Horizons AlphaPro Fiera Tactical Bond Fund Announces First Monthly Distribution

    TORONTO, Aug. 17 /CNW/ - AlphaPro Management Inc. ("AlphaPro") is pleased
to announce the first monthly distribution for the Horizons AlphaPro Fiera
Tactical Bond Fund (the "Fund") in the amount of $0.07715 per Class A unit of
the Fund and $0.07715 per Class F unit of the Fund.
    The distribution represents the pro-rated portion of the targeted annual
distribution of $0.70 per Class A and Class F unit for the period from July
22, 2009, the date of the Fund's initial public offering, to August 31, 2009.
The distribution is payable on September 11, 2009, to Class A and Class F
unitholders of record on August 31, 2009. The Class A units are listed for
trading on the Toronto Stock Exchange ("TSX") under the symbol HAF.UN. The
Class F units of the Fund are not publicly listed.

    About AlphaPro Management Inc. (www.hapetfs.com)

    AlphaPro, the manager and the trustee of the Horizons AlphaPro ETFs, is
an innovative financial services company specializing in actively managed ETFs
with assets under management of approximately $100 million as of July 31,
2009. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro
is Canada's largest provider of inverse, leveraged and inverse leveraged ETFs.
BetaPro manages approximately $2.5 billion in assets as of July 31, 2009.
BetaPro is a subsidiary of Jovian Capital Corporation.

For further information:

For further information: AlphaPro Management Inc. at 1-866-641-5739

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Jovian Capital Corporation

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AlphaPro Management Inc.

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