TORONTO – September 11, 2017 – AlphaPro Management Inc. (“AlphaPro”) and Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) announced today that, subject to any necessary regulatory approval, AlphaPro and Horizons ETFs will amalgamate, effective September 30, 2017. The amalgamated entity will be known as Horizons ETFs Management (Canada) Inc.

There will be no change to the day-to-day management of any ETFs currently managed by AlphaPro. The names, investment objectives, investment strategies, tickers and sub-advisors of all ETFs managed by AlphaPro will remain the same.

AlphaPro originally existed as a separate corporate entity from Horizons ETFs to focus primarily on the management and marketing of actively managed ETFs. Since both firms share the same management team, it was decided that an amalgamation of legal entities would create a more efficient corporate structure.

The AlphaPro corporate entity was originally created to distinguish active management from the other ETF lines of business at Horizons,” said Steve Hawkins, President and Co-CEO of Horizons ETFs. “We feel that our overall business is better served with all ETFs under the larger Horizons ETFs umbrella.” Horizons ETFs manages more than $3.8 billion in actively managed ETFs, and provides the largest suite of actively managed ETFs in Canada by number of offerings. These ETFs generally seek to generate better risk-adjusted returns than comparable index strategies.

Our actively managed ETFs make up nearly half of the assets we manage and continue to be one of the strongest drivers of growth for our overall business,” said Mr. Hawkins. “Our active ETFs have some of the longest ETF track records in the Canada and their success speaks to the fact that Canadian investors have embraced a mix of both active and passive investments in their portfolios.

Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group (“Mirae Asset”). Globally, the Mirae Asset ETF business constitutes almost $20 billion in assets under management amongst 230 plus ETFs listed across six countries, which also includes the BetaShares and Tiger ETF brands, in addition to Horizons ETFs.

With this change, our new streamlined corporate structure will allow us to create more synergy amongst our global ETF teams,” added Taeyong Lee, Co-CEO of Horizons ETFs and Global Head of ETFs, Mirae Asset Global Investments.

About Horizons ETFs Management (Canada) Inc.
Horizons ETFs Management (Canada) Inc. 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. Horizons ETFs has more than $8.2 billion of assets under management and with 76 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada.

About Mirae Asset Global Investments
Mirae Asset Global Investments is a global investment management firm originating from Asia with offices, clients and business lines across the world's major markets (Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the United States and Vietnam). With over US$110 billion in assets under management (as at August 31, 2017), Mirae Asset’s diversified platform offers market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies such as real estate, private equity and hedge funds.

Note to Editors:
All figures in Canadian dollars, unless otherwise indicated.

For further information:
Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739

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Horizons Announces August 2017 Distribution for Certain Active ETFs

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Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

The Horizons Exchange Traded Products consist of the Horizons Index ETFs ("Index ETFs"), 2x Daily Bull and -2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs"), VIX ETFs (defined below) and active ETFs. The 2x Daily ETFs and certain other Horizons Exchange Traded Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These Horizons Exchange Traded Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified underlying index, commodity or benchmark (the "Target") for a single day. Each Index ETF or Inverse ETF seeks a return that is 100% or -100%, respectively, of the performance of a Target. Due to the compounding of daily returns, a 2x Daily ETF's or Inverse ETF's returns over periods other than one day will likely differ in amount and possibly direction from the performance of their respective Target(s) for the same period. The Horizons Exchange Traded Products whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETFs"), one of which is a 2x Daily ETF and one of which is an Index ETF, as described in their prospectus, are speculative investment tools that are not conventional investments. The VIX ETFs' Target is highly volatile. As a result, the VIX ETFs are not generally viewed as stand-alone long-term investments. Historically, the VIX ETFs' Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFs' Target is expected to be negative over the longer term and neither the VIX ETFs nor their Target are expected to have positive long term performance. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. Only the returns for periods of one year or greater are annualized returns.