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Press release from CNW Group

Horizons Announces March 2013 Distributions for its Covered Call ETFs

Wednesday, March 20, 2013

Horizons Announces March 2013 Distributions for its Covered Call ETFs18:55 EDT Wednesday, March 20, 2013TORONTO, March 20, 2013 /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 March 31, 2013, as indicated in the table below.The ex-dividend date for the Distributions is anticipated to be March 26, 2013 for all unitholders of record on March 28, 2013.  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 April 10, 2013.ETF NameTicker Symbol CurrentMonth Distribution RateNAVChange from Prior Month(1) Current MonthYield(2)PriorMonth Yield(3) Absolute Change in Yield fromPriorMonth(4)Horizons Enhanced Income Equity ETFHEX$0.03536-0.74%5.71%6.18%-0.47%HEX.A$0.03059-0.80%4.92%5.39%-0.47%Horizons Enhanced Income Energy ETFHEE$0.03770-0.55%7.03%7.07%-0.04%HEE.A$0.03368-0.61%6.24%6.29%-0.05%Horizons Enhanced Income Gold Producers ETFHEP$0.05869-3.84%14.24%10.09%4.15%HEP.A$0.05517-3.90%13.45%9.30%4.15%Horizons Enhanced Income Financials ETFHEF$0.03325-0.28%4.67%5.05%-0.38%HEF.A$0.02775-0.34%3.88%4.27%-0.39%Horizons Enhanced Income International Equity ETFHEJ$0.04660-3.04%6.28%6.05%0.23%HEJ.A$0.04074-3.10%5.49%5.26%0.23%Horizons Enhanced Income US Equity (USD) ETF (5)HEA.U$0.03863-0.01%4.32%4.68%-0.36%HEA.V$0.03157-0.07%3.53%3.89%-0.36%Horizons Enhanced US Equity Income ETFHES$0.02715-0.05%3.67%3.98%-0.31%HES.A$0.02131-0.11%2.88%3.19%-0.31%Horizons Active S&P/TSX 60TM Index Covered Call ETF HAX$0.02533-0.11%2.97%2.65%0.32%HAX.A$0.01862-0.17%2.18%1.86%0.32%Horizons Gold Yield ETFHGY$0.036710.54%5.05%5.96%-0.91%HGY.A$0.030520.48%4.20%5.12%-0.92%Horizons Silver Yield ETFHZY$0.03518-1.60%5.41%6.45%-1.04%HZY.A$0.02966-1.67%4.56%5.60%-1.04%Horizons Crude Oil Yield ETFHOY$0.03658-4.70%5.52%5.10%0.42%HOY.A$0.03095-4.76%4.67%4.25%0.42%Horizons Natural Gas Yield ETFHNY$0.116108.96%14.92%21.02%-6.10%HNY.A$0.109478.89%14.07%20.17%-6.10%(1) Based on the period February 19, 2013 to March 19, 2013, where the prior month's net asset value per unit is adjusted to include the prior month's distribution.(2) Annualized and based on the applicable March 19, 2013 net asset value per unit which is available at Annualized and based on the applicable February 19, 2013 net asset value per unit which is available at The absolute change of the prior month's previously announced annualized distribution yield to the current month's annualized distribution yield.(5) 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, less any amounts paid to repurchase call options (together, "Net Call Option Premiums"), along with any dividend income received, less expenses payable by the ETF. Net Call Option Premiums, and therefore the amounts distributed, tend to reflect changes in the prevailing implied volatilities, either higher or lower. Should, in the future, implied volatility levels increase from current levels or amounts paid to repurchase options decrease, it could generally be expected that Net Call Option Premiums would, but not always, increase. Distributions will vary from period to period.For further information regarding the Distributions please visit www.HorizonsETFs.comCertain statements may constitute a forward looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof) to the extent they relate to the ETFs. The forward-looking statements are not historical facts but reflect the ETFs, the ETF's managers or Horizons ETF's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  These and other factors should be considered carefully and readers should not place undue reliance on the ETF's forward looking statements. These forward-looking statements are made as of the date hereof and the ETFs do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.Commissions, trailing commissions, management fees and expenses all may be associated with investments in the ETFs. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.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 approximately $4.3 billion in assets under management and 74 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. SOURCE: Horizons Exchange Traded Funds Inc.For further information: Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739