BetaPro Management Inc. Announces Unit Splits and Consolidation
04 März 2011 - 11:00PM
PR Newswire (Canada)
TORONTO, March 4 /CNW/ -- TORONTO, March 4 /CNW/ - BetaPro
Management Inc. ("BetaPro"), the manager and trustee of the
Horizons BetaPro COMEX® Copper Bull Plus ETF, Horizons BetaPro
COMEX® Gold Bullion Bull Plus ETF and Horizons BetaPro COMEX®
Silver Bear Plus ETF (the "ETFs"), has announced today that it
intends to split or consolidate the units of the ETFs, as indicated
below: Unit Splits After the Toronto Stock Exchange (the "TSX") has
closed for trading on Tuesday, March 15, 2011, the units of the
Horizons BetaPro COMEX® Copper Bull Plus ETF and Horizons BetaPro
COMEX® Gold Bullion Bull Plus ETF will be subdivided on the basis
of the ratios (the "Split Ratio") set out below, and will begin
trading on a split adjusted basis on Wednesday, March 16, 2011, and
the splits will become effective on March 18, 2011 for unitholders
of record on that date:
_____________________________________________________________________
| ETF |Ticker|Split Ratio|
|__________________________________________________|______|___________|
|Horizons BetaPro COMEX® Copper Bull Plus ETF | HKU | 2:1 |
|__________________________________________________|______|___________|
|Horizons BetaPro COMEX® Gold Bullion Bull Plus ETF| HBU | 2:1 |
|__________________________________________________|______|___________|
Unit Consolidation After the TSX has closed for trading on Tuesday,
March 15, 2011, the units of the following 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 March 16,
2010, the effective date of the consolidation:
___________________________________________________________________
| ETF |Ticker|Consolidation Ratio|
|________________________________________|______|___________________|
|Horizons BetaPro COMEX® Silver Bear Plus| HZD | 1:4 | |ETF | | |
|________________________________________|______|___________________|
For further information visit www.HBPETFs.com About BetaPro
Management Inc. (www.HBPETFs.com) Horizons BetaPro Exchange Traded
Funds ("HBP ETFs") are managed by BetaPro Management Inc., Canada's
sole provider of investment tools allowing investors to profit when
the market is rising or falling, or to reduce their risk by hedging
their existing market exposure. HBP ETFs offer four types of
structures: Bull+/Bear+ leveraged ETFs, single ETFs, single inverse
ETFs and spread ETFs. Each Horizons BetaPro ETF is designed to
provide daily investment results, before all fees and expenses and
costs, that endeavour to correspond to either: (i) a multiple or
inverse multiple (opposite) of the daily performance of a specified
underlying index; (ii) the single inverse (opposite) of the daily
performance of a specified underlying index; (iii) the daily
performance of a specified underlying index, or (iv) the sum of the
daily performance of a specified underlying index and the single
inverse (opposite) of a second specified underlying index. BetaPro
is a subsidiary of Jovian Capital Corporation and manages, as of
February 28, 2011, approximately $2.4 billion amongst 49 ETFs. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/March2011/04/c8245.html
pMartin Fabregas, Sr. Vice-President, Horizons Exchange Traded
Funds Inc., (416) 601-2508/p
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