Horizons AlphaPro Inflation/Deflation Protection Fund Files Preliminary
Prospectus

TORONTO, Oct. 1 /CNW/ - AlphaPro Management Inc. ("AlphaPro") is pleased to announce that it has filed a preliminary prospectus in respect of an initial public offering of Class A and Class F Units of the Horizons AlphaPro Inflation/Deflation Protection Fund (the "Fund").

The investment objectives of the Fund are to provide holders of Trust Units with both: (i) semi-annual distributions; and (ii) the opportunity for capital appreciation in periods of inflation and deflation through exposure to the investment strategies of Barclays Capital Fund Solutions, the investment advisory arm of Barclays Capital Inc. ("Barclays"). Barclays has been retained by the portfolio manager, JovInvestment Management Inc. ("JovInvestment"), to act as sub-advisor to the Fund.

The Fund will seek to create a portfolio (the "Portfolio") that delivers inflation and deflation protected returns that are higher than that of a portfolio of U.S. Treasury bonds or U.S. Treasury Inflation-Protected Securities ("TIPs") with medium to low risk. Barclays will advise JovInvestment on the tactical allocation of the exposure of the Fund among three asset classes (the "Asset Classes"): (i) U.S. Treasury bonds and TIPs; (ii) commodities; and (iii) money market securities. Barclays will seek to optimize the portfolio's allocations by means of its proprietary multi-stage methodology. JovInvestment will allocate the Portfolio among the Asset Classes based on Barclays' advice, resulting from their assessment of fundamental and technical factors (including aggregate supply and demand, global economic growth, price momentum and general market trends).

AlphaPro is the manager and trustee of the Fund and its affiliate JovInvestment has been retained to provide investment advisory and portfolio management services to the Fund and to implement the Fund's investment strategy.

Each Class A Unit consists of one transferable Class A trust unit ("Class A Trust Unit") and one transferable Class A Trust Unit purchase warrant ("Class A Warrant"). Each Class F Unit consists of one Class F trust unit ("Class F Trust Unit" and collectively with the "Class A Trust Units", the "Trust Units") and one Class F Trust Unit purchase warrant ("Class F Warrant" and collectively with the "Class A Warrant", the "Warrants"). Each Warrant entitles the holder to purchase one Trust Unit of the corresponding class at a subscription price of $10.00 on or before 5:00 p.m. (Toronto time) on January 31, 2011.

The syndicate of agents for the offering is being led by CIBC World Markets Inc., BMO Capital Markets and RBC Capital Markets, and includes National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Dundee Securities Corporation, Blackmont Capital Inc., GMP Securities L.P., MGI Securities Inc., Blackmont Capital Inc. and Research Capital Corporation.

About AlphaPro Management Inc.

AlphaPro is an innovative financial services company specializing in actively managed ETFs with approximately $100 million in assets under management as at August 31, 2009. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of leveraged, inverse leveraged and inverse ETFs. BetaPro managed over $2.5 billion in assets in the BetaPro ETFs as at August 31, 2009. BetaPro is a subsidiary of Jovian Capital Corporation ("Jovian"), a publicly-traded company listed on the Toronto Stock Exchange (the "TSX") (TSX: JOV). Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies is a national financial services organization with approximately $12.5 billion of client assets (approximately $6.5 billion in assets under management and $6.0 billion in assets under administration) as at August 31, 2009.

About Barclays Bank PLC

Barclays Bank PLC ("Barclays Bank") is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays Bank operates in over 50 countries and employs approximately 145,000 people. Barclays Bank moves, lends, invests and protects money for more than 49 million customers and clients worldwide. The investment banking division of Barclays Bank operates globally under the name Barclays Capital, and operates in the United States through Barclays Capital Inc. Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from your IIROC registered financial advisor. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE AlphaPro Management Inc.

For further information: For further information: Ken McCord, President, AlphaPro Management Inc. at (416) 933-5746 or 1-866-641-5739 or visit www.HAPETFs.com.

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