TORONTO – September 22, 2016 - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively “Horizons ETFs”) are pleased to announce the distribution amounts per unit (the “Distributions”) for the Horizons ETFs suite of covered call exchange traded funds (the “ETFs”), for the period ending September 30, 2016, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be September 28, 2016, for all unitholders of record on September 30, 2016. 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 about October 13, 2016.

Current Month
Distribution Rate
NAV Change from
Prior Month(1)
Current Month
Prior Month
Absolute Change
in Yield  from
Prior Month(4)
HEX $0.02915 -0.05% 5.22% 4.57% 0.65%
HEX.A $0.02477 -0.11% 4.42% 3.77% 0.65%
HEE $0.05899 -2.88% 4.81% 3.93% 0.88%
HEE.A $0.04948 -2.95% 4.01% 3.13% 0.88%
HEP $0.29756 -3.89% 10.83% 9.74% 1.09%
HEP.A $0.27432 -3.93% 10.03% 8.94% 1.09%
HEF $0.05174 2.59% 7.39% 6.67% 0.72%
HEF.A $0.04633 2.53% 6.59% 5.87% 0.72%
HEJ $0.03184 1.25% 6.01% 5.43% 0.58%
HEJ.A $0.02760 1.18% 5.21% 4.63% 0.58%
HEA.U $0.05560 -0.54% 6.21% 5.09% 1.12%
HEA $0.05560 0.69% 6.21% 5.09% 1.12%
HEA.V $0.04844 -0.61% 5.41% 4.29% 1.12%
HEA.A $0.04844 0.62% 5.41% 4.29% 1.12%
HGY $0.02278 -0.44% 4.77% 4.76% 0.01%
HGY.A $0.01919 -0.50% 4.02% 4.01% 0.01%
HNY $0.10248 9.40% 7.33% 7.92% -0.59%
HNY.A $0.09093 9.33% 6.50% 7.11% -0.61%

(1) Based on the period from August 22, 2016 to September 21, 2016, where the prior month’s NAV (net asset value) per unit is adjusted to include the prior month’s distribution.
(2) Annualized and based on the applicable September 21, 2016 NAV per unit, which is available at
(3) Annualized and based on the applicable August 22, 2016 NAV per unit, which is available at
(4) The absolute change of the prior month’s previously announced annualized distribution yield, to the current month’s annualized distribution yield.
(5) Distributions for Horizons Enhanced Income US Equity (USD) ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar traded tickers HEA and HEA.A. The approximate Canadian dollar equivalent distribution rates for HEA and HEA.A are $0.07288 per unit and $0.06349 per unit, respectively. For unitholders who hold the Canadian dollar traded HEA and HEA.A, distribution payments will typically be converted to Canadian dollars by the unitholder’s account holder.

Each ETF does not have a fixed distribution but pays distributions monthly. Distribution rates are generally based on the average current volatility of the securities held by the ETF, along with any dividend income received, less expenses payable by the ETF. The amount of monthly cash distributions are expected to fluctuate from month to month, and there can be no assurance that an ETF will make any distributions in any particular month or months. Monthly distributions will be paid in cash, unless the investor has chosen to participate in the ETF’s reinvestment plan.

About Horizons ETFs Management (Canada) Inc.
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies 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 $6.5 billion of assets under management. With 75 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Global Investments Group.

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

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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 include our BetaPro Products which consist of our 2x Daily Bull and 2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs") and our VIX ETF (defined below). 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, 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 Inverse ETF seeks a return that is -100% 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, for the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. The BetaPro Product whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETF"), which is a (1x) VIX 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 generally viewed as 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 ETFs' 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, 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.