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Distributions

Distributions as of November 18, 2009

Horizons AlphaPro ETFs
Fund Code
Distributions
Date Paid
HAP Fiera Tactical Bond Fund
HAF.UN
$0.07715
August 17, 09
HAP Fiera Tactical Bond Fund
HAF.UN
$0.05833
September 21, 09
HAP Fiera Tactical Bond Fund
HAF.UN
$0.05833
October 19, 09
HAP Fiera Tactical Bond Fund
HAF.UN
$0.05833
November 18, 09
       



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Managed S&P/TSX 60 ETF
Horizons AlphaPro Gartman Fund
Horizons AlphaPro Fiera Tactical Bond Fund




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Commissions, management fees and expenses all may be associated with Exchange Traded Funds (“ETFs”) investments. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. “Standard & Poor’s®” and “S&P®” are registered trademarks of The McGraw-Hill Companies, Inc. and “TSX®” is a registered trademark of the TSX Inc. These marks have been licensed for use by BetaPro Management Inc. The Horizons AlpaPro ETFs are not sponsored endorsed, sold, or promoted by Standard & Poor’s or TSX Group and its affiliated companies and neither party make any representation, warranty or condition regarding the advisability of investing in the HAP ETFs. All trademarks/service marks are registered by their respective owners and licensed for use by BetaPro Management Inc. and/or AlphaPro Management Inc. All the respective owners or any of their affiliates do not sponsor, endorse, sell, promote or make any representation regarding the advisability of investing in Horizons AlphaPro ETFs. Complete trademark and servicemark information is available at www.hapetfs.com/trademark.