An anonymous director reports
HORIZONS ETFS ANNOUNCES CHANGE TO FUTURES CONTRACT EXPOSURE OF HOU & HOD
Further to Horizons ETFs Management (Canada) Inc.'s press releases announcing certain amendments to the rolling methodology employed by the exchange-traded funds effective on April 28, 2020, the BetaPro Crude Oil Daily Bull ETF and the BetaPro Crude Oil -1x Daily Bear ETF, effective as of 2:30 p.m. Eastern Time today, will no longer track the September futures contract; 100 per cent of the underlying exposure of the ETFs will roll to the October crude oil futures contract.
As per the press release issued on April 28, 2020, with respect to subsequent roll dates, the ETFs will no longer roll to the secondary futures contract on the 10th trading day of each month, and the manager will assess the situation on a continuing basis with its derivative counterparties, and will announce any future roll dates and schedule changes, whether monthly, quarterly or otherwise, by issuance of a press release and by way of updates on the manager's website.
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