Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETF Announces First Quarterly
Distribution

TSX Symbol: HEW

TORONTO, Sept. 17 /CNW/ - AlphaPro Management Inc. is pleased to announce the first quarterly distribution for the Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETF ("HEW" or the "ETF") in the amount of $0.03039 per unit of the ETF. The ETF's units are listed for trading on the Toronto Stock Exchange ("TSX") under the symbol HEW.

The distribution represents the prorated portion of the third quarter of 2010 from HEW's inception date on July 14, 2010 to September 30, 2010. The distribution is payable on October 13, 2010 to the ETF unitholders of record on September 30, 2010.

HEW seeks to replicate the performance of the S&P/TSX 60(TM) Equal Weight Index (the "Index"), net of expenses. As its name implies, the Index assigns an equal weight to each of the constituent 60 Canadian stocks in the S&P/TSX 60(TM) Index and is rebalanced on a quarterly basis. The Index and the S&P/TSX 60(TM) Index are comprised of 60 of the largest (by market capitalization) and most liquid securities listed on the TSX, selected by Standard & Poor's using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals.

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