logo
  Join        Login             Stock Quote

Horizons ETFs Announces Unit Consolidation

Wednesday, February 27, 2013 5:05 PM


TORONTO, Feb. 27, 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 S&P 500 VIX Short-Term Futures™ Bull Plus ETF (the "ETF"), listed on the Toronto Stock Exchange ("TSX") under the symbol HVU, has announced today that it intends to consolidate the units of the ETF, as indicated below:

Unit Consolidation

After the TSX has closed for trading on Tuesday, March 12, 2013, 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 consolidated basis on Wednesday, March 13, 2013, the effective date of the consolidation:

     
ETF Ticker Consolidation
Ratio
Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF HVU 1:4

For further information visit www.HorizonsETFs.com

About 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 $4.2 billion in assets under management and 76 ETFs listed on the Toronto Stock Exchange, 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 Exchange Traded Funds Inc.

Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.

(Source: CNW )
(Source: Quotemedia)

Advertisement

Related Stories

  • No Stories Found

Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.