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Horizons ReSolve Adaptive Asset Allocation ETF

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BetaPro S&P 500 VIX Short-Term Futures™ 2X Daily Bull ETF Resumes Acceptance of New Subscriptions with Daily Limit

TORONTO – February 6, 2018 – Horizons ETFs Management (Canada) Inc. (the “Manager” or “Horizons ETFs”) has announced the resumption of new subscriptions, with a temporary capped limit until further notice, for units of the BetaPro S&P 500 VIX Short-Term Futures™ 2X Daily Bull ETF, which trades on the Toronto Stock Exchange under the ticker symbol “HVU”.

Earlier today, the Manager announced the suspension of new subscriptions for units of HVU during the market’s digestion of the extreme volatility in the VIX-futures markets that occurred during after-hours trading on Monday evening.

While the suspension on new subscriptions has been lifted, the Manager currently intends to limit the amount of daily net new subscriptions that the ETF can accept to 50% of the issued and outstanding units of the ETF based on the prior trading day.

Daily subscriptions into HVU will be accepted by the Manager on a first-come, first-served basis with no new subscriptions being accepted after the proposed daily limit is reached. In the event that the daily limit is reached on any day, the Manager will issue a press release announcing that new subscriptions for that day have thereafter been suspended.

The Manager continues to monitor the trading activities in HVU’s underlying exposure and will remove the temporary limit on new subscriptions when it considers it in the best interests of the ETF to do so.

HVU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to two times (200%) the daily performance of the S&P 500 VIX Short-Term Futures Index™.

Investing in ETFs that seek to replicate either the performance or the inverse performance of the S&P 500 VIX Short-Term Futures Index™ is historically much riskier than investing in more traditional asset classes. Despite the underlying volatility of investing in this assets class, Horizons ETFs remains committed to offering volatility-focused ETFs and will undertake all options available to ensure investors can continue to gain exposure to this asset class through its ETF offerings.

For investor inquiries:
1-866-641-5739 (toll-free) or (416) 933-5745
info@horizonsetfs.com

For press or other inquiries:
Mark Noble, Senior Vice-President and Head of Sales Strategy
Horizons ETFs Management (Canada) Inc.
(416) 640-8254
mnoble@horizonsetfs.com

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