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Press release from CNW Group

Horizons Announces May 2012 Distributions for Its Covered-Call ETFs

Wednesday, May 23, 2012

Horizons Announces May 2012 Distributions for Its Covered-Call ETFs19:22 EDT Wednesday, May 23, 2012TORONTO, May 23, 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.CLASS E UNITSETF NameTickerSymbolDistribution per UnitAnnualized Yield *  FrequencyHorizons Enhanced Income Equity ETFHEX$0.0701811.54%MonthlyHorizons Enhanced Income Energy ETFHEE$0.0785914.07%MonthlyHorizons Enhanced Income Gold Producers ETFHEP$0.0964618.81%MonthlyHorizons Enhanced Income Financials ETFHEF$0.057598.61%MonthlyHorizons Enhanced Income International Equity ETFHEJ$0.1060514.39%MonthlyHorizons Enhanced Income US Equity (USD) ETF (1)HEA.U$0.084679.94%MonthlyHorizons Gold Yield ETFHGY$0.0820010.79%MonthlyHorizons Silver Yield ETFHZY$0.0912013.29%MonthlyHorizons Crude Oil Yield ETFHOY$0.0879012.23%MonthlyHorizons Natural Gas Yield ETFHNY$0.046605.85%MonthlyADVISOR CLASS UNITSETF NameTicker SymbolDistributionper UnitAnnualizedYield *FrequencyHorizons Enhanced Income Equity ETFHEX.A$0.0656210.76%MonthlyHorizons Enhanced Income Energy ETFHEE.A$0.0746413.28%MonthlyHorizons Enhanced Income Gold Producers ETFHEP.A$0.0919618.02%MonthlyHorizons Enhanced Income Financials ETFHEF.A$0.052517.82%MonthlyHorizons Enhanced Income International Equity ETFHEJ.A$0.1004713.64%MonthlyHorizons Enhanced Income US Equity (USD) ETF (1)HEA.V$0.077949.15%MonthlyHorizons Gold Yield ETFHGY.A$0.075499.94%MonthlyHorizons Silver Yield ETFHZY.A$0.0853412.44%MonthlyHorizons Crude Oil Yield ETFHOY.A$0.0817611.38%MonthlyHorizons Natural Gas Yield ETFHNY.A$0.039835.01%Monthly* Based on the applicable May 22, 2012 net asset value per unit which is available at www.horizonsetfs.comDistributions will vary from period to period.(1)Distributions for Horizons Enhanced Income US Equity (USD) ETF are declared and paid in U.S. dollars.Each ETF makes Distributions to unitholders based on the amount of call option premiums received during the month, along with any dividend income received, less expenses payable by the ETF. Call option premiums, and therefore the amounts distributed, tend to reflect the prevailing market volatility, either higher or lower. Should volatility levels increase in the future from current levels, it would be expected that call option premiums would generally rise.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 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