TORONTO, April 19 /CNW/ - AlphaPro Management Inc. ("AlphaPro"), the trustee and manager of the Horizons Gold Yield Fund (the "Fund"), is pleased to announce the Fund's monthly distribution for April 2011 in
the amount of $0.0542 per Class A unit and Class F unit of the Fund.
The Class A units of the Fund are listed for trading on the Toronto
Stock Exchange (TSX) under the symbol HGY.UN. The Class F units of the Fund are not publicly listed. The distribution
is payable on May 11, 2011 to Class A and Class F unitholders of record
on April 29, 2011.
The Fund's investment objectives are to provide unitholders with: (i)
exposure to the price of gold bullion hedged to the Canadian dollar,
less the Fund's fees and expenses; and (ii) tax-efficient monthly
distributions. For the quarter commencing April 1, 2011, AlphaPro
expects distributions to be $0.0542 per unit ($0.65 per annum to yield
approximately 6.6% per annum on the April 1, 2011 issue price of $9.90
per Class A unit and 6.5% per annum on the April 1, 2011 issue price of
$10.00 per Class F unit). It is initially expected that monthly
distributions received by unitholders will consist primarily of return
About AlphaPro Management Inc. (www.HAPETFs.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 HORIZONS GOLD YIELD FUND
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508.