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Horizons launches Canada's first Actively Managed Corporate Bond ETF

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AlphaPro Management Inc.

On July 15, 2010, AlphaPro Management Inc. ("AlphaPro"), the manager of the Horizons AlphaPro exchange traded funds ("ETFs"), announced the launch of Canada's first actively managed corporate bond ETF, the Horizons AlphaPro Corporate Bond ETF (the "Corporate Bond ETF"). The Corporate Bond ETF began trading on the Toronto Stock Exchange under the symbol HAB.The investment objective of the Corporate Bond ETF is to seek long-term moderate capital growth and generate high income. The Corporate Bond ETF will invest primarily in a portfolio of debt securities of Canadian and U.S. companies, directly or through investments in securities of other investment funds, including exchange trade funds. Fasken Martineau acted for AlphaPro with respect to the establishment and launch of this ETF with a team that included Garth Foster, Munier Saloojee and Louise Kennedy (investment/securities), and Mitchell Thaw (tax).


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