HARC Horizons Absolute Return Global Currency ETF

TORONTO, Dec. 1, 2017 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") announced today the estimated non-cash distributions (the "Non-Cash Distributions") to unitholders of certain of the exchange traded funds (the "ETFs") it manages for the 2017 tax year as indicated in the table below. ETFs not listed in the table are not expected to have a non-cash distribution for the 2017 tax year. With respect to the Horizons BetaPro family of leveraged, inverse, inverse leveraged and volatility ETFs as well as the Horizons suite of innovative total return index ("TRI") structured ETFs, this is expected to be the eleventh consecutive year with no distributions. This includes the Horizons S&P/TSX 60^TM Index ETF (HXT/HXT.U) and the Horizons S&P 500^® ETF (HXS/HXS.U), which have both completed seven full calendar years of operations since their inception without any distributions to unitholders.

Please note that these are estimated amounts only. Circumstances may arise which could cause these estimates to change before the ETFs' applicable tax year ends on December 15, 2017 or December 31, 2017.

Each ETF is required to distribute any net income and capital gains it has earned during the year. The annual Non-Cash Distributions will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each unitholder's adjusted cost base for the respective ETF. The nature of the Non-Cash Distributions may be income and/or capital gains in nature. The Non-Cash Distributions will be reinvested automatically in additional units of the respective ETFs and immediately consolidated so that the number of units held by the unitholder, the units outstanding of the ETFs, and the net asset value of the ETFs, will not change as a result of the Non-Cash Distributions. These estimated amounts are for the Non-Cash distributions only and do not include any estimates of the regular monthly or quarterly cash distributions, as applicable, including those income and capital gains amounts that may form part of the monthly and/or quarterly distributions.

Horizons ETFs expects to announce the final year-end income and capital gains distribution amounts, as well as regular monthly, quarterly and semi-annual cash distribution amounts, on or about December 20, 2017. The ex-dividend date for all of these distributions (cash and non-cash) is anticipated to be December 28, 2017, for all unitholders of record on December 29, 2017. In early 2018, the tax characteristics of all distributions for 2017 for the ETFs will be reported to brokers via CDS Clearing and Depository Services Inc.  ("CDS") and will be posted on our website shortly thereafter.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product suite includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs currently has more than $9.2 billion of assets under management and 81 ETFs listed on the Toronto Stock Exchange. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

Certain  statements  may  constitute  a  forward  looking  statement,  including  those  identified  by  the  expressions "estimate" or "expect" and similar expressions (including grammatical variations thereof) to the extent they relate to the ETFs or Horizons ETFs. The forward-looking statements are not historical facts but reflect the ETFs, the ETF's managers or Horizons ETFs current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.  These and other factors should be considered carefully and readers should not place undue reliance on the ETFs' forward looking statements. These forward-looking statements are made as of the date hereof and the ETFs do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

Commissions, management fees and expenses all may be associated with investments in the ETFs. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

SOURCE Horizons ETFs Management (Canada) Inc.