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Message: BetaPro Management Inc. Announces Unit Split and Consolidation
Oct. 27, 2010 (Canada NewsWire Group) --
TORONTO, Oct. 27 /CNW/ - BetaPro Management Inc. ("BetaPro"), the manager and trustee of the Horizons BetaPro COMEX® Silver Bull Plus and Horizons BetaPro NYMEX® Natural Gas Bull Plus ETF (the "ETFs") listed below, has announced today that it intends to split or consolidate the units of the ETFs, as indicated below:
After the Toronto Stock Exchange (the "TSX") has closed for trading on Friday, November 5, 2010, the units of the Horizons BetaPro COMEX® Silver Bull Plus ETF will be subdivided on the basis of a 3:1 ratio (the "Split Ratio") set out below, and will begin trading on a split adjusted basis on Monday, November 8, 2010, and the split will become effective on November 10, 2010 for unitholders of record on that date:
|Horizons BetaPro COMEX® Silver Bull Plus ETF||HZU||3:1|
After the TSX has closed for trading on Friday, November 5, 2010, the units of the following ETF will be consolidated on the basis of a 1:2 ratio (the "Consolidation Ratio") set out below, and will begin trading on a consolidated basis on November 8, 2010, the effective date of the consolidation:
|Horizons BetaPro NYMEX® Natural Gas Bull Plus ETF||HNU||1:2|
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 four types of structures: Bull+/Bear+ leveraged ETFs, single ETFs, single inverse ETFs and spread ETFs. Each Horizons BetaPro ETF is designed to provide daily investment results, before all fees and expenses and costs, that endeavour to correspond to either: (i) a multiple or inverse multiple (opposite) of the daily performance of a specified underlying index; (ii) the single inverse (opposite) of the daily performance of a specified underlying index; (iii) the daily performance of a specified underlying index, or (iv) the sum of the daily performance of a specified underlying index and the single inverse (opposite) of a second specified underlying index.
BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of September 30 2010, approximately $2.6 billion amongst 44 ETFs.
Martin Fabregas, Sr. Vice-President, Horizons Exchange Traded Funds Inc., (416) 601-2508
Source: Canada Newswire (October 27, 2010 - 6:00 PM EDT)
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