Share Consolidation
After the close of trading on Thursday, November 4, 2021, on the Toronto Stock Exchange (the “TSX”), the shares of the Consolidating ETF will be consolidated on the basis of the ratio (the “Consolidation Ratio”) set out below:
ETF Name: BetaPro Natural Gas Inverse Leveraged Daily Bear ETF
Ticker: HND
Consolidation Ratio: 1:10
The shares of HND will begin trading on a post-consolidated basis on Friday, November 5, 2021, the effective date of the consolidation.
When a share consolidation occurs, the net asset value per share is increased by the same ratio as the share consolidation so that the share consolidation has no impact on the value of the investor’s total share position. An investor’s cost per share is also increased by the same ratio as the share consolidation, although their total cost remains unchanged.
No fractional shares will be issued. Where the consolidation results in a fractional share, the number of post-consolidation shares will be rounded down to the nearest whole share, 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.
Horizons ETFs reserves the right to cancel or amend this corporate action if we deem it appropriate to do so, before the effective date of Friday, November 5, 2021.
Shareholder Information
Shareholders of the Consolidating ETF do not need to take any action to effect this transaction. Shareholders will have their brokerage accounts automatically updated to reflect the consolidation. A shareholder’s broker may take several days to reflect this transaction in the shareholder’s account (the “Settlement Period”). However, the shareholder is still able to trade the shares of the Consolidating ETF during this time. If they wish to do so, Horizons ETFs recommends investors contact their broker by phone during the Settlement Period in order to trade the post-consolidation shares.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $19 billion of assets under management and 98 ETFs listed on major Canadian stock exchanges.
For further information:
Contact Martin Fabregas, Investor Relations, (416) 601-2508 or (866) 641-5739
For investor inquiries:
Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745
[email protected]
Catégories: Communiqués, Nouvelles