TORONTO, Sept. 7, 2011 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate BetaPro Management Inc. ("BetaPro"), the manager and trustee of the Horizons BetaPro COMEX® Gold Bullion Bear Plus ETF (the "ETF"), announced today the intention to consolidate the units of the ETF, as indicated below:
Unit Consolidation
After the Toronto Stock Exchange (the "TSX") has closed for trading on Friday, September 16, 2011, the units of the 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 Monday, September 19, 2011, the effective date of the consolidation:
| ETF | Ticker | Consolidation Ratio |
| Horizons BetaPro COMEX® Gold Bullion Bear Plus ETF | HBD | 1:4 |
For further information visit www.HorizonsETFs.com
About Horizons Exchange Traded Funds 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 $3.3
billion in assets under management and more than 75 listings on the
Toronto Stock Exchange, the Horizons ETFs family makes up the largest
selection of ETFs in Canada. Horizons ETFs is a member of the Jovian
Capital Corporation (TSX: JOV) group of companies.