Horizons AlphaPro Corporate Bond ETF Announces First Quarterly Distribution

TSX Symbol: HAB

TORONTO, Sept. 17 /CNW/ - AlphaPro Management Inc. is pleased to announce the first quarterly distribution for the Horizons AlphaPro Corporate Bond ETF ("HAB" or the "ETF") in the amount of $0.07219 per unit of the ETF. The ETF's units are listed for trading on the Toronto Stock Exchange ("TSX") under the symbol HAB.

The distribution represents the prorated portion of the third quarter of 2010 from HAB's inception date on July 15, 2010 to September 30, 2010. The distribution is payable on October 13, 2010 to the unitholders of record on September 30, 2010.

HAB is Canada's first actively managed corporate bond exchange traded fund. Its investment objective is to seek long-term moderate capital growth and generate high income. HAB will invest primarily in a portfolio of debt securities of Canadian and U.S. companies, directly or through investments in securities of other investment funds, including exchange trade funds.

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