Split...againOn Sept.16 HNU will go up and HND will go down.
Horizons BetaPro funds to split, consolidate shares
Horizons BetaPro NYMEX Natural Gas Bear Plus ETF (C:HND)
Shares Issued 3,282,500
Last Close 9/1/2009 $22.03
Wednesday September 02 2009 - News Release
Also Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (2) (C:HNU) News Release
Mr. Martin Fabregas reports
BETAPRO MANAGEMENT INC. ANNOUNCES UNIT SPLIT AND CONSOLIDATION
BetaPro Management Inc. intends to split or consolidate units of Horizons BetaPro NYMEX Natural Gas Bear Plus ETF and Horizons BetaPro NYMEX Natural Gas Bull Plus ETF.
Unit split
After the Toronto Stock Exchange has closed for trading on Tuesday, Sept. 15, 2009, the units of HND will be split on the basis of the ratio set out, and will begin trading on a split-adjusted basis on Wednesday, Sept. 16, 2009, with the split to become effective on Sept. 18, 2009, for unitholders of record on that date
ETF Ticker Split ratioHorizons BetaPro NYMEX Natural Gas Bear Plus ETF HND 2:1
Unit consolidation
After the TSX has closed for trading on Tuesday, Sept. 15, 2009, the units of HNU will be consolidated on the basis of the ratio set out, and will begin trading on a consolidated basis on Wednesday, Sept. 16, 2009, the effective date of the consolidation.
ETF Ticker Consolidation ratioHorizons BetaPro NYMEXNatural Gas Bull Plus ETF HNU 1:5