Horizons AlphaPro Fiera Tactical Bond Fund Announces Monthly Distribution

TORONTO , Jan. 19 /CNW/ - AlphaPro Management Inc. ("AlphaPro") is pleased to announce a distribution for the Horizons AlphaPro Fiera Tactical Bond Fund (the "Fund") for the month ending January 31, 2010 in the amount of $0.05833 for each of the Class A and Class F units of the Fund. The distribution is payable on February 10, 2010 to unitholders of record on January 29, 2010 . The Class A units are listed for trading on the Toronto Stock Exchange ("TSX") under the symbol HAF.UN. The Class F units of the Fund are not publicly listed.

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

AlphaPro, the manager and the trustee of the Horizons AlphaPro ETFs, is an innovative financial services company specializing in actively managed ETFs with assets under management of approximately $127 million as of December 31, 2009 . AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of inverse, leveraged and inverse leveraged ETFs. BetaPro manages approximately $2.5 billion in assets as of December, 2009. BetaPro is a subsidiary of Jovian Capital Corporation, a publicly listed company on the TSX under the symbol JOV.

For further information: AlphaPro Management Inc. at 1-866-641-5739