Dec. 13, 2010 (Canada NewsWire Group) --
TORONTO, Dec. 13 /CNW/ - AlphaPro Management Inc. ("AlphaPro"), the trustee and manager of the Horizons AlphaPro Exchange Traded
Funds (the "ETFs") and of the Horizons AlphaPro Funds (the "Funds"), announces today the estimated capital gains distributable to
unitholders of the ETFs and Funds (the "Unitholders") for the 2010 tax year as indicated in the table below. Please note that these are estimated amounts only and may contain
forward-looking information which may cause the estimates to change
before the ETFs' and Funds' tax year end on December 15, 2010. Each of the ETFs and Funds are required to distribute any net income
and capital gains that they have earned in the year. The final annual
capital gains distributions will not be paid in cash but will be
reinvested and reported as taxable distributions and will be used to
increase each Unitholder's adjusted cost base for the respective ETF or
Fund. These estimated amounts are for the annual capital gains
distributions and do not include estimates of any regular monthly,
quarterly or semi-annual cash distributions, as applicable.
AlphaPro expects to announce the final year-end income and capital gains
distribution amounts, as well as regular monthly, quarterly or
semi-annual distribution amounts, on or about December 20, 2010. The
ex-dividend date for the distributions is anticipated to be December
29, 2010, for all Unitholders of record on December 31, 2010. In early
2011, the tax characteristics of all distributions for 2010 for the
ETFs and the Funds will be reported to brokers via CDS.
For further information visit www.HAPETFs.com.
ETF/Fund Name
|
Ticker Symbol
|
Estimated Annual Capital Gain per Unit as of Dec. 9, 2010
|
Net Asset Value per Unit as of Dec. 9, 2010
|
Est. Cap Gains as a % of NAV as of Dec. 9, 2010
|
Horizons AlphaPro Balanced ETF
|
HAA
|
$0.1159
|
$10.6349
|
1.09%
|
Horizons AlphaPro Corporate Bond ETF
|
HAB
|
$0.0796
|
$10.1080
|
0.79%
|
Horizons AlphaPro Seasonal Rotation ETF
|
HAC
|
$0.2036
|
$11.2852
|
1.80%
|
Horizons AlphaPro Gartman ETF
|
HAG
|
-
|
$9.0026
|
0.00%
|
Horizons AlphaPro S&P/TSX 60 130/30™ ETF
|
HAH
|
$0.5908
|
$12.1722
|
4.85%
|
Horizons AlphaPro Dividend ETF
|
HAL
|
$0.0467
|
$11.1199
|
0.42%
|
Horizons AlphaPro North American Value ETF
|
HAV
|
$0.6609
|
$10.6211
|
6.22%
|
Horizons AlphaPro North American Growth ETF
|
HAW
|
$0.1410
|
$12.0044
|
1.17%
|
Horizons AlphaPro Managed S&P/TSX 60™ ETF
|
HAX
|
-
|
$11.6075
|
0.00%
|
Horizons AlphaPro Global Dividend ETF
|
HAZ
|
$0.1658
|
$11.2427
|
1.47%
|
Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETF
|
HEW
|
$0.0809
|
$11.4590
|
0.71%
|
Horizons AlphaPro Preferred Share ETF
|
HPR
|
-
|
$9.9603
|
0.00%
|
|
|
|
|
|
Horizons AlphaPro Fiera Tactical Bond Fund - Class A
|
HAF.UN
|
-
|
$8.5118
|
0.00%
|
Horizons AlphaPro Fiera Tactical Bond Fund - Class F
|
n/a
|
-
|
$8.8805
|
0.00%
|
Horizons AlphaPro Income Plus Fund - Class A
|
HAP.UN
|
-
|
$9.3140
|
0.00%
|
Horizons AlphaPro Income Plus Fund - Class F
|
n/a
|
-
|
$9.6649
|
0.00%
|
About AlphaPro Management Inc. (www.HAPETFs.com)
AlphaPro is an innovative financial services company specializing in
actively managed exchange traded funds with assets under management of
approximately $490 million as of November 30, 2010. AlphaPro is a
subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of single, inverse, leveraged,
inverse leveraged and spread ETFs. BetaPro manages approximately $2.4
billion in assets as of November 30, 2010. BetaPro is a subsidiary of
Jovian Capital Corporation (JOV:TSX).
Martin Fabregas, Investor Relations, (416) 601-2508