TORONTO, April 25, 2012 /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 Horizons BetaPro NYMEX® Natural Gas Inverse ETF (together, the "ETFs"), are announcing today that it intends to split the units of the ETFs, as indicated below:
After the Toronto Stock Exchange (the "TSX") has closed for trading on Friday, May 4, 2012, the units of the ETFs will be subdivided on the basis of the ratios (the "Split Ratios") set out below, and will begin trading on a split adjusted basis on Monday, May 7, 2012, and the split will become effective on May 9, 2012 for unitholders of record on that date:
|Horizons BetaPro NYMEX® Natural Gas Bear Plus ETF||HND||4:1|
|Horizons BetaPro NYMEX® Natural Gas Inverse ETF||HIN||4:1|
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 more than $3.3 billion in assets under management and 83 ETFs listed on the Toronto Stock Exchange, 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.
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739