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Press release from CNW Group

Horizons ETFs announces amendment to December 2011 distributions

Tuesday, December 20, 2011

Horizons ETFs announces amendment to December 2011 distributions17:54 EST Tuesday, December 20, 2011TORONTO, Dec. 20, 2011 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are announcing the following amendments to the year-end distribution amounts per unit (the "Distributions") disclosed for certain of the Horizons ETFs family of exchange traded funds (the "ETFs") in the press release dated December 19, 2011.1)  The monthly cash distribution for Horizons Australian Dollar Currency ETF is affirmed as $0.03571 per unit.  The rate was previously disclosed as an estimate.   2)  The monthly cash distribution rates for the Class E and Advisor Class units of Horizons Floating Rate Bond ETF and the semi-annual distribution rates for the Class E and Advisor Class units of Horizons Income Plus ETF are amended as follows:ETF NameTicker Symbol AmendedCash Distribution per UnitAmended Annualized Yield * Original Cash Distributionper UnitOriginal Annualized Yield *Horizons Floating Rate Bond ETF - Class EHFR$0.022622.68%$0.039914.73%Horizons Floating Rate Bond ETF - Advisor Class  HFR.A$0.018002.13%$0.035154.16%Horizons Income Plus ETF - Class EHAP$0.066721.58%$0.5029311.91%Horizons Income Plus ETF - Advisor ClassHAP.A$0.019310.99%$0.2216011.32%* Based on the applicable December 15, 2011 net asset value per unit.The distributions will vary from period to period.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.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.For further information: Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739