TORONTO, April 19, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the manager and trustee of the Horizons BetaPro S&P/TSX Global GoldTM Bull Plus ETF and the Horizons BetaPro COMEX® Silver Bull Plus 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 Friday, May 3, 2013, 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 consolidated basis on Monday, May 6, 2013, the effective date of the consolidations:
|Horizons BetaPro S&P/TSX Global GoldTM Bull Plus ETF||HGU||1:4|
|Horizons BetaPro COMEX® Silver Bull Plus ETF||HZU|| 1:4
For further information visit www.HorizonsETFs.com
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 $4.3 billion in assets under management and 74 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.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739