HEX Horizons Enhanced Income Equity ETF

TORONTO, March 28 /CNW/ -- TORONTO, March 28 /CNW/ - AlphaPro Management Inc. ("AlphaPro"), the manager and trustee of Horizons AlphaPro Managed S&P/TSX 60(™) ETF (the "ETF"), announces that it will hold a special meeting of the unitholders of the ETF (the "Unitholders") on May 31, 2011. Units of the ETF trade on the Toronto Stock Exchange ("TSX") under the symbol HAX. At the meeting, Unitholders will be asked to consider and vote on a proposal to merge the ETF into the Horizons AlphaPro S&P/TSX 60( )Equal Weight Index ETF (HEW:TSX), with an option to choose as an alternative, the Horizons AlphaPro Enhanced Income Equity ETF (HEX:TSX).  The proposal will be fully described in the management information circular to be provided to Unitholders in advance of the meeting. Unitholders of record on April 26, 2011 will be entitled to receive notice of and vote at the meeting. 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 $600 million as of February 28, 2011. AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro manages the Horizons BetaPro family of exchange traded funds, 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. The Horizons BetaPro ETFs include several types of structures: single, inverse, leveraged, inverse leveraged and spread ETFs. BetaPro manages approximately $2.4 billion in assets as of February 28, 2011. BetaPro is a subsidiary of Jovian Capital Corporation (JOV:TSX). To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/28/c6838.html p Martin Fabregas, Investor Relations, (416) 601-2508 /p

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