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CETFA also announces addition of two new members: iA Clarington and CIBC AM

TORONTO – June 25, 2019 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is proud to announce that its President and CEO Steve Hawkins has been appointed as the new Board Chair for the Canadian ETF Association (“CETFA”). Mr. Hawkins replaces Kevin Gopaul, Global Head of ETFs at BMO Global Asset Management, who has completed his two-year term as Chair.

CETFA is Canada’s principal representative of ETF (“exchange traded fund”) providers and ETF industry professionals. Established in 2011, CETFA’s membership includes 20 ETF providers among its 46 members, which account for more than 95 per cent of Canada’s ETF assets under management. Horizons ETFs is a founding member of the organization.

Within the last few years, Canada’s ETF industry has experienced tremendous growth,” said Steve Hawkins, President and CEO of Horizons ETFs. “I thank Kevin Gopaul for his service to CETFA, where his leadership has seen the ETF industry achieve a number of exciting milestones, from outselling mutual funds last year for the first time in a decade, to an increasing number of entrants bringing new ETFs to market. It’s an exciting time to be in this business. I am thrilled to be able to build on that momentum as the incoming Board Chair.

Steve Hawkins brings over 30 years of experience in the investment industry to his role as CETFA’s Board Chair. He is in part responsible for the proliferation of ETFs in Canada and has brought many first-of-their-kind ETFs to market. As an innovative ETF thought leader and capital markets expert, he was recognized as CEO of the Year at the 2018 Wealth Professional Awards.

Having worked alongside Steve Hawkins since CETFA began, I’m confident that his leadership, global profile and vision for the ETF industry will further propel ETF awareness and uptake,” said Pat Dunwoody, President of CETFA. “Innovation is at the heart of the ETF revolution and I know that is a principle that similarly drives Steve Hawkins.

CETFA’s membership continues to grow. iA Clarington Investments and CIBC Asset Management have recently joined the organization – with both firms having recently introduced ETF products to market. Today, there are 36 ETF providers operating in Canada – double the amount from 2016.

CETFA is holding its 7th Annual General Meeting later today.

About the Canadian ETF Association (CETFA) (www.cetfa.com)
CETFA, formed in late 2011 and the first of its kind, is an independent national association that represents and promotes the Canadian ETF industry. Its focus is to help educate institutional and retail investors, as well as the advisor community, on the benefits and uses of ETFs, provide industry statistics and commentary on ETF-related issues and advance industry issues with regulators, government agencies and interested third parties.

About Horizons ETFs Management (Canada) Inc.
Horizons ETFs is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $10 billion of assets under management and 90 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a member of the Mirae Asset Global Investments Group.

For investor inquiries:
Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745
info@horizonsetfs.com

For media inquiries:
Contact Jonathan McGuire
Corporate Communications Manager
Horizons ETFs Management (Canada) Inc.
(416) 640-2956
jmcguire@horizonsetfs.com

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Horizons ETFs Announces June 2019 Distributions For Certain ETFs

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 include our BetaPro products (the “BetaPro Products”). The BetaPro Products are alternative mutual funds within the meaning of National Instrument 81-102 Investment Funds, and are permitted to use strategies generally prohibited by conventional mutual funds: the ability to invest more than 10% of their net asset value in securities of a single issuer, to employ leverage, and engage in short selling to a greater extent than is permitted in conventional mutual funds. While these strategies will only be used in accordance with the investment objectives and strategies of the BetaPro Products, during certain market conditions they may accelerate the risk that an investment in units of a BetaPro Product decreases in value. The BetaPro Products consist of our 2x Daily Bull and 2x Daily Bear ETFs (“2x Daily ETFs”), Inverse ETFs (“Inverse ETFs”) and our BetaPro S&P 500 VIX Short-Term Futures™ ETF (the “VIX ETF”). Included in the 2x Daily ETFs and the Inverse ETFs are the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and BetaPro Marijuana Companies Inverse ETF (“HMJI”), which track the North American MOC Marijuana Index (NTR) and North American MOC Marijuana Index (TR), respectively. The 2x Daily ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, among other risks, which 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 futures index or benchmark (the “Target”) for a single day. Each Inverse ETF seeks a return that is –100% of the performance of its 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, particularly in the case of the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. Hedging costs charged to BetaPro Products reduce the value of the forward price payable to that ETF. Due to the high cost of borrowing the securities of marijuana companies in particular, the hedging costs charged to HMJI are expected to be material and are expected to materially reduce the returns of HMJI to unitholders and materially impair the ability of HMJI to meet its investment objectives. Currently, the manager expects the hedging costs to be charged to HMJI and borne by unitholders will be between 15.00% and 35.00% per annum of the aggregate notional exposure of HMJI’s forward documents. The hedging costs may increase above this range. The manager will publish, on its website, the updated monthly fixed hedging cost for HMJI for the upcoming month as negotiated with the counterparty to the forward documents, based on the then current market conditions. The VIX ETF, which is a 1x ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not intended as a stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETF’s Target is expected to be negative over the longer term and neither the VIX ETF nor its target is expected to have positive long-term performance. Investors should monitor their holdings in BetaPro Products and their performance at least as frequently as daily to ensure such investment(s) 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.