Horizons Announces July 2012 Distributions for its Covered-Call ETFs

TORONTO, July 23, 2012 /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 July 31, 2012, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be July 27, 2012, for all unitholders of record on July 31, 2012.  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 August 13, 2012.

CLASS E UNITS

ETF Name Ticker
  Symbol  
 Distribution 
per Unit
 Annualized 
Yield *
 Frequency 
Horizons Enhanced Income Equity ETF HEX $0.06100 10.07% Monthly
Horizons Enhanced Income Energy ETF HEE $0.05715 10.27% Monthly
Horizons Enhanced Income Gold Producers ETF HEP $0.07274 14.90% Monthly
Horizons Enhanced Income Financials ETF HEF $0.05914 8.73% Monthly
Horizons Enhanced Income International Equity ETF HEJ $0.08307 11.28% Monthly
Horizons Enhanced Income US Equity (USD) ETF (1)   HEA.U $0.07356 8.48% Monthly
Horizons Gold Yield ETF HGY $0.06633 8.76% Monthly
Horizons Silver Yield ETF HZY $0.05650 8.56% Monthly
Horizons Crude Oil Yield ETF HOY $0.05008 7.26% Monthly
Horizons Natural Gas Yield ETF HNY $0.03930 4.81% Monthly

ADVISOR CLASS UNITS

ETF Name Ticker
  Symbol  
 Distribution 
per Unit
 Annualized 
Yield *
 Frequency 
Horizons Enhanced Income Equity ETF HEX.A $0.05643 9.29% Monthly
Horizons Enhanced Income Energy ETF HEE.A $0.05308 9.48% Monthly
Horizons Enhanced Income Gold Producers ETF HEP.A $0.06855 14.11% Monthly
Horizons Enhanced Income Financials ETF HEF.A $0.05401 7.95% Monthly
Horizons Enhanced Income International Equity ETF HEJ.A $0.07751 10.53% Monthly
Horizons Enhanced Income US Equity (USD) ETF (1)   HEA.V $0.06672 7.70% Monthly
Horizons Gold Yield ETF HGY.A $0.05986 7.91% Monthly
Horizons Silver Yield ETF HZY.A $0.05089 7.72% Monthly
Horizons Crude Oil Yield ETF HOY.A $0.04421 6.41% Monthly
Horizons Natural Gas Yield ETF HNY.A $0.03236 3.96% Monthly

* Based on the applicable July 20, 2012 net asset value per unit which is available at www.horizonsetfs.com

Distributions will vary from period to period.

(1) 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, along with any dividend income received, less expenses payable by the ETF. Call option premiums, and therefore the amounts distributed, tend to reflect the prevailing market volatility, either higher or lower. Should volatility levels increase in the future from current levels, it would be expected that call option premiums would generally rise.

About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)

Horizons 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 more than $3.3 billion in assets under management and 81 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 ETFs Management (Canada) Inc.

For further information:

Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739


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