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Exchange Bulletin

Horizons Absolute Return Global Currency ETF (HARC) To Trade On Toronto Stock Exchange

January 13, 2017

Issuer: Horizons Absolute Return Global Currency ETF

SecuritySymbolCUSIPIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Class E units ("Class E Units") HARC 44053H 10 6 252,500 None $20.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Class E Units (the "Offering")
Listing date: January 16, 2017 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: January 17, 2017 (prior to the opening)
Posted for trading date: January 17, 2017 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: CIBC World Markets Inc.
Security ownership registration: CDS book-entry only system
Investor relations: Martin Fabregas
Tel.: (416) 601-2508
Incorporation: The ETF is an exchange traded mutual fund established under the laws of Ontario on January 4, 2017 pursuant to an amended and restated master declaration of trust.
Manager and Trustee: AlphaPro Management Inc.
Fiscal year end: December 31
Nature of business: The ETF seeks to generate positive absolute returns through long and short exposure to selected global currencies. The ETF will generally hold Canadian short-term fixed-income securities and will primarily use derivative instruments to gain its exposure to selected global currencies.
Transfer agent and registrar: CST Trust Company at its principal office in Toronto.
Distributions: The ETF is not expected to make regular cash distributions.
Sponsorship: Not applicable
Offering document: Prospectus dated January 4, 2017, which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial public offering: 252,500 Class E Units will be issued at a subscription price of $20.00 per Unit. The ETF is authorized to issue an unlimited number of Class E Units, each of which represents an equal, undivided interest in the net assets of the ETF. Class E Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Class E Units that may be issued.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.