Horizons ETFs Announces Change to the Expense Structure for Certain ETFs

TORONTO, June 29, 2016 — Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) announced today that, as approved at special meetings of the unitholders of the following ETFs (the “ETFs”) held on June 21, 2016, changes to the operating expense structure for the ETFs will be implemented on July 1, 2016.

As described in further detail in the management information circular dated May 16, 2016, the change expands the scope of operating expenses that may be payable by the ETFs.

The ETFs affected by the change are as follows:
HQD – Horizons BetaPro NASDAQ-100® Bear Plus ETF
HQU– Horizons BetaPro NASDAQ-100® Bull Plus ETF
HSD – Horizons BetaPro S&P 500® Bear Plus ETF
HSU – Horizons BetaPro S&P 500® Bull Plus ETF
HIU – Horizons BetaPro S&P 500® Inverse ETF
HXD – Horizons BetaPro S&P/TSX 60™ Bear Plus ETF
HXU – Horizons BetaPro S&P/TSX 60™ Bull Plus ETF
HIX – Horizons BetaPro S&P/TSX 60™ Inverse ETF
HED – Horizons BetaPro S&P/TSX Capped Energy™ Bear Plus ETF
HEU – Horizons BetaPro S&P/TSX Capped Energy™ Bull Plus ETF
HFD – Horizons BetaPro S&P/TSX Capped Financials™ Bear Plus ETF
HFU – Horizons BetaPro S&P/TSX Capped Financials™ Bull Plus ETF
HBD – Horizons BetaPro COMEX® Gold Bullion Bear Plus ETF
HZU – Horizons BetaPro COMEX® Silver Bull Plus ETF
HND – Horizons BetaPro NYMEX® Natural Gas Bear Plus ETF
HNU – Horizons BetaPro NYMEX® Natural Gas Bull Plus ETF
HUV – Horizons BetaPro S&P 500 VIX Short-Term Futures™ ETF
HVI – Horizons BetaPro S&P 500 VIX Short-Term Futures™ Inverse ETF
HUG – Horizons COMEX® Gold ETF
HUZ – Horizons COMEX® Silver ETF
HUC – Horizons NYMEX® Crude Oil ETF