BetaPro Management Inc. Announces Unit Splits and Consolidations

TORONTO, Oct. 19 /CNW/ - BetaPro Management Inc. ("BetaPro"), the manager and trustee of the exchange traded funds (the "ETFs") listed below, has announced today that it intends to split or consolidate the units of the following ETFs, as indicated below:

Unit Split

After the TSX has closed for trading on Monday, October 26, 2009, the units of the following ETFs will be subdivided on the basis of the ratio (the "Split Ratio") set out below, and will begin trading on a split adjusted basis on Tuesday, October 27, 2009, and the splits will become effective on October 29, 2009, for unitholders of record on that date:

    
    -------------------------------------------------------------------------
                             ETF                      Ticker    Split Ratio
    -------------------------------------------------------------------------
    Horizons BetaPro S&P/TSX Global Base Metals(TM)
     Bull Plus ETF                                      HMU         3:1
    -------------------------------------------------------------------------
    Horizons BetaPro MSCI Emerging Markets
     Bull Plus ETF                                      HJU         3:1
    -------------------------------------------------------------------------
    

Unit Consolidation

After the TSX has closed for trading on Monday, October 26, 2009, the units of the following ETFs will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a consolidated basis on October 27, 2009, the effective date of the consolidations:

    
    -------------------------------------------------------------------------
                             ETF                      Ticker   Consolidation
                                                                   Ratio
    -------------------------------------------------------------------------
    Horizons BetaPro S&P/TSX Global Base Metals(TM)
     Bear Plus ETF                                      HMD         1:4
    -------------------------------------------------------------------------
    Horizons BetaPro MSCI Emerging Markets
     Bear Plus ETF                                      HJD         1:4
    -------------------------------------------------------------------------
    

For further information visit www.HBPETFs.com

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 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 correspond to the performance of their specified underlying index. BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of September 2009, approximately $2.8 billion amongst 38 ETFs.

SOURCE BetaPro Management Inc.

For further information: For further information: Martin Fabregas, Sr. Vice-President, Horizons Exchange Traded Funds Inc., (416) 601-2508

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BetaPro Management Inc.

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Horizons BetaPro ETFs

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