Horizons Enhanced Income International Equity ETF declared the distribution of $0.10605 per unit and $0.10047 per advisor class unit for the period ending May 31, 2012. The ex-dividend date for the distributions is anticipated to be May 29, 2012, for all unit holders of record on May 31, 2012. The Distributions will be paid in cash or, if the unit holder has enrolled in the respective ETF's dividend reinvestment plan, reinvested in additional units of the applicable ETF, on or about June 12, 2012.