TMXgroup

November 18, 2009

Horizons AlphaPro Seasonal Rotation ETF - An application has been granted for the original listing in the Industrial category of 1,005,000 Class E units (the "Units") of Horizons AlphaPro Seasonal Rotation ETF (the "ETF") all of which will be issued and outstanding upon completion of an initial public offering (the "Offering").

Listing of the Units will become effective at 5:01 p.m. on Thursday, November 19, 2009 in anticipation of the Offering closing on Friday, November 20, 2009. The Units will be posted for trading at the opening on November 20, 2009.

Registration of interests in and transfers of Units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. ("CDS"). Book-entry only certificates representing the Units will be issued in registered form to CDS on the Closing Date. Units must be purchased, transferred and surrendered for retraction only through a CDS Participant.

Additional information on the Units may be found in the prospectus dated November 10, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "HAC"
CUSIP: 44047D 10 4
Trading Currency: CDN

Temporary Market Maker: National Bank Financial Inc.

Other Markets: None

Head Office Address: 26 Wellington Street East, Suite 920
Toronto, Ontario
M5E 1S2
Email Address: info@alphapro.ca

Website Address: www.hapetfs.com

Head Office Telephone Number: (416) 933-5745

Toll Free Number: (866) 641-5739

Fax Number: (416) 777-5181

Manager: AlphaPro Management Inc.

Portfolio Manager: JovInvestment Management Inc.

Custodian: RBC Dexia Investor Services Trust

Investor Relations: Martin Fabregas
(416) 601-2508
mfabregas@alphapro.ca

Chief Financial Officer: Alex Watters

Secretary: Duriya Patel

Incorporation: The ETF was established under the laws of the Province of Ontario and is governed by a master declaration of trust dated November 10, 2009.

Fiscal Year End: December 31

Nature of Business: The investment objective of the ETF is to seek to provide long term capital appreciation in all market cycles by tactically allocating its exposure amongst equities, fixed income, commodities and currencies during periods that have historically demonstrated seasonal trends. The ETF's portfolio may from time to time also include a significant amount of cash and/or cash equivalents.

Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal offices in Toronto.

Distributions: Distributions on the Units of the ETF, which will automatically be reinvested in additional Units of the ETF and then consolidated, are expected to be made annually at the end of each calendar year. The Manager reserves the right to make additional distributions in any year if determined to be appropriate.

Initial Public Offering: Pursuant to the terms of the Prospectus, a maximum of 1,050,000 Units at a price of $10.00 per Unit, are being offered to the public.