TORONTO, March 30 /CNW/ - BetaPro Management Inc., the trustee and manager of the exchange traded funds (the "ETFs") listed below, announced today that it intends to split or consolidate the units of the following ETFs, as indicated below:
Unit Split
After the TSX has closed for trading on April 14, 2009, the units of the following ETF will be split on the basis of the ratio (the "Split Ratio") set out below, and will begin trading on a split adjusted basis on April 15, 2009, and the split will become effective on April 17, 2009 for unitholders of record on that date:
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ETF Ticker Split Ratio
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Horizons BetaPro NYMEX Natural Gas Bear Plus ETF HND 5:1
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Unit Consolidation
After the TSX has closed for trading on April 14, 2009, the units of each
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 April 15, 2009, the effective date of the consolidation:
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Consolidation
ETF Ticker Ratio
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Horizons BetaPro NYMEX Natural Gas Bull Plus ETF HNU 1:4
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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 two types of structures: Bull+/Bear+ leveraged ETFs and single inverse ETFs. The HBP Bull+ ETFs and HBP Bear+ ETFs are designed to provide daily investment results, before fees and expenses, that correspond to double the daily performance, or double the inverse daily performance, respectively, of their specified underlying index or benchmark. The HBP Inverse ETFs are designed to provide daily investment results, before fees and expenses, that correspond to the one times the inverse of their specified underlying index or benchmark. BetaPro is a subsidiary of Jovian Capital Corporation and manages approximately $2 billion amongst 32 ETFs.
About Jovian Capital Corporation (www.joviancapital.com)
Jovian Capital Corporation ("Jovian") is a publicly-traded company listed on the Toronto Stock Exchange. Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc., JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., MGI Securities Inc., MGI Securities (USA) Inc., MGI Financial Inc., T.E. Wealth and Felcom Data Services Inc.) manages $12.0 billion of client assets ($6.5 billion in assets under management and $5.5 billion in assets under administration). Additional information is available at www.joviancapital.com and www.sedar.com.
