TORONTO, Sept. 2 /CNW/ - BetaPro Management Inc. ("BetaPro"), manager and trustee of the exchange traded funds (the "ETFs") listed below, has announced today that it intends to split or consolidate units of these ETFs, as indicated below:

Unit Split

After the TSX has closed for trading on Tuesday, September 15, 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 Wednesday September 16, 2009, with the split to become effective on September 18, 2009, for unitholders of record on that date:

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                        ETF                          Ticker  Split Ratio
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Horizons BetaPro NYMEX(R) Natural Gas Bear Plus ETF    HND       2:1
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Unit Consolidation

After the TSX has closed for trading on Tuesday, September 15, 2009, the units 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 Wednesday September 16, 2009, the effective date of the consolidation:

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                        ETF                         Ticker  Consolidation
                                                                Ratio
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Horizons BetaPro NYMEX(R) Natural Gas Bull Plus ETF   HNU        1:5
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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 three types of structures: Bull+/Bear+ leveraged ETFs, single 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. The HBP Single ETFs are designed to provide investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of their specified underlying index.

BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of August 2009, approximately $2.6 billion amongst 38 ETFs.

About Jovian Capital Corporation (www.joviancapital.com)

Jovian Capital Corporation 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 Financial Inc., MGI Securities Inc., MGI Securities (USA) Inc., T.E. Wealth and Felcom Data Services Inc.) manages approximately $12.5 billion of client assets ($6.5 billion in assets under management and $6.0 billion in assets under administration). Additional information is available at www.joviancapital.com and www.sedar.com.