BetaPro Management Inc. intends to split or consolidate the units of the two of its exchange traded funds, the company said Monday.

After the Toronto Stock Exchange has closed for trading on April 14 , the units of Horizons BetaPro NYMEX Natural Gas Bear Plus ETF will be split on a 5:1 basis and will begin trading on a split adjusted basis on April 15, and the split will become effective on April 17 for unitholders of record on that date.

Also on April 14, the units of each of Horizons BetaPro NYMEX Natural Gas Bull Plus ETF will be consolidated on a 1:4 basis and will begin trading on a consolidated basis on April 15, the effective date of the consolidation.

BetaPro is a subsidiary of Jovian Capital Corp. and manages approximately $2 billion amongst 32 ETFs.

IE