Inactive Instrument

Horizons Active Preferred Share ETF

Equities

HPR

CA44051D1078

Horizons Active Preferred Share ETF Declares November 2013 Distributions, Payable on or About December 11, 2013

November 20, 2013 at 06:02 pm EST

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. announced the distribution of $0.03595 per unit on HPR and $0.03133 per unit on HPR. A for Horizons Active Preferred Share ETF for the period ending November 30, 2013. The ex-dividend date for the Distributions is anticipated to be November 27, 2013, for all unitholders of record on November 29, 2013.

The Distributions will be paid in cash on or about December 11, 2013.

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