Horizons announces June 2012 distributions for its covered-call ETFs

TORONTO, June 21, 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 June 30, 2012, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be June 27, 2012, for all unitholders of record on June 29, 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 July 12, 2012.

CLASS E UNITS

ETF Name Ticker
 Symbol 
 Distribution 
per Unit
 Annualized 
Yield *
 Frequency 
Horizons Enhanced Income Equity ETF HEX $0.05962 9.88% Monthly
Horizons Enhanced Income Energy ETF HEE $0.07128 13.31% Monthly
Horizons Enhanced Income Gold Producers ETF HEP $0.05370 10.04% Monthly
Horizons Enhanced Income Financials ETF HEF $0.05607 8.55% Monthly
Horizons Enhanced Income International Equity ETF HEJ $0.10116 13.85% Monthly
Horizons Enhanced Income US Equity (USD) ETF (1)  HEA.U $0.07828 9.26% Monthly
Horizons Gold Yield ETF HGY $0.07117 9.53% Monthly
Horizons Silver Yield ETF HZY $0.05970 9.04% Monthly
Horizons Crude Oil Yield ETF HOY $0.09045 14.53% Monthly
Horizons Natural Gas Yield ETF HNY $0.06718 9.06% Monthly

ADVISOR CLASS UNITS

ETF Name Ticker
 Symbol 
 Distribution 
per Unit
 Annualized 
Yield *
 Frequency 
Horizons Enhanced Income Equity ETF HEX.A $0.05506 9.09% Monthly
Horizons Enhanced Income Energy ETF HEE.A $0.06746 12.52% Monthly
Horizons Enhanced Income Gold Producers ETF HEP.A $0.04924 9.25% Monthly
Horizons Enhanced Income Financials ETF HEF.A $0.05109 7.76% Monthly
Horizons Enhanced Income International Equity ETF HEJ.A $0.09564 13.10% Monthly
Horizons Enhanced Income US Equity (USD) ETF (1)  HEA.V $0.07161 8.47% Monthly
Horizons Gold Yield ETF HGY.A $0.06479 8.68% Monthly
Horizons Silver Yield ETF HZY.A $0.05408 8.19% Monthly
Horizons Crude Oil Yield ETF HOY.A $0.08513 13.68% Monthly
Horizons Natural Gas Yield ETF HNY.A $0.06087 8.21% Monthly

* Based on the applicable June 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 $3.4 billion in assets under management and 86 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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890