12:47:33 EST Tue 25 Feb 2020
Enter Symbol
or Name

BetaPro Crude Oil 2x Daily Bull ETF
Symbol HOU
Shares Issued 24,016,875
Close 2019-03-19 C$ 7.05
Recent Sedar Documents

Horizons ETFs assessing proposed federal tax changes

2019-03-20 15:27 ET - News Release

See News Release (C-HUN) Horizons Natural Gas ETF

Mr. Mark Noble reports


Horizons ETFs Management (Canada) Inc. is assessing the potential impact of proposed legislative changes tabled by the Minister of Finance in the federal budget on March 19, 2019, on its family of exchange-traded funds. Based on its preliminary assessment, Horizons ETFs has determined that the exchange-traded funds listed in the attached table could be impacted by the changes after their 2019 taxation years.

The proposed legislative changes, which would not take effect with respect to the ETFs until after their respective 2019 taxation years (ending either Dec. 15 or Dec. 31), deal with how certain investment funds are able to allocate income and capital gains to redeeming entities. If the ETFs were to continue to carry on operations after their 2019 taxation years in the same manner as they do currently, the proposed legislative changes could potentially result in taxable distributions to the unitholders of the ETFs in respect of periods after their 2019 taxation years.

Horizons ETFs does not anticipate any impact to the tax treatment of its ETFs for their 2019 taxation years. Horizons ETFs is assessing the potential tax impact on the ETFs after their 2019 taxation years with its legal and tax advisers as well as other industry participants, and it is actively pursuing alternatives to mitigate any potential future tax impact on the ETFs or their unitholders.

Horizons ETFs will provide an update following further assessment of the proposed legislative changes.

ETF name                                                Ticker

Horizons S&P/TSX 60 Index ETF                              HXT   
Horizons S&P 500 Index ETF                                 HXS   
Horizons S&P/TSX Capped Energy Index ETF                   HXE   
Horizons S&P/TSX Capped Financials Index ETF               HXF   
Horizons Cdn Select Universe Bond ETF                      HBB   
Horizons US 7-10 Year Treasury Bond ETF                    HTB   
Horizons NASDAQ-100 Index ETF                              HXQ   
Horizons EURO STOXX 50 Index ETF                           HXX   
Horizons Cdn High Dividend Index ETF                       HXH   
Horizons S&P 500 CAD Hedged Index ETF                      HSH   
Horizons US 7-10 Year Treasury Bond CAD Hedged ETF         HTH   
Horizons Intl Developed Markets Equity Index ETF          HXDM  
Horizons Conservative TRI ETF Portfolio                   HCON  
Horizons Balanced TRI ETF Portfolio                       HBAL  
Horizons Equal Weight Canada REIT Index ETF               HCRE  
Horizons Laddered Canadian Preferred Share Index ETF      HLPR  
Horizons Equal Weight Canada Banks Index ETF              HEWB  
BetaPro S&P 500 VIX Short-Term Futures ETF                 HUV   
Horizons Gold ETF                                          HUG   
Horizons Silver ETF                                        HUZ   
Horizons Crude Oil ETF                                     HUC   
Horizons Natural Gas ETF                                   HUN   
BetaPro Gold Bullion 2x Daily Bull ETF                     HBU   
BetaPro Gold Bullion -2x Daily Bear ETF                    HBD   
BetaPro Crude Oil 2x Daily Bull ETF                        HOU   
BetaPro Crude Oil -2x Daily Bear ETF                       HOD   
BetaPro Natural Gas 2x Daily Bull ETF                      HNU   
BetaPro Natural Gas -2x Daily Bear ETF                     HND   
BetaPro Silver 2x Daily Bull ETF                           HZU   
BetaPro Silver -2x Daily Bear ETF                          HZD   
BetaPro S&P/TSX 60 2x Daily Bull ETF                       HXU   
BetaPro S&P/TSX 60 -2x Daily Bear ETF                      HXD   
BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF        HFU   
BetaPro S&P/TSX Capped Financials -2x Daily Bear ETF       HFD   
BetaPro S&P/TSX Capped Energy 2x Daily Bull ETF            HEU   
BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF           HED   
BetaPro Canadian Gold Miners 2x Daily Bull ETF             HGU   
BetaPro Canadian Gold Miners -2x Daily Bear ETF            HGD   
BetaPro S&P 500 2x Daily Bull ETF                          HSU   
BetaPro S&P 500 -2x Daily Bear ETF                         HSD   
BetaPro NASDAQ-100 2x Daily Bull ETF                       HQU   
BetaPro NASDAQ-100 -2x Daily Bear ETF                      HQD   
BetaPro S&P/TSX 60 Daily Inverse ETF                       HIX   
BetaPro S&P 500 Daily Inverse ETF                          HIU   
Horizons Morningstar Hedge Fund Index ETF                  HHF   

We seek Safe Harbor.

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