Horizons ETFs to consolidate units of S&P 500 VIX Short-Term Futures Bull Plus ETF
Horizons ETFs Management (Canada) is to consolidate the units of the Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF.
After the close of trading on 30 July on the Toronto Stock Exchange, the units of the ETF will be consolidated on the basis of a 1:5 ratio and will begin trading on a post consolidated basis on 31 July, the effective date of the consolidation.
When a unit consolidation occurs, the net asset value per unit is increased by the same ratio as the unit consolidation so that the unit consolidation has no impact on the value of the investor's total unit position. An investor's cost per unit is also increased by the same ratio as the unit consolidation, although their total cost remains unchanged.
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