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Press release from CNW Group

Horizons Announces May 2012 Distributions for Certain Active ETFs

Tuesday, May 22, 2012

Horizons Announces May 2012 Distributions for Certain Active ETFs17:20 EDT Tuesday, May 22, 2012TORONTO, May 22, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the period ending May 31, 2012, as indicated in the table below.The ex-dividend date for the Distributions is anticipated to be May 29, 2012, for all unitholders of record on May 31, 2012.  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 about June 12, 2012.Horizons ETFs will make an additional announcement of the April distributions for its family of covered call exchange traded funds on or about May 23, 2012.CLASS E UNITSETF NameTickerSymbolDistributionper UnitAnnualizedYield *  FrequencyHorizons Corporate Bond ETFHAB$ 0.032873.67%MonthlyHorizons Tactical Bond ETFHAF$ 0.037505.45%MonthlyHorizons Dividend ETFHAL$ 0.024212.64%MonthlyHorizons Global Dividend ETFHAZ$ 0.030003.07%MonthlyHorizons Preferred Share ETFHPR$ 0.036014.15%MonthlyHorizons Floating Rate Bond ETFHFR$ 0.019492.28%MonthlyHorizons U.S. Floating Rate Bond ETF (1) HUF.U$ 0.019352.28%MonthlyHorizons High Yield Bond ETFHYI$ 0.060007.03%MonthlyHorizons Australian Dollar Currency ETFASD$ 0.026863.16%MonthlyADVISOR CLASS UNITSETF NameTicker SymbolDistribution per UnitAnnualized Yield *  FrequencyHorizons Corporate Bond ETFHAB.A$ 0.028043.12%MonthlyHorizons Tactical Bond ETFHAF.A$ 0.033884.93%MonthlyHorizons Dividend ETFHAL.A$ 0.017221.87%MonthlyHorizons Global Dividend ETFHAZ.A$ 0.022662.32%MonthlyHorizons Preferred Share ETFHPR.A$ 0.031853.67%MonthlyHorizons Floating Rate Bond ETFHFR.A$ 0.015011.76%MonthlyHorizons U.S. Floating Rate Bond ETF (1) HUF.V$ 0.014691.73%MonthlyHorizons High Yield Bond ETFHYI.A$ 0.055176.47%Monthly* Based on the applicable May 18, 2012 net asset value per unit which is available at www.horizonsetfs.comThe Distributions will vary from period to period.(1)   Distributions for Horizons U.S. Floating Rate Bond ETF are declared and paid in U.S. dollars.About Horizons Exchange Traded Funds Inc. ( 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 84 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families 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