HFD BetaPro S&P TSX Capped Financials 2x Daily Bear ETF

TORONTO, June 6, 2014 Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the manager and trustee of the exchange traded funds listed below (the "ETFs"), has announced today that it intends to split or consolidate the units of the ETFs as indicated in the tables below.

Unit Consolidations

After the close of trading on Wednesday, June 18, 2014 on the Toronto Stock Exchange (the "TSX"), the units of the ETFs will be consolidated on the basis of the ratios (the "Consolidation Ratios") set out below, and will begin trading on a post consolidated basis on Thursday, June 19, 2014, the effective date of the consolidations:

Unit Split

After the TSX has closed for trading on Wednesday June 18, 2014, the units of the ETF will be subdivided on the basis of the ratio (the "Split Ratio") set out below, and will begin trading on a split adjusted basis on Thursday June 19, 2014, and the split will become effective on June 23, 2014 for unitholders of record on that date:

For further information, visit www.HorizonsETFs.com

Commissions, trailing commissions, management fees and expenses all may be associated with an investment 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.

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

Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of exchange-traded funds. The Horizons ETFs family includes 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. With approximately $4.1 billion in assets under management and 70 ETFs listed on the TSX, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a member of the Mirae Asset Financial Group.

SOURCE Horizons ETFs Management (Canada) Inc.