TORONTO, Dec. 19, 2011 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce the year-end distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the 2011 tax year end, as indicated in the table below.
Each of the ETFs is required to distribute any net income and capital gain that they have earned in the year. All of the distributions indicated in the table will be paid in cash unless the Unitholder has enrolled in the applicable dividend reinvestment plan ("DRIP") of the respective ETF. The annual capital gains distributions will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each Unitholder's adjusted cost base of their units of the respective ETF. The number of units held by the Unitholder will not change as a result of the capital gains distributions.
The ex-dividend date for the Distributions is anticipated to be December 28, 2011, for all unitholders of record on December 30, 2011. The Distributions will be paid in cash and/or reinvested in additional units of the applicable ETF, on or about January 12, 2012.
CLASS E UNITS
| ETF Name | Ticker Symbol | Cash Distribution per Unit | Annualized Yield * | Frequency | Reinvested Annual Capital Gains |
| Horizons Balanced ETF | HAA | $0.04968 | 1.96% | Quarterly | - |
| Horizons Corporate Bond ETF | HAB | $0.03504 | 3.95% | Monthly | $0.02133 |
| Horizons Seasonal Rotation ETF | HAC | $0.01526 | 0.13% | Annually | $0.60664 |
| Horizons Tactical Bond ETF | HAF | $0.03750 | 5.50% | Monthly | - |
| Horizons Dividend ETF | HAL | $0.02333 | 2.54% | Monthly | - |
| Horizons Income Plus ETF | HAP | $0.50293 | 11.91% | Semi-Ann. | - |
| Horizons North American Value ETF | HAV | $0.50776 | 4.82% | Annually | - |
| Horizons Global Dividend ETF | HAZ | $0.03250 | 3.33% | Monthly | - |
| Horizons Floating Rate Bond ETF | HFR | $0.03991 | 4.73% | Monthly | - |
| Horizons Preferred Share ETF | HPR | $0.03730 | 4.38% | Monthly | - |
| Horizons S&P/TSX 60 Equal Weight Index ETF | HEW | $0.05855 | 2.31% | Quarterly | - |
| Horizons Enhanced Income Equity ETF | HEX | $0.10968 | 16.92% | Monthly | - |
| Horizons Enhanced Income Energy ETF | HEE | $0.10341 | 16.95% | Monthly | - |
| Horizons Enhanced Income Gold Producers ETF | HEP | $0.08381 | 13.06% | Monthly | - |
| Horizons Enhanced Income Financials ETF | HEF | $0.07703 | 11.11% | Monthly | - |
| Horizons Enhanced Income International Equity ETF | HEJ | $0.13941 | 17.31% | Monthly | - |
| Horizons Enhanced Income US Equity (USD) ETF (1) | HEA.U | $0.19843 | 23.15% | Monthly | - |
| Horizons Australian Dollar Currency ETF (2) | ASD | $0.03571 | 4.08% | Monthly | - |
ADVISOR CLASS UNITS
| ETF Name | Ticker Symbol | Cash Distribution per Unit | Annualized Yield * | Frequency | Reinvested Annual Capital Gains |
| Horizons Balanced ETF | HAA.A | $0.02396 | 1.09% | Quarterly | - |
| Horizons Corporate Bond ETF | HAB.A | $0.02992 | 3.36% | Monthly | $0.02147 |
| Horizons Seasonal Rotation ETF | HAC.A | - | - | Annually | $0.06848 |
| Horizons Tactical Bond ETF | HAF.A | $0.03377 | 4.95% | Monthly | - |
| Horizons Dividend ETF | HAL.A | $0.01540 | 1.68% | Monthly | - |
| Horizons Income Plus ETF | HAP.A | $0.22160 | 11.32% | Semi-Ann. | - |
| Horizons North American Value ETF | HAV.A | $0.07298 | 3.96% | Annually | - |
| Horizons Global Dividend ETF | HAZ.A | $0.02411 | 2.46% | Monthly | - |
| Horizons Floating Rate Bond ETF | HFR.A | $0.03515 | 4.16% | Monthly | - |
| Horizons Preferred Share ETF | HPR.A | $0.03267 | 3.82% | Monthly | - |
| Horizons Enhanced Income Equity ETF | HEX.A | $0.10453 | 16.07% | Monthly | - |
| Horizons Enhanced Income Energy ETF | HEE.A | $0.09876 | 16.09% | Monthly | - |
| Horizons Enhanced Income Gold Producers ETF | HEP.A | $0.07797 | 12.21% | Monthly | - |
| Horizons Enhanced Income Financials ETF | HEF.A | $0.07143 | 10.27% | Monthly | - |
| Horizons Enhanced Income International Equity ETF | HEJ.A | $0.13254 | 16.46% | Monthly | - |
| Horizons Enhanced Income US Equity (USD) ETF (1) | HEA.V | $0.19111 | 22.30% | Monthly | - |
* Based on the applicable December 15, 2011 net asset value per unit. The Annualized Yield is solely in respect of the cash distributions per unit and does not include the reinvested annual capital gains distributions.
The Distributions will vary from period to period.
(1) -Distributions for Horizons Enhanced Income US Equity (USD) ETF are
declared and paid in U.S. dollars.
(2) -The indicated distribution rate is an estimate only. A final rate
will be declared as soon as it is available.
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the
Horizons ETFs family of ETFs. The Horizons ETFs family includes a
broadly diversified range of investment tools with solutions for
investors of all experience levels to meet their investment objectives
in a variety of market conditions. With more than $3.4 billion in
assets under management and 75 ETFs listed on the Toronto Stock
Exchange, the Horizons ETFs family makes up the largest selection of
ETFs in Canada. Horizons ETFs is a subsidiary of Horizons ETFs
Management (Canada) Inc. and a member of the Mirae Asset Financial
Group.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.