Mar. 4, 2011 (Canada NewsWire Group) --
TORONTO, March 4 /CNW/ - BetaPro Management Inc. ("BetaPro"), the manager and trustee of the Horizons BetaPro COMEX® Copper Bull Plus ETF, Horizons BetaPro COMEX® Gold Bullion Bull Plus ETF and Horizons BetaPro COMEX® Silver Bear Plus ETF (the "ETFs"), has announced today that it intends to split or consolidate the units of the ETFs, as indicated below:
Unit Splits
After the Toronto Stock Exchange (the "TSX") has closed for trading on Tuesday, March 15, 2011, the units of the Horizons BetaPro COMEX® Copper Bull Plus ETF and Horizons BetaPro COMEX® Gold Bullion Bull Plus ETF will be subdivided on the basis of the ratios (the "Split Ratio") set out below, and will begin trading on a split adjusted basis on Wednesday, March 16, 2011, and the splits will become effective on March 18, 2011 for unitholders of record on that date:
| ETF | Ticker | Split Ratio |
| Horizons BetaPro COMEX® Copper Bull Plus ETF | HKU | 2:1 |
| Horizons BetaPro COMEX® Gold Bullion Bull Plus ETF | HBU | 2:1 |
Unit Consolidation
After the TSX has closed for trading on Tuesday, March 15, 2011, the units of the following ETF will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a consolidated basis on March 16, 2010, the effective date of the consolidation:
| ETF | Ticker | Consolidation Ratio |
| Horizons BetaPro COMEX® Silver Bear Plus ETF | HZD | 1:4 |
For further information visit www.HBPETFs.com
About BetaPro Management Inc. (www.HBPETFs.com)
Horizons BetaPro Exchange Traded Funds ("HBP ETFs") are managed by BetaPro Management Inc., Canada's sole provider of investment tools allowing investors to profit when the market is rising or falling, or to reduce their risk by hedging their existing market exposure. HBP ETFs offer four types of structures: Bull+/Bear+ leveraged ETFs, single ETFs, single inverse ETFs and spread ETFs. Each Horizons BetaPro ETF is designed to provide daily investment results, before all fees and expenses and costs, that endeavour to correspond to either: (i) a multiple or inverse multiple (opposite) of the daily performance of a specified underlying index; (ii) the single inverse (opposite) of the daily performance of a specified underlying index; (iii) the daily performance of a specified underlying index, or (iv) the sum of the daily performance of a specified underlying index and the single inverse (opposite) of a second specified underlying index.
BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of February 28, 2011, approximately $2.4 billion amongst 49 ETFs.
Martin Fabregas, Sr. Vice-President, Horizons Exchange Traded Funds Inc., (416) 601-2508