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Press release from CNW Group

AlphaPro Announces 2010 Year End Distributions

Monday, December 20, 2010

AlphaPro Announces 2010 Year End Distributions21:22 EST Monday, December 20, 2010TORONTO, Dec. 20 /CNW/ - AlphaPro Management Inc. ("AlphaPro"), the trustee and manager of the Horizons AlphaPro Exchange Traded Funds (the "ETFs") and of the Horizons AlphaPro Funds (the "Funds"), announced today the year-end distributions to unitholders of the ETFs and Funds (the "Unitholders") for the 2010 tax year as indicated in the table below.   Each of the ETFs and Funds are required to distribute any net income and capital gains that they have earned in the year.  All of the cash 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 for their units of the respective ETF or Fund. 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 29, 2010, for all Unitholders of record on December 31, 2010.  The cash distributions will be paid in cash and/or reinvested additional units on or before January 13, 2011. In early 2011, the tax characteristics of all distributions for 2010 for the ETFs and the Funds will be reported to brokers via CDS. For further information visit www.HAPETFs.com.ETF NameTicker SymbolMonthly, Quarterly, Semi-Annual or Annual Cash DistributionAnnual Capital Gains DistributionHorizons AlphaPro Balanced ETFHAA$0.08366$0.11759Horizons AlphaPro Corporate Bond ETFHAB$0.10043$0.07831Horizons AlphaPro Seasonal Rotation ETFHAC-$0.16637Horizons AlphaPro Gartman ETFHAG--Horizons AlphaPro S&P/TSX 60 130/30™ ETFHAH-$0.49966Horizons AlphaPro Dividend ETFHAL$0.06658$0.03657Horizons AlphaPro North American Value ETFHAV$0.02764$0.39543Horizons AlphaPro North American Growth ETFHAW-$0.05800Horizons AlphaPro Managed S&P/TSX 60™ ETFHAX--Horizons AlphaPro Global Dividend ETFHAZ$0.11122$0.15247Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETFHEW$0.05721$0.08070Horizons AlphaPro Preferred Share ETFHPR$0.06424-Horizons AlphaPro Floating Rate Bond ETFHFR--Fund Name   Horizons AlphaPro Fiera Tactical Bond Fund - Class AHAF.UN$0.03750-Horizons AlphaPro Fiera Tactical Bond Fund - Class Fn/a$0.03750-Horizons AlphaPro Income Plus Fund - Class AHAP.UN$0.08092-Horizons AlphaPro Income Plus Fund - Class Fn/a$0.08092-About AlphaPro Management Inc. (www.HAPETFs.com) AlphaPro is an innovative financial services company specializing in actively managed exchange traded funds with assets under management of approximately $490 million as of November 30, 2010. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of single, inverse, leveraged, inverse leveraged and spread ETFs. BetaPro manages approximately $2.4 billion in assets as of November 30, 2010. BetaPro is a subsidiary of Jovian Capital Corporation (JOV:TSX)..For further information: Martin Fabregas, Investor Relations, (416) 601-2508