Horizons ETFs Management (Canada) Inc., the manager and trustee of the Horizons BetaPro NYMEX® Crude Oil Bull Plus ETF ...
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(HOU:TSX), has announcedthat it intends to consolidate the units of the ETF as indicated in the table below.
After the close of trading on Friday, November 21, 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 Monday, November 24, 2014, the effective date of the consolidation:
ETF: Horizons BetaPro NYMEX® Crude Oil Bull Plus ETF
Consolidation Ratio: 1 : 2
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.
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.