TORONTO, March 22, 2016 /CNW/ - Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs") are pleased to announce the distribution amounts per unit (the "Distributions") for the Horizons ETFs suite of covered call exchange traded funds (the "ETFs"), for the period ending March 31, 2016, as indicated in the table below.

The ex-dividend date for the Distributions is anticipated to be March 29, 2016, for all unitholders of record on March 31, 2016.  The Distributions will be paid in cash, or if the unitholder has enrolled in the respective ETF's dividend reinvestment plan (DRIP), reinvested in additional units of the applicable ETF, on or about April 12, 2016. 

⁽¹⁾ Based on the period February 18, 2016, to March 21, 2016, where the prior month's net asset value per unit is adjusted to include the prior month's distribution.
⁽²⁾ Annualized and based on the applicable March 21, 2016, net asset value per unit which is available at www.HorizonsETFs.com.
⁽³⁾ Annualized and based on the applicable February 18, 2016, net asset value per unit which is available at www.HorizonsETFs.com.
⁽⁴⁾ The absolute change of the prior month's previously announced annualized distribution yield to the current month's annualized distribution yield.
⁽⁵⁾  Distributions for Horizons Enhanced Income US Equity (USD) ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar traded tickers HEA and HEA.A.  The approximate Canadian dollar equivalent distribution rates for HEA and HEA.A are $0.06552 per unit and $0.05654 per unit, respectively. For unitholders who hold Canadian dollar traded HEA and HEA.A, distribution payments will typically be converted to Canadian dollars by the unitholder's account holder.

Each ETF does not have a fixed distribution but pays distributions monthly. Distribution rates are generally based on the average current volatility of the securities held by the ETF, along with any dividend income received, less expenses payable by the ETF. The amount of monthly cash distributions are expected to fluctuate from month to month and there can be no assurance that an ETF will make any distributions in any particular month or months. Monthly distributions will be paid in cash, unless the investor has chosen to participate in the ETF's reinvestment plan.

For further information regarding the Distributions please visit www.HorizonsETFs.com

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

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. are innovative financial services companies offering the Horizons ETFs family of exchange-traded funds. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $5.4 billion of assets under management and with 70 ETFs listed on the Toronto Stock Exchange, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are members of the Mirae Asset Financial Group.

SOURCE Horizons ETFs Management (Canada) Inc.