Horizons ETFs Management (Canada) Inc - BetaPro S&P 500 VIX Short-Term Futures Daily Inverse ETF Class A BTTPF

HVI News Release

[Iseneschal]

FOR IMMEDIATE RELEASE
Horizons ETFs Announces Trading Halt for BetaPro S&P 500 VIX Short-Term Futures™
Daily Inverse ETF
Toronto – February 6, 2018 – Horizons ETFs Management (Canada) Inc. (the “Manager”)
announced today a trading halt on the units of the Horizons S&P 500 VIX Short-Term Futures™
Daily Inverse ETF, which trades on the Toronto Stock Exchange under the ticker symbol
(“HVI”).
HVI seeks daily investment results, before fees, expenses, distributions, brokerage commissions
and other transaction costs that endeavour to correspond to the inverse (opposite) of the daily
performance of the S&P 500 VIX Short-Term Futures Index™.
The Manager’s decision to halt HVI followed its assessment of the extreme volatility in VIXfutures
market that occurred in after-hours market trading yesterday. The unexpected level of
volatility has impaired the trading of the underlying derivatives used by many VIX-related
exchange traded products that seek to provide inverse exposure to the S&P 500 VIX Short-Term
Futures.
The Manager continues to monitor the trading activities in these underlying derivatives and will
advise if any further action on HVI is required in due course. In accordance with HVI’s
declaration of trust and subject to any necessary regulatory approvals, the Manager has also
temporarily suspended redemptions and new subscriptions until further notice.
For investor inquiries:
1-866-641-5739 (toll-free) or [phone]
[e-mail]
For press or other inquiries:
Mark Noble, Head of Sales Strategy
Horizons ETFs Management (Canada) Inc.
[phone]
[e-mail]
Horizons