Horizons ETFs Announces Date for the Resumption of Subscriptions for Units of BetaPro S&P 500 VIX Short-Term Futures™ Daily Inverse ETF (HVI)

TORONTO, March 13, 2018 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") has announced today that further to the press release dated February 27, 2018, it will resume the acceptance of new subscriptions of units of the BetaPro S&P 500 VIX Short-Term Futures^™ Inverse ETF ("HVI") tomorrow, March 14, 2018.  HVI trades on the Toronto Stock Exchange under the ticker symbol "HVI".

Since the close of trading on February 27, 2018, the performance of HVI has corresponded to approximately one-half times the inverse (opposite) of the daily performance of the S&P 500 VIX Short-Term Futures Index (the "Index"), and the performance of HVI is expected to continue to corresponded to approximately one-half times the inverse (opposite) of the daily performance of the Index.

In accordance with the declaration of trust of HVI, and in accordance with applicable securities law, the Manager intends to call a special meeting of unitholders of HVI as soon as practicable, in order to amend HVI's investment objective from seeking to correspond to one times the inverse (opposite) of the daily performance of the Index to seeking to correspond to one-half times the inverse (opposite) of the daily performance of the Index. The Manager will provide unitholders with additional information pertaining to the details of the special meeting, including the matters to be proposed at such meeting, in due course.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product suite includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs currently has approximately $10 billion of assets under management and 82 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

The Horizons Exchange Traded Products consist of the Horizons Index ETFs ("Index ETFs"), 2x Daily Bull and 2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs") and VIX ETFs (defined below). The 2x Daily ETFs and certain other Horizons Exchange Traded Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These Horizons Exchange Traded Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified underlying index, commodity or benchmark (the "Target") for a single day. Each Index ETF or Inverse ETF seeks a return that is 100% or -100%, respectively, of the performance of a Target or presently in the case of HVI, -50% of the performance of the Target. Due to the compounding of daily returns, a 2x Daily ETF's or Inverse ETF's returns over periods other than one day will likely differ in amount and, for the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. The Horizons Exchange Traded Products whose Target is the S&P 500 VIX Short-Term Futures Index^™ (the "VIX ETFs"), one of which is a 2x Daily VIX ETF, one of which is a (1x) VIX ETF, and one of which is a (-0.5x) Inverse VIX ETF as described in their prospectus, are speculative investment tools that are not conventional investments. The VIX ETFs' Target is highly volatile. As a result, the VIX ETFs are not generally viewed as stand-alone long-term investments. Historically, the VIX ETFs' Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFs' Target is expected to be negative over the longer term and neither the 2x Daily nor (1x) VIX ETFs nor their Target are expected to have positive long term performance. In addition, the VIX ETFs' Target has historically experienced some significant one-day increases when equity markets have had large negative returns which, if repeated, could cause the Inverse (-0.5x) VIX ETF to suffer substantial losses. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

SOURCE Horizons ETFs Management (Canada) Inc.

For investor inquiries: 1-866-641-5739 (toll-free) or [phone], [email protected]; For press or other inquiries: Mark Noble, Senior Vice-President and Head of Sales Strategy, Horizons ETFs Management (Canada) Inc., [phone], [email protected]

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