TMXgroup

July 26, 2010

Horizons AlphaPro Balanced ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of 1,015,000 Class E units (the "Units") of the ETF, all of which will be issued and outstanding, and none will be reserved for issuance upon completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Tuesday, July 27, 2010 in anticipation of the offering closing prior to the opening on Wednesday, July 28, 2010. The Units will be posted for trading at the opening on July 28, 2010.

The registration and transfer of Units will be affected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units.

Additional information on the Units may be found in the final prospectus dated July 9, 2010 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "HAA"
CUSIP: 44047N 10 2
Trading: CDN $

Temporary Market Maker: National Bank Financial Inc.

Other Markets: None

Head Office Address: 26 Wellington Street East
Suite 700
Toronto, Ontario
M5E 1S2

Website: www.hapetfs.com

Email: info@hapetfs.com

Head Office Telephone Number: (416) 933-5745

Fax Number: (416) 777-5181

Investor Relations: Martin Fabregas
Tel: (416) 601-2508
Email: mfabregas@alphapro.com

Chief Financial Officer: Alex Watters

Secretary: Duriya Patel

Incorporation: The ETF is an open-ended mutual fund trust established under the laws of Ontario. The ETF was created pursuant to a declaration of trust made as of December 31, 2008, as amended November 10, 2009, February 3, 2010 and July 9, 2010.

Manager and Trustee: AlphaPro Management Inc.

Investment Manager: JovInvestment Management Inc.

Fiscal Year End: December 31

Nature of Business: The investment objective of the ETF is to seek to provide a consistent rate of return balanced between current income and long-term capital growth. The ETF invests primarily in a balanced portfolio of publicly traded equity, income trust and debt securities located primarily in Canada. In order to obtain direct or indirect exposure to these securities, the ETF may invest in exchange traded funds and exchange traded notes. The ETF will, to the best of its ability, seek to hedge its non-Canadian dollar currency exposure to the Canadian dollar at all times.

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

Distributions and Automatic Reinvestment: It is anticipated that the ETF will make distributions on a quarterly basis. The ETF also expects to distribute, on an annual basis, sufficient net income (including net realized capital gains) to Unitholders of that ETF so that the ETF will not be liable for ordinary income tax in any given year. In either case, the distributions will be paid in cash unless a Unitholder is participating in the Reinvestment Plan.

Initial Issuance of Units: Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no minimum number of Units that may be issued. Units sold in connection with the initial public offering for the ETF will amount to 1,015,000 Units at a price of $10.00 per Unit.