TORONTO – April 21, 2020 – Following its announcement earlier this morning, due to ongoing extreme market volatility in crude oil markets, Horizons ETFs Management (Canada) Inc. (the “Manager”) announces that the indicative net asset value per share of the BetaPro Crude Oil 2x Daily Bull ETF (“HOU”) as at 2:30 p.m. (EST), when the exposure of the ETF was rebalanced to the settlement price of the Light Sweet Crude Oil June futures contract, was estimated to be approximately $0.37 per share.
None of the other ETFs offered by the Manager are affected by this announcement. Earlier today, the Manager announced a temporary suspension of new subscriptions for shares of HOU as well as its BetaPro Crude Oil 2X Daily Bear ETF (“HOD”).
The Manager will advise as soon as there are any further developments with respect to the ETFs.
For investor inquiries:
Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745
For media inquiries:
Contact Jonathan McGuire
Corporate Communications Manager
Horizons ETFs Management (Canada) Inc.