Horizons announces elimination of PACCs and SWPs together with changes to the distribution

Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs") are announcing that, as a result of efforts to reduce the operating costs for certain exchange traded funds (the "ETFs"), we will be eliminating the pre-authorized cash contribution plans ("PACCs") and the systematic withdrawal plans ("SWPs") offered by Horizons ETFs effective August 1, 2017. Individual dealers may continue to offer their own PACC and SWP programs to their clients. Unitholders do not have to take any action in connection with the termination of the PACCs and SWPs.