Horizons ETFs Management (Canada) Inc., has announced that it intends to consolidate the units of the ETF as indicated in the table below....
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After the close of trading on Thursday, January 15, 2015 on the Toronto Stock Exchange (the “TSX”), the units of the ETF will be consolidated on the basis of the ratio set out below, and will begin trading on a post consolidated basis on Friday, January 16, 2015, the effective date of the consolidation:
ETF: Horizons BetaPro NYMEX® Crude Oil Bull Plus ETF
Consolidation Ratio: 1 : 4
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.
No fractional units will be issued. Where the consolidation results in a fractional unit, the number of post-consolidation units will be rounded down to the nearest whole unit, in the case of a fractional interest that is less than 0.5, or rounded up to the nearest whole number, in the case of a fractional interest that is 0.5 or greater.
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in the ETF. The ETF is not guaranteed. Its value changes frequently and past performance may not be repeated. Please read the prospectus before investing.