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Press release from CNW Group

Horizons ETFs Announces July 2011 Distributions

Wednesday, July 20, 2011

Horizons ETFs Announces July 2011 Distributions17:29 EDT Wednesday, July 20, 2011TORONTO, July 20, 2011 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. announced today the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the period ending July 31, 2011 as indicated in the table below.The ex-dividend date for the Distributions is anticipated to be July 27, 2011, for all unitholders of record on July 29, 2011.  The Distributions will be paid in cash or, if the unitholder has enrolled in the respective ETF's dividend reinvestment plan (DRIP), reinvested in additional units of the applicable ETF, on or before August 11, 2011.ETF NameTickerSymbolDistributionAmount per UnitAnnualized Yield based on July 18, 2011 Net Asset ValueFrequencyHorizons AlphaPro Corporate Bond ETFHAB$0.035414.04%MonthlyHorizons AlphaPro Tactical Bond ETFHAF$0.037505.30%MonthlyHorizons AlphaPro Dividend ETFHAL$0.022972.36%MonthlyHorizons AlphaPro Global Dividend ETFHAZ$0.032503.27%MonthlyHorizons AlphaPro Floating Rate Bond ETFHFR$0.020822.42%MonthlyHorizons AlphaPro Preferred Share ETFHPR$0.039364.57%MonthlyHorizons AlphaPro Enhanced Income Equity ETFHEX$0.1251515.90%MonthlyHorizons AlphaPro Enhanced Income Energy ETFHEE$0.1250316.54%MonthlyHorizons AlphaPro Enhanced Income Gold Producers ETFHEP$0.1490919.09%MonthlyHorizons AlphaPro Enhanced Income Financials ETFHEF$0.1251315.64%MonthlyThe Distributions will vary from period to period.About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of exchange traded funds. 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 approximately $3 billion in assets under management and more than 70 listings on the Toronto Stock Exchange, the Horizons ETFs family makes up the largest selection of ETFs in Canada. Horizons ETFs is a member of the Jovian Capital Corporation (TSX: JOV) group of companies. For further information: Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739