Horizons ETFs Reduces Management Fees on Certain ETFs

Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce that it has reduced the management fee on the Horizons S&P/TSX Capped Energy Index ETF ("HXE") and the Horizons S&P/TSX Capped Financials Index ETF ("HXF") to 0.25% from 0.35% for each ETF, effective April 1, 2017.