Press release from CNW Group
Horizons ETFs announces unit consolidations
Friday, March 22, 2013
Horizons ETFs announces unit consolidations17:01 EDT Friday, March 22, 2013TORONTO, March 22, 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 NYMEX® Natural Gas Bear Plus ETF and the Horizons BetaPro S&P 500 VIX Short-Term Futures™ ETF (together, the "ETFs"), has announced today that it intends to consolidate the units of the ETFs, as indicated below:Unit ConsolidationAfter the Toronto Stock Exchange ("TSX") has closed for trading on Thursday, April 4, 2013, the units of the ETF will be consolidated on the basis of the ratios (the "Consolidation Ratios") set out below, and will begin trading on a consolidated basis on Friday, April 5, 2013, the effective date of the consolidation:ETFTickerConsolidation RatioHorizons BetaPro NYMEX® Natural Gas Bear Plus ETFHND1:2Horizons BetaPro S&P 500 VIX Short-Term Futures™ ETFHUV1:4For further information visit www.HorizonsETFs.comAbout 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 $4.3 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 subsidiary of Horizons ETFs Management (Canada) Inc. and 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.