An anonymous representative of Horizons ETFs Management reports

HORIZONS ETFS ANNOUNCES DECEMBER 2023 DISTRIBUTIONS FOR ITS SUITE OF ETFS

Horizons ETFs Management (Canada) Inc. has declared the distribution amounts per security for its exchange-traded funds (ETFs) for the period ending Dec. 31, 2023, as indicated in attached tables.

Each ETF is required to distribute any net income and capital gains that it has earned in the year. All of the distributions indicated as "Distribution per Security" in the attached tables will be paid in cash, unless the securityholder has enrolled in the dividend reinvestment plan (DRIP) of the respective ETF.

The estimated annual non-cash distributions, indicated as "Reinvested Non-Cash Income Distribution per Security (Est.)" in the attached tables, will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each securityholder's adjusted cost base of their securities of the respective ETF. The non-cash distributions will be reinvested automatically in additional securities of the respective ETFs and immediately consolidated so that the number of securities held by each securityholder, the securities outstanding of the ETFs and the net asset value of the ETFs will not change as a result of the non-cash distributions. The annual non-cash distribution rates in the attached tables are presented on an estimated basis. A press release confirming the final annual non-cash distribution rates will be disseminated on or about the record date of the distributions.

The ex dividend date for the distributions is anticipated to be Dec. 28, 2023, for all ETFs.

The ex dividend date for the distributions listed in an attached table is anticipated to be Dec. 29, 2023.

The record date for all ETFs will be Dec. 29, 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 Jan. 8, 2024. The nominal payment date applied to the non-cash distributions will also be Jan. 8, 2024, though in actuality there will be no physical payment made as would be the case with the cash distributions.

Distributions for the ETFs will vary from period to period.

We seek Safe Harbor.