TSXgroup

March 24, 2009

Horizons AlphaPro Gartman Fund - An application has been granted for the original listing in the Industrial category of up to 18,750,000 Class A units (the "Units") of Horizons AlphaPro Gartman Fund (the "Fund") of which up to 15,000,000 Units will be issued and outstanding and up to 3,750,000 Units will be reserved for issuance upon completion of an initial public offering (the "Offering").

Listing of the Units will become effective at 5:01 p.m. on Wednesday, March 25, 2009 in anticipation of the Offering closing on Thursday, March 26, 2009. The Units, other than those which have not been distributed to the public, will be posted for trading at the opening on March 26, 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 final prospectus dated February 26, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "HAG.UN"
CUSIP: 44044Y 10 1
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.

Investment Manager: JovInvestment Management Inc.

Custodian: RBC Dexia Investor Services Trust

Investor Relations: Kristen Winther
(416) 777-5169
kwinther@alphapro.ca

Chief Financial Officer: Alex Watters

Secretary: Duriya Patel

Incorporation: The Fund is an investment trust established under the laws of the Province of Ontario pursuant to a declaration of trust dated as of February 26, 2009.

Fiscal Year End: December 31

Nature of Business: The Fund has been created to provide investors with the opportunity for capital appreciation through exposure to the investment strategies of The Gartman Letter, L.C., founded by Dennis Gartman. The Fund will use equity securities, futures contracts and exchange-traded funds to provide the Fund with long and short exposure to multiple asset classes which may include but are not limited to global equities, commodities, fixed income and currencies.

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

Distributions: To the extent that the Fund realizes net income and net capital gains in a year, the Fund intends to make payable to Unitholders on or before December 31 of that year such portion thereof as is necessary to ensure that it will not be liable for income tax thereon under the Tax Act. Such distributions will be made in Units and may, at the discretion of the Fund, be automatically consolidated. The Fund may also, at the discretion of the Manager, make special distributions at any time. The Fund does not intend to pay regular distributions to Unitholders.

Automatic Conversion to an Exchange Traded Fund: If after September 30, 2009, the daily weighted average trading price (or, in the event there has been no trading on a particular day, the average of closing bid and ask prices) of the Units is greater than a discount of 2% of the NAV per Unit for that day or exceeds their issue price of $10.00 in each case for a period of 10 consecutive trading days, but in any event no later than March 31, 2010, there will be an automatic conversion (the "Conversion") of the Units and the Class F Units of the Fund into Class E Units of an exchange-traded fund. For each Unit or Class F Unit so converted, a holder will receive a number of Class E Units equal to the NAV per unit of a Unit or Class F Unit, respectively, as of the date upon which the Conversion takes place, divided by the NAV per Class E Unit as of such day rounded down to the nearest whole Class E Unit. The Manager will issue a press release announcing the effective date of such Conversion as soon as reasonably practicable thereafter. TSX will also issue a bulletin announcing the details of the Conversion.

Initial Public Offering: Pursuant to the terms of the Prospectus, a maximumof 15,000,000 Units at a price of $10.00 per Unit, are being offered to the public by CIBC World Markets Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Dundee Securities Corporation, Blackmont Capital Inc., MGI Securities Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Desjardins Securities Inc. and GMP Securities L.P., as agents. In addition the Fund has granted the agents an over-allotment option, for 30 days after the closing of the Offering, to purchase up to an additional 2,250,000 Units at $10.00 per Unit.

Exchange of Class F Units: Prior to the Conversion, a holder of Class F Units may exchange Class F Units into Units. Where proper notice of the exchange from Class F Units into Units has been provided (together with the Class F Units to be exchanged) on any business day ending before 5:00 p.m. (Toronto time) on the last day of a month (the "Monthly Exchange Notification Date"), such Class F Units will be exchanged into Units on or before the 10th business day following the Monthly Exchange Notification Date (the "Monthly Exchange Date"). For each Class F Unit so exchanged, a Unitholder will receive a number of Units equal to the NAV per Class F Unit as of the Monthly Exchange Date divided by the NAV per Unit as of the Monthly Exchange Date rounded down to the nearest whole Unit. No fractional Units will be issued on an exchange of Class F Units.