HORIZONS ETFs ANNOUNCES HMJU SHARE CONSOLIDATION

TORONTO, July 21, 2023 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has announced today that it intends to consolidate shares of the BetaPro Marijuana Companies 2x Daily Bull ETF ("HMJU") as indicated in the table below.

After the close of trading on Friday, August 4, 2023, on the Toronto Stock Exchange (the "TSX"), the shares of HMJU will be consolidated based on the ratio (the "Consolidation Ratio") set out below:

The shares of HMJU will begin trading on a post-consolidated basis on Tuesday, August 8, 2023, the effective date of the consolidation.

When a share consolidation occurs, the net asset value per share is increased by the same ratio as the share consolidation so that the share consolidation has no impact on the value of the investor's total share position. An investor's cost per share is also increased by the same ratio as the 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 post-consolidation shares will be rounded down to the nearest whole share, in the case of a fractional interest that is less than 0.5, or rounded up to the nearest whole number, in the case of a fractional interest that is 0.5 or greater.

Horizons ETFs reserves the right to cancel or amend this corporate action if deemed appropriate to do so before the effective date of Tuesday, August 8, 2023.

Shareholders of HMJU do not need to take any action to effect this transaction.  Shareholders will have their brokerage accounts automatically updated to reflect the consolidation. A shareholder's broker may take several days to reflect this transaction in the shareholder's account (the "Settlement Period"). However, the shareholder is still able to trade the shares of HMJU during this time. If they wish to do so, Horizons ETFs recommends investors contact their broker by phone during the Settlement Period in order to trade the post-consolidation shares.

Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has over $26 billion of assets under management and 113 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $710 billion of assets across 13 countries around the world.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their value changes frequently and past performance may not be repeated. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could 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.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase the Horizons Exchange Traded Products and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment.

SOURCE Horizons ETFs Management (Canada) Inc.