ALPHAPRO ANNOUNCES APRIL 2011 MONTHLY ETF DISTRIBUTIONS

TORONTO, April 19 /CNW/ - AlphaPro Management Inc. ("AlphaPro"), the trustee and manager of the Horizons AlphaPro Exchange Traded Funds (the "ETFs"), announced today the applicable monthly distributions (the "Distributions") to unitholders of the ETFs (the "Unitholders") for the month ending April 30, 2011 as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be April 27, 2011, for all Unitholders of record on April 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 May 11, 2011.

ETF Name Ticker
Symbol
Distribution
Amount per
Unit
Annualized
Yield based on
April 15 Net
Asset Value
Frequency
Horizons AlphaPro Corporate Bond ETF HAB $0.03900 4.63% Monthly
Horizons AlphaPro Tactical Bond ETF HAF $0.03750 5.46% Monthly
Horizons AlphaPro Dividend ETF HAL $0.02291 2.34% Monthly
Horizons AlphaPro Global Dividend ETF HAZ $0.02866 2.94% Monthly
Horizons AlphaPro Floating Rate Bond ETF HFR $0.02150 2.55% Monthly
Horizons AlphaPro Preferred Share ETF HPR $0.03979 4.75% Monthly
Horizons AlphaPro Enhanced Income Equity ETF HEX $0.17874 (1) 14.31% (1) Monthly
Horizons AlphaPro Enhanced Income Energy ETF HEE $0.07861 (2) 15.57% (2) Monthly
Horizons AlphaPro Enhanced Income Gold Producers ETF HEP $0.14562 (2) 28.26% (2) Monthly
(1)   The Horizons AlphaPro Enhanced Income Equity ETF (HEX) was launched on March 17, 2011. The monthly rate for April includes a prorated payment for the period from the ETF's launch to March 31, 2011. Monthly distributions are based primarily on option premiums written against the ETF's equity portfolio. As such, the current rate of distribution may not be repeated in future months.
 
(2)   The Horizons AlphaPro Enhanced Income Energy ETF (HEE) and Horizons AlphaPro Enhanced Income Gold Producers ETF (HEP) were launched on April 12, 2011.  Monthly distributions are based primarily on option premiums written against each ETF's equity portfolio. As such, the current rate of distribution may not be repeated in future months.

About AlphaPro Management Inc. (www.horizonsetfs.com)
AlphaPro is an innovative financial services company specializing in actively managed exchange traded funds with assets under management of approximately $609 million as of March 31, 2011. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro manages the Horizons BetaPro family of exchange traded funds, 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. The Horizons BetaPro ETFs include several types of structures: single, inverse, leveraged, inverse leveraged and spread ETFs. BetaPro manages approximately $2.3 billion in assets as of March 31, 2011. BetaPro is a subsidiary of Jovian Capital Corporation (TSX:JOV).

SOURCE AlphaPro Management Inc.

For further information:

Martin Fabregas, Investor Relations, (416) 601-2508

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AlphaPro Management Inc.

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Horizons AlphaPro Exchange Traded Funds

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