Horizons ETFs Confirms 2012 Annual Capital Gains Distributions

TORONTO, Dec. 27, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") confirms today the annual distribution of capital gains to unitholders of certain of the exchange traded funds managed by its affiliates (the "ETFs") for the 2012 tax year as indicated in the table below. Please note that this is an update to the estimated annual capital gains distributions previously announced on December 18, 2012.  Any ETFs that were previously estimated to have a nil capital gains distribution are confirmed as such.

Each of the ETFs is required to distribute any net income and capital gains that they have earned in the year. The annual capital gains distributions will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each unitholder's adjusted cost base for the respective ETF. These amounts are for the annual capital gains distributions and do not include the regular monthly, quarterly or semi-annual cash distributions, as applicable, announced on December 18, 2012.

The ex-dividend date for these distributions is December 27, 2012, for all unitholders of record on December 31, 2012.  In early 2013, the tax characteristics of all distributions for 2012 for the ETFs will be reported to brokers via CDS.

ETF Name Ticker
Final Confirmed
Annual Capital
Gains per Unit
Estimated Annual
Capital Gains per
unit announced on
December 18, 2012
Horizons Active Corporate Bond ETF HAB $0.13108 $0.13108
HAB.A $0.13110 $0.13110
Horizons Active Cdn Dividend ETF HAL $0.89337 $0.89337
HAL.A $0.89348 $0.89348
Horizons Active North American Growth ETF HAW $0.22231 $0.22231
HAW.A $0.12277 $0.12277
Horizons Active High Yield Bond ETF HYI $0.12079 $0.12100
HYI.A $0.12079 $0.12100
Horizons Universa US Black Swan ETF HUS.U $0.19265 $0.22796
HUS.V $0.19198 $0.22757

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 approximately $3.5 billion in assets under management and 79 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 Exchange Traded Funds Inc.

For further information:

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

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Horizons Exchange Traded Funds Inc.

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