Horizons ETFs Announces October 2023 Distributions For Its Suite Of ETFs

TORONTO – October 24, 2023 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is pleased to announce the distribution amounts per security (the “Distributions”) for its exchange traded funds (the “ETFs”), for the period ending October 31, 2023, as indicated in the tables below.

The ex-dividend date for the following Distributions is anticipated to be October 30, 2023.

The ex-dividend date for the following Distributions is anticipated to be October 31, 2023.

⁽¹⁾ The record date for all ETFs will be October 31, 2023. The Distributions for securities of each ETF will be paid in cash or, if the securityholder has enrolled in the respective ETF’s dividend reinvestment plan, reinvested in additional securities of the applicable ETF, on or about November 7, 2023.Distributions for the Horizons Active Ultra-Short Term US Investment Grade Bond ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker HUF. The approximate Canadian dollar equivalent distribution rate for HUF is

$0.05478 per security. For securityholders who hold the Canadian dollar-traded HUF, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

⁽²⁾ Distributions for the Horizons US Large Cap Equity Covered Call ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker USCC. The approximate Canadian dollar equivalent distribution rate for USCC is $0.16433 per security. For securityholders who hold the Canadian dollar-traded USCC, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

⁽³⁾ Horizons Enhanced NASDAQ-100 Covered Call ETF, Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF, Horizons Enhanced All-Equity Asset Allocation Covered Call ETF, Horizons Enhanced All-Equity Asset Allocation ETF, Horizons Growth Asset Allocation ETF and Horizons Growth Asset Allocation Covered Call ETF began trading on October 11, 2023. The distribution amount shown above represents the period since inception.

⁽⁴⁾ Horizons Short-Term U.S. Treasury Premium Yield ETF, Horizons Mid-Term U.S. Treasury Premium Yield ETF and Horizons Long-Term U.S. Treasury Premium Yield ETF began trading on October 5, 2023. The distribution amount shown above represents the period since inception. Distributions are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker SPAY, MPAY and LPAY. The approximate Canadian dollar equivalent distribution rate for SPAY is $0.17118 per security, for MPAY is $0.20542 per security and for LPAY is $0.23965 per security. For securityholders who hold the Canadian dollar-traded ticker, SPAY, MPAY and LPAY, the securityholder’s account holder will typically convert distribution payments to Canadian dollars.

⁽⁵⁾  Distributions for the Horizons 0-3 Month U.S. T-Bill ETF are declared and paid in U.S. dollars,

Distributions for the ETFs will vary from period to period. For further information regarding the Distributions, please visit www.HorizonsETFs.com.

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 family 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 has more than $27 billion of assets under management and 119 ETFs listed on major Canadian stock exchanges. Horizons ETFs is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $710 billion of assets across 13 countries around the world.

[email protected] (416) 933-5745 or (866) 641-5739