BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HBTPF)

HORIZONS ETFs ANNOUNCES ETF CONSOLIDATIONS

Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has announced today that it intends to consolidate, as applicable, shares or units (the "Securities" or each individually a "Security") of certain ETFs (the "Consolidating ETFs") as indicated in the table below.