TORONTO, Feb. 27, 2013 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc., the manager
and trustee of the Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF (the "ETF"), listed on the Toronto Stock Exchange ("TSX") under the symbol HVU, has announced today that it intends to consolidate the units of the
ETF, as indicated below:
Unit Consolidation
After the TSX has closed for trading on Tuesday, March 12, 2013, 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 consolidated basis on
Wednesday, March 13, 2013, the effective date of the consolidation:
| | |
ETF | Ticker | Consolidation Ratio |
Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF
|
HVU
|
1:4
|
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 approximately $4.2 billion in
assets under management and 76 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.
SOURCE: Horizons Exchange Traded Funds Inc.
<p> Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739. </p>