TORONTO, Nov. 1, 2013 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the manager and trustee of the Horizons S&P 500® Index ETF, the Horizons BetaPro S&P 500 VIX Short-Term FuturesTM Bull Plus ETF and the Horizons BetaPro NASDAQ-100® Bear Plus ETF (collectively, the "ETFs"), has announced today that it intends to consolidate the units of the ETFs as indicated in the table below.
After the close of trading on Friday, November 15, 2013 on the Toronto Stock Exchange (the "TSX"), 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 post consolidated basis on Monday, November 18, 2013, the effective date of the consolidation:
"The unit consolidation of HXS will reduce the per-unit trading cost of HXS units," said Howard Atkinson, President of Horizons ETFs. "HXS is already one of the most tax efficient ways for Canadian investors to gain exposure to the S&P 500®, this higher per unit cost further enhances the appeal of HXS for institutional and high-net-worth investors."
|Horizons S&P 500® Index ETF||HXS / HXS.U||1 : 2|
|Horizons BetaPro S&P 500 VIX Short-Term FuturesTM Bull Plus ETF||HVU||1 : 4|
|Horizons BetaPro NASDAQ-100® Bear Plus ETF||HQD||1 : 4|
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. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and has been licensed for use by S&P Dow Jones Indices LLC. "NASDAQ-100 Index®" is a trademark of The NASDAQ OMX Group Inc ("NASDAQ OMX"). "VIX" is a trademark of the Chicago Boards Option Exchange, Incorporated ("CBOE"). These marks have been licensed for use by Horizons ETFs Management (Canada) Inc. The ETFs are not sponsored, endorsed, sold, or promoted by S&P, NASDAQ OMX, CBOE or any of their affiliated companies and none of these parties make any representation, warranty or condition regarding the advisability of buying, selling and holding units/shares in the ETFs. 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 $4.4 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 member of the Mirae Asset Financial Group.
SOURCE: Horizons ETFs Management (Canada) Inc.
For further information:
Martin Fabregas, Investor Relations, [email protected],
(416) 601-2508 or 1-866-641-5739.