Horizons ETF Announces ETF Consolidation

toronto, February 3, 2023 /CNW/ – Horizons ETF Management (Canada) Inc. ,horizon etf“) announced today that it intends to consolidate shares of certain exchange traded funds (“ETF“) as shown in the table below.

after the close of trading Friday, February 17, 2023On the Toronto Stock Exchange, the shares of each ETF will be consolidated on a pro rata basis (“consolidation ratio“) set out below and shall commence trading on a consolidated basis at Tuesday, February 21, 2023Effective date of consolidation:

When share consolidation occurs, the net asset value per share increases by the same proportion as the share consolidation so that the share consolidation has no effect on the value of the investor’s total position. An investor’s cost per share also increases by the same proportion as share consolidation, although their total cost remains unchanged.

No fractional shares will be issued. Where the consolidation results in a fractional share, the number of shares after the consolidation shall be rounded up to the nearest whole number, in the case of a fractional interest that is less than 0.5, or rounded to the nearest whole number. Fractional interest matters which is 0.5 or more.

Horizon ETF reserves the right to cancel or modify these corporate actions, if we deem it appropriate, prior to the effective date Tuesday, February 21, 2023,

shareholder information

Shareholders of the ETF are not required to take any action for these transactions to take effect. Shareholders will have their brokerage accounts automatically updated to reflect the consolidation. It may take several days for the shareholder’s broker to reflect these transactions in the shareholder’s account (“settlement period“). However, the shareholder is still able to trade shares of the ETF during this time. If they wish to do so, Horizon ETF investors will be able to trade shares post-consolidation by phone during the settlement period. Recommend to contact your broker.

Horizon ETF Management (CanadaInc. is an innovative financial services company and offers one of the largest suites of Exchange Traded Funds Canada, The Horizon ETF product family includes a wide variety of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has over $24 billion in assets under management and 107 ETFs listed on major Canadian stock exchanges.

Commissions, management fees and expenses may all be associated with investing in exchange traded products managed by Horizon ETF Management (Canada) Inc. (“Horizon Exchange Traded Products”). Horizon exchange traded products are not guaranteed, their prices change frequently and past performance may not be replicated. Certain Horizons Exchange Traded Products may be exposed to leveraged investment techniques that magnify gains and losses and may result in greater price volatility and may be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. Please read the relevant prospectus before investing.

For a summary of the risks of investing in ETFs, please refer to the specific risks set forth in the applicable prospectus. ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which can increase their risk of loss.

This communication is intended for informational purposes only and does not constitute a solicitation of an offer to sell or buy Horizon Exchange traded products and should not be construed as investment, tax, legal or accounting advice, and in this respect Not to be trusted. Individuals should seek the advice of professionals, as appropriate, with respect to any particular investment.

Source Horizon ETF Management (Canada) Inc.

View original content: http://www.newswire.ca/en/releases/archive/February2023/03/c0842.html