of the ratio (the "Split
Ratio") set out below, and will begin trading on a split adjusted basis on
Wednesday September 16, 2009, with the split to become effective on September
18, 2009, for unitholders of record on that date:

    
    -------------------------------------------------------------------------
                            ETF                          Ticker  Split Ratio
    -------------------------------------------------------------------------
    Horizons BetaPro NYMEX(R) Natural Gas Bear Plus ETF    HND       2:1
    -------------------------------------------------------------------------
    

    Unit Consolidation

    After the TSX has closed for trading on Tuesday, September 15, 2009, the
units of the following ETF will be consolidated on the basis of the ratio (the
"Consolidation Ratio") set out below, and will begin trading on a consolidated
basis on Wednesday September 16, 2009, the effective date of the
consolidation:

    
    -------------------------------------------------------------------------
                            ETF                         Ticker  Consolidation
                                                                    Ratio
    -------------------------------------------------------------------------
    Horizons BetaPro NYMEX(R) Natural Gas Bull Plus ETF   HNU        1:5
    -------------------------------------------------------------------------
    

    About BetaPro Management Inc. (www.HBPETFs.com)

    Horizons BetaPro Exchange Traded Funds ("HBP ETFs") are managed by
BetaPro Management Inc., Canada's sole provider of investment tools allowing
investors to profit when the market is rising or falling, or to reduce their
risk by hedging their existing market exposure. HBP ETFs offer three types of
structures: Bull+/Bear+ leveraged ETFs, single ETFs, and single inverse ETFs.
The HBP Bull+ ETFs and HBP Bear+ ETFs are designed to provide daily investment
results, before fees and expenses, that correspond to double the daily
performance, or double the inverse daily performance, respectively, of their
specified underlying index or benchmark. The HBP Inverse ETFs are designed to
provide daily investment results, before fees and expenses, that correspond to
the one times the inverse of their specified underlying index or benchmark.
The HBP Single ETFs are designed to provide investment results, before fees,
expenses, distributions, brokerage commissions and other transaction costs,
that endeavour to correspond to the performance of their specified underlying
index.
    BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of
August 2009, approximately $2.6 billion amongst 38 ETFs.

    About Jovian Capital Corporation (www.joviancapital.com)

    Jovian Capital Corporation is a publicly-traded company listed on the
Toronto Stock Exchange. Jovian acquires, creates and grows financial services
companies specializing in wealth and asset management. The Jovian group of
companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds
Inc., JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc.,
Leon Frazer & Associates Inc., MGI Financial Inc., MGI Securities Inc., MGI
Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages
approximately $12.5 billion of client assets ($6.5 billion in assets under
management and $6.0 billion in assets under administration). Additional
information is available at www.joviancapital.com and www.sedar.com.





For further information:

For further information: Martin Fabregas (investor relations), (416)
601-2508

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BetaPro Management Inc.

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