AlphaPro Announces 2010 Year End Distributions

TORONTO, Dec. 20 /CNW/ - AlphaPro Management Inc. ("AlphaPro"), the trustee and manager of the Horizons AlphaPro Exchange Traded Funds (the "ETFs") and of the Horizons AlphaPro Funds (the "Funds"), announced today the year-end distributions to unitholders of the ETFs and Funds (the "Unitholders") for the 2010 tax year as indicated in the table below.   

Each of the ETFs and Funds are required to distribute any net income and capital gains that they have earned in the year.  All of the cash distributions indicated in the table will be paid in cash unless the Unitholder has enrolled in the applicable dividend reinvestment plan ("DRIP") of the respective ETF.  The annual capital gains distributions will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each Unitholder's adjusted cost base for their units of the respective ETF or Fund. The number of units held by the Unitholder will not change as a result of the capital gains distributions.

The ex-dividend date for the distributions is anticipated to be December 29, 2010, for all Unitholders of record on December 31, 2010.  The cash distributions will be paid in cash and/or reinvested additional units on or before January 13, 2011. In early 2011, the tax characteristics of all distributions for 2010 for the ETFs and the Funds will be reported to brokers via CDS. 

For further information visit www.HAPETFs.com.

ETF Name	Ticker Symbol	Monthly, Quarterly, Semi-Annual or Annual Cash Distribution	Annual Capital Gains Distribution
Horizons AlphaPro Balanced ETF	HAA	$0.08366	$0.11759
Horizons AlphaPro Corporate Bond ETF	HAB	$0.10043	$0.07831
Horizons AlphaPro Seasonal Rotation ETF	HAC	-	$0.16637
Horizons AlphaPro Gartman ETF	HAG	-	-
Horizons AlphaPro S&P/TSX 60 130/30™ ETF	HAH	-	$0.49966
Horizons AlphaPro Dividend ETF	HAL	$0.06658	$0.03657
Horizons AlphaPro North American Value ETF	HAV	$0.02764	$0.39543
Horizons AlphaPro North American Growth ETF	HAW	-	$0.05800
Horizons AlphaPro Managed S&P/TSX 60™ ETF	HAX	-	-
Horizons AlphaPro Global Dividend ETF	HAZ	$0.11122	$0.15247
Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETF	HEW	$0.05721	$0.08070
Horizons AlphaPro Preferred Share ETF	HPR	$0.06424	-
Horizons AlphaPro Floating Rate Bond ETF	HFR	-	-
Fund Name
Horizons AlphaPro Fiera Tactical Bond Fund - Class A	HAF.UN	$0.03750	-
Horizons AlphaPro Fiera Tactical Bond Fund - Class F	n/a	$0.03750	-
Horizons AlphaPro Income Plus Fund - Class A	HAP.UN	$0.08092	-
Horizons AlphaPro Income Plus Fund - Class F	n/a	$0.08092	-

About AlphaPro Management Inc. (www.HAPETFs.com)

AlphaPro is an innovative financial services company specializing in actively managed exchange traded funds with assets under management of approximately $490 million as of November 30, 2010. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of single, inverse, leveraged, inverse leveraged and spread ETFs. BetaPro manages approximately $2.4 billion in assets as of November 30, 2010. BetaPro is a subsidiary of Jovian Capital Corporation (JOV:TSX).

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For further information:

Martin Fabregas, Investor Relations, [phone]