Horizons ETFs Announces Share Split

TORONTO, February 4, 2022 /CNW/ – Management of Horizons ETFs (Canada) Inc. (“Horizons ETFs“) today announced its intention to consolidate the shares of the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU“or the”Consolidation ETFs“) as shown in the table below.

After market close on Friday, February 18, 2022on the Toronto Stock Exchange (the “TSX“), the shares of the Consolidating ETF will be consolidated on the basis of the ratio (the “Consolidation ratio“) below :

ETF name

Teleprinter

Consolidation ratio

ETF BetaPro Marijuana Companies 2x Daily Bull

HMJU

1:5

Shares of HMJU will begin trading on a post-consolidated basis on Tuesday, February 22, 2022the effective date of the consolidation.

When a reverse stock split takes place, the net asset value per share is increased by the same ratio as the reverse stock split so that the reverse stock split has no impact on the value of the total stock position of the investor. An investor’s cost per share is also increased by the same ratio as the reverse stock split, although their total cost remains unchanged.

No fractional shares will be issued. When the consolidation results in a fraction, the number of post-consolidation shares will be rounded down to the nearest whole share, in the case of a fraction less than 0.5, or rounded up to the upper integer, in the case of fractional interest greater than or equal to 0.5.

Horizons ETFs reserves the right to cancel or modify this corporate action as we deem appropriate, prior to the effective date of Tuesday, February 22, 2022.

Information to shareholders

Shareholders of the Consolidating ETF do not need to take any action to complete this transaction. Shareholders will see 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 periodHowever, the shareholder can still trade the shares of the consolidating ETF during this period. If desired, Horizons ETFs recommends that investors contact their broker by telephone during the settlement period to trade the shares post-consolidation .shares.

About the management of the Horizons ETFs (Canada) Inc. (www.HorizonsETFs.com)

Management of the Horizons ETFs (Canada) Inc. is an innovative financial services company and offers one of the largest ranges of exchange-traded funds in the world. Canada. The Horizons ETF family of products includes a broadly diversified range of solutions for investors of all experience levels to achieve their investment objectives in various market conditions. Horizons ETFs has over $21 billion in assets under management and 104 ETFs listed on major Canadian exchanges.

Commissions, management fees and expenses all may be associated with an investment in exchange-traded products (“Horizons Exchange-Traded Products”) managed by Horizons ETFs Management (Canada) Inc. Horizons exchange-traded products are not guaranteed, their values ​​change frequently, and past performance may not be repeated. The Prospectus contains important detailed information about Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

For a summary of the risks of investing in the Consolidation ETF, please see the specific risks set out in the prospectus. The Consolidation ETF trades like a stock, its market value fluctuates and may trade at a discount to its net asset value, which may increase the risk of loss.

Management of the SOURCE Horizons ETFs (Canada) Inc.

For further information: Contact Horizons ETFs at 1-866-641-5739 (toll free) or (416) 933-5745, [email protected]

Comments are closed.