News Column

Horizons ETFs announces unit consolidation

July 22, 2014



TORONTO, July 22, 2014 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the manager and trustee of the Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF (the "ETF"), has announced today that it intends to consolidate the units of the ETF as indicated in the table below.

Unit Consolidation

After the close of trading on Wednesday, July 30, 2014 on the Toronto Stock Exchange (the "TSX"), the units of the ETF will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a post consolidated basis on Thursday, July 31, 2014, the effective date of the consolidation:

ETF

Ticker

Consolidation

Ratio

Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF

HVU

1 : 5



 

When a unit consolidation occurs, the net asset value per unit is increased by the same ratio as the unit consolidation so that the unit consolidation has no impact on the value of the investor's total unit position. An investor's cost per unit is also increased by the same ratio as the unit consolidation, although their total cost remains unchanged.

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. 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 $4.1 billion in assets under management and 71 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 more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Canada Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters