May 19, 2011 (Canada NewsWire Group) --
TORONTO, May 19 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc., announced today the monthly distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the month ending May 31, 2011 as indicated in the table below.
The ex-dividend date for the Distributions is anticipated to be May 27, 2011, for all unitholders of record on May 31, 2011. 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 before June 10, 2011.
| ETF Name | Ticker Symbol | Distribution Amount per Unit | Annualized Yield based on May 18, 2011 Net Asset Value | Frequency |
| Horizons AlphaPro Corporate Bond ETF | HAB | $0.03900 | 4.60% | Monthly |
| Horizons AlphaPro Tactical Bond ETF | HAF | $0.03750 | 5.42% | Monthly |
| Horizons AlphaPro Dividend ETF | HAL | $0.02291 | 2.32% | Monthly |
| Horizons AlphaPro Global Dividend ETF | HAZ | $0.02866 | 2.86% | Monthly |
| Horizons AlphaPro Floating Rate Bond ETF | HFR | $0.02150 | 2.55% | Monthly |
| Horizons AlphaPro Preferred Share ETF | HPR | $0.03979 | 4.70% | Monthly |
| Horizons AlphaPro Enhanced Income Equity ETF | HEX | $0.12743 | 15.53% | Monthly |
| Horizons AlphaPro Enhanced Income Energy ETF | HEE | $0.11914 | 15.13% | Monthly |
| Horizons AlphaPro Enhanced Income Gold Producers ETF | HEP | $0.11545 | 15.39% | Monthly |
| Horizons AlphaPro Enhanced Income Financials ETF (1) | HEF | $0.06117 | 14.75% | Monthly |
(1) The Horizons AlphaPro Enhanced Income Financials ETF (HEF) was launched on May 17, 2011.
The Distributions will vary from month to month.
About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)
Horizons ETFs is an innovative financial services company offering the
Horizons ETFs family of exchange traded funds. 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
billion in assets under management and more than 70 listings on the
Toronto Stock Exchange, the Horizons ETFs family makes up the largest
selection of ETFs in Canada. Horizons ETFs is a member of the Jovian
Capital Corporation (TSX: JOV) group of companies.
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.