TORONTO, Feb. 16 /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 February 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 March 10, 2011 to Class A and Class F unitholders of
record on February 28, 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, initially expected to be $0.0542 per unit ($0.65 per
annum to yield 6.5% on the issue price of $10.00 per unit). It is
initially expected that monthly distributions received by unitholders
will consist primarily of return of capital.
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 $563 million as of January 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 January 31, 2011. BetaPro is a subsidiary of Jovian
Capital Corporation (JOV:TSX).
SOURCE Horizons Gold Yield Fund
For further information:
Martin Fabregas, Investor Relations, (416) 601-2508