An anonymous director of Global X reports

GLOBAL X ETFS ANNOUNCES SHARE CONSOLIDATIONS AND SPLIT

Global X Investments Canada Inc. intends to consolidate shares of certain exchange-traded funds and split the shares of the BetaPro Natural Gas Leveraged Daily Bear ETF as indicated in the attached tables.

Share consolidations

After the close of trading on Nov. 27, 2024, on the Toronto Stock Exchange, the shares of the consolidating ETFs will be consolidated based on the ratio set herein.

Consolidating ETF name                                    Ticker   Consolidation 
                                                                           ratio 

BetaPro Canadian Gold Miners -2X Daily Bear ETF              HGD            1:12               
BetaPro Natural Gas Leveraged Daily Bull ETF                 HNU            1:12               
BetaPro Inverse Bitcoin ETF                          BITI.U/BITI             1:7                
BetaPro S&P/TSX Capped Energy(TM) -2X Daily Bear ETF         HED             1:6                
BetaPro S&P/TSX 60 -2X Daily Bear ETF                        HXD             1:5                
BetaPro Gold Bullion -2X Daily Bear ETF                      HBD             1:4                

The shares of the consolidating ETFs will begin trading on a postconsolidated basis on Nov. 28, 2024, 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 the total cost remains unchanged.

No fractional shares will be issued. Where the consolidation results in a fractional share, the number of postconsolidation 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.

Share split

The shares of HND will be subdivided on the basis of the ratio as set out below. The split will be payable on Nov. 27, 2024, to shareholders of record on Nov. 26, 2024. HND will trade on a due bill basis at the opening of the TSX on Nov. 26, 2024, until the closing of the TSX on Nov. 27, 2024, inclusive. HND will commence trading on a split-adjusted basis on Nov. 28, 2024.

Splitting ETF name                                    Ticker   Split ratio

BetaPro Natural Gas Inverse Leveraged Daily Bear ETF     HND           4:1        

When a split occurs, the net asset value per share is decreased by the same ratio as the share split so that the share split has no impact on the value of the investor's total share position. An investor's cost per share is also decreased by the same ratio as the share split although the total cost remains unchanged. Shareholders of HND on the record date will be entitled to receive additional shares for every share of HND owned on that date, as stated in the attached table.

The due bill trading procedures of the TSX will apply to HND's split of its shares. A due bill is an entitlement attached to listed securities undergoing a corporate action, such as the ones described above. Shares of HND will trade on a due bill basis from the record date until the payment date, inclusive. Any trades that are executed on the TSX during the due bill period will be identified to ensure purchasers of the shares of HND receive the entitlement to the share split. The due bill redemption date is expected to be Nov. 28, 2024.

Global X reserves the right to cancel or amend these corporate actions if deemed appropriate to do so before the effective date of Thursday, Nov. 28, 2024.

Shareholder information

Shareholders do not need to take any action in connection with these transactions. Shareholders will have their brokerage accounts automatically updated to reflect the consolidation and share splits. Shareholders who have questions regarding the impact of these corporate actions should contact their brokerage firm.