Horizons AlphaPro Balanced ETF Announces First Quarterly Distribution

TSX Symbol: HAA

TORONTO, Sept. 17 /CNW/ - AlphaPro Management Inc. is pleased to announce the first quarterly distribution for the Horizons AlphaPro Balanced ETF ("HAA" or the "ETF") in the amount of $0.03246 per unit of the ETF. The ETF's units are listed for trading on the Toronto Stock Exchange ("TSX") under the symbol HAA.

The distribution represents the prorated portion of the third quarter of 2010 from HAA's inception date on July 28, 2010 to September 30, 2010. The distribution is payable on October 13, 2010 to the unitholders of record on September 30, 2010.

HAA's investment objective is to seek to provide a consistent rate of return balanced between current income and long-term capital growth. HAA invests primarily in a balanced portfolio of publicly traded equity, income trust and debt securities located predominantly in Canada.

For further information: Martin Fabregas, Investor Relations, AlphaPro Management Inc. [phone]