Wednesday, May 23, 2012

ASD - <span class="simulate_din_font">Horizons Enhanced U.S. Equity Income Fund Announces Monthly Distribution</span> (CAD 0.0595)

Company: Horizons Australian Dollar Currency ETF
Stock Name: ASD
Amount: CAD 0.0595
Announcement Date: 23/05/2012
Record Date: 29/05/2012

Dividend Detail:




TORONTO, May 23, 2012 /CNW/ - Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. are pleased to announce
the monthly distribution of the Horizons Enhanced U.S. Equity Income
Fund (the "Fund") for May 2012 in the amount of $0.05945 per Class A unit of the Fund.
The Class A units of the Fund are listed for trading on the Toronto
Stock Exchange ("TSX") under the symbol HES.UN.



The distribution represents a 7.02% annualized yield on the Fund's
initial public offering price of $10.00 per Class A unit. The May
distribution ex-dividend date is anticipated to be May 29, 2012, for
all Class A unitholders of record on May 31, 2012. The distribution is
payable on June 12, 2012.



The Fund's investment objectives are to provide holders of units with:
(a) the performance of an equal weighted portfolio of equity securities
of large capitalization U.S. companies; (b) the opportunity for capital
appreciation; (c) monthly distributions; and (d) lower overall
volatility of portfolio returns than would be experienced by owning the
Fund's equity portfolio without employing a covered call option
strategy.�� To mitigate the downside risks associated with holding the
Fund's equity portfolio, generate cashflow and allow for potential
capital appreciation, the Fund generally writes short-term,
"out-of-the-money" covered call options on 100% of its equity
securities. The level of covered call option writing may vary based on
market volatility and other factors. The Fund generally seeks to hedge
substantially all of its exposure to the U.S. dollar back to the
Canadian dollar.



About Horizons Exchange Traded Funds Inc. (www.horizonsetfs.com)

Horizons ETFs is an innovative financial services company offering the
Horizons ETFs family of ETFs. 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. With more than $3.4 billion in
assets under management and 84 ETFs listed on the TSX, the Horizons
ETFs family makes up one of the largest families of ETFs in Canada.
Horizons ETFs is a��subsidiary of Horizons ETFs Management (Canada) Inc.
and a member of the Mirae Asset Financial Group.






For further information:

Martin Fabregas, Investor Relations, (416) 601-2508 or 1-866-641-5739.









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