ETF Canada
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orologio 1 Horizons ETFs Management (Canada) Inc has announced that it has set the consolidation ratio for the previously announced consolidation of units of the ETF, as outlined below: ...


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Unit Consolidation
 
After the TSX closed for trading today, January 13, 2015, the units of the ETF will be consolidated based on a Consolidation Ratio of 1:1.005951, i.e. for every 1.005951 pre-consolidated units outstanding, one (1) consolidated unit will be issued, such that the net asset value (“NAV”) of the units of the ETF traded on the TSX under the  U.S. dollar (USD)  ticker symbol DLR.U  will now  equal $10.00 USD  after the consolidation.  The units traded under the Canadian dollar symbol DLR will undergo a consolidation at the same Consolidation Ratio. The units of the ETF will begin trading on a consolidated basis on Wednesday, January 14, 2015, the effective date of the consolidation. 
 
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 change frequently and past performance may not be repeated. Please read the prospectus before investing.

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)

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