TORONTO, June 12, 2014 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs"), the manager and trustee of Horizons BetaPro NASDAQ-100®
Bull Plus ETF (the "ETF"), today announced that in
accordance with the applicable rules of the Toronto Stock Exchange
(the "TSX"), the "due bill" trading procedures of the TSX
will apply to the ETF's previously announced two-for-one (2:1)
split of its units. The record date of the split will be
Friday, June 20, 2014. Unitholders of
the ETF on the record date will be entitled to receive one
additional unit for every unit of the ETF they own on that date.
The units of the ETF trade on the TSX under the symbol
HQU.
A "due bill" is an entitlement attached to listed securities
undergoing a corporate action, such as the one described above. The
units of the ETF will trade on a "due bill" basis from two trading
days prior to the record date - June 18,
2014, to the payment date - June 23,
2014, inclusive (the "due bill period"). Any trades that are
executed on the TSX during the due bill period will be identified
to ensure purchasers of the units of the ETF receive the
entitlement to the unit split.
The units of the ETF will commence trading on an "ex-dividend"
basis on June 24, 2014, as of which
date purchases of the ETF's units will no longer have an attached
entitlement to the unit split. Please note that the previous press
release announcing the unit split dated June
6, 2014 made reference to an effective date of June 23, 2014. The effective date is hereby
amended to June 24, 2014. The due
bill redemption date will be June 26,
2014.
Unitholders of the ETF do not need to take any action.
Unitholders will have their brokerage accounts automatically
updated to reflect the unit split.
For further information, visit www.HorizonsETFs.com
Commissions, trailing commissions, management fees and
expenses all may be associated with an investment in the ETFs. The
ETFs are not guaranteed, their values change frequently and past
performance may not be repeated. Please read the prospectus before
investing.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs is an innovative financial services company
offering the Horizons ETFs family of exchange-traded funds. The
Horizons ETFs family includes a broadly diversified range of
investment tools with solutions for investors of all experience
levels to meet their investment objectives in a variety of market
conditions. With approximately $4.1
billion in assets under management and 70 ETFs listed on the
TSX, the Horizons ETFs family makes up one of the largest families
of ETFs in Canada. Horizons ETFs
is a member of the Mirae Asset Financial Group.
SOURCE Horizons ETFs Management (Canada) Inc.