BetaPro Management Inc. Expects No Capital Gains Distributions for 2009
Each of the ETFs are required to distribute any net income and capital gains that they have earned in the year, however, after consideration of the applicable capital gains refund mechanism allowances and other tax considerations, BetaPro expects that none of the ETFs will be in a position to require such distributions.
"We anticipate that for a third consecutive year that we will have achieved no capital gains distributions across our entire ETF family." said
Final distribution rates, if any, will be announced the first week in
For further information visit www.HBPETFs.com
About BetaPro Management Inc. (www.HBPETFs.com)
Horizons BetaPro Exchange Traded Funds are managed by BetaPro Management Inc., Canada's sole provider of investment tools allowing investors to profit when the market is rising or falling, or to reduce their risk by hedging their existing market exposure. BetaPro is a subsidiary of Jovian Capital Corporation and currently manages approximately
About Jovian Capital Corporation (www.joviancapital.com)
Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Exchange Traded Funds Inc., Horizons Funds Inc., JovFunds Management Inc., JovInvestment Management Inc.,
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Additional information relating to Jovian is available at www.sedar.com and www.joviancapital.com
For further information: Howard Atkinson, President, BetaPro Management Inc., (416) 777-5167; or Martin Fabregas, Sr. Vice President - Sales Operations, Horizons Exchange Traded Funds Inc., (416) 601-2508
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