Four fingers

Horizons ETFs to split or consolidate units of four ETFs

Mon, 09/06/2014 - 10:00

Horizons ETFs Management (Canada) intends to split or consolidate the units of four of its exchange-traded funds.

After the close of trading on 18 June 2014 on the Toronto Stock Exchange, the units of three of the ETFs will be consolidated on the basis of a 1:4 ratio and will begin trading on a post consolidated basis on 19 June. The ETFs are:
 
Horizons BetaPro S&P/TSX Capped Energy Bear Plus ETF (HED)
Horizons BetaPro S&P/TSX Capped Financials Bear Plus ETF (HFD)
Horizons BetaPro S&P 500 Bear Plus ETF (HSD)
 
After the TSX has closed for trading on 18 June, the units of a fourth ETF – the Horizons BetaPro NASDAQ-100 Bull Plus ETF (HQU) – will be subdivided on the basis of a 2:1 ratio and will begin trading on a split adjusted basis on 19 June. The split will become effective on 23 June for unitholders of record on that date.


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