Horizons Active Preferred Share ETF Announces Distribution for the Month of May 2014, Payable on or About June 11, 2014

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. announced the distribution of $0.03442 per HPR unit and $0.02973 per HPR. A unit for Horizons Active Preferred Share ETF, for the period ending May 31, 2014. The ex-dividend date for the distributions is anticipated to be May 28, 2014, for all unit holders of record on May 30, 2014.

The distributions will be paid in cash or, if the unit holder has enrolled in the respective ETF's dividend reinvestment plan (DRIP), reinvested in additional units of the applicable ETF, on or about June 11, 2014.