Search
Generic filters
Search in excerpt

An ETF for every investor.

CASH

Horizons High Interest Savings ETF

Price
$50.03
$0.00
0.00%
NAV
$50.0252
$0.0051
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$4.83
$0.00
0.00%
NAV
$4.8115
$0.0753
1.59%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.44
$0.04
0.35%
NAV
$11.4090
$0.1377
1.22%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
Explore All Products
Search
Generic filters
Search in excerpt
Back to Media

Horizons ETFs Announces HOU Share Consolidation

TORONTO – April 22, 2020 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is further announcing today that, in light of recent volatility in the crude oil market and the impact of this volatility on prices of certain of its ETFs, it intends to consolidate the shares of the BetaPro Crude Oil 2x Daily Bull ETF (“HOU” or the “ETF”) as indicated in the table below.

Share Consolidation

After the close of trading on Tuesday, April 28, 2020, on the Toronto Stock Exchange (the “TSX”), the shares of the ETF will be consolidated on the basis of the ratio (the “Consolidation Ratio”) set out below, and will begin trading on a post-consolidated basis on Wednesday, April 29, 2020, the effective date of the consolidation:

ETF Ticker Consolidation Ratio
BetaPro Crude Oil 2x Daily Bull ETF HOU 1:20

 

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 shares, 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.

Shareholder Information

Shareholders of the 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 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 $11 billion of assets under management and 91 ETFs listed on major Canadian stock exchanges.

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

Download PDF

Get Horizons insights in your inbox

Please select whether you are an…*
* Indicates required field

Related Posts

At Horizons ETFs, we believe in education as empowerment. We endeavor to equip Canadian investors with the knowledge and tools they need to navigate the investing world. From the ETF basics to more complex topics like how our suite of inverse and leveraged funds work, our comprehensive learning library aims to be accessible for all investors, from beginners to experienced traders!