HORIZONS ETFs ANNOUNCES FINAL VALUATIONS FOR TERMINATING ETFs

TORONTO, May 20, 2022 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") previously announced, by way of a press release dated March 11, 2022, that the exchange traded funds (the "ETFs") listed in the table below would be delisted from the Toronto Stock Exchange at the close of business on May 17, 2022, and terminated effective upon the close of business today, May 20, 2022. The ETFs' final net asset values ("NAV"), distributions and termination proceeds per unit or ETF share, as applicable (each a "Security") are as follows:

ETF	Ticker	Ex-Distribution NAV per Security	Income Distribution per Security	Capital Gains Distribution per Security	Final Net Proceeds of Termination per Security
Horizons Active Emerging Markets Bond ETF	HEMB	$7.696448	$0.28699	-	$7.983438
Horizons Active A.I. Global Equity ETF	MIND	$22.094665	-	-	$22.094665

Securityholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the applicable ETF(s). These proceeds will be paid to the holders of the remaining outstanding Securities of the applicable ETF(s) on a pro-rata basis, at the rate shown above, without further action by those Securityholders.

Income and capital gains distributions are indicated on a per Security basis in the table above. The net proceeds of termination paid to each Securityholder is the sum of the ex-distribution NAV per Security plus the income and capital gains distributions per Security indicated in the table above and represents the remaining net assets of the applicable ETF(s). The proceeds of termination were paid out today to CDS Clearing and Depository Services Inc.

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 $22 billion of assets under management and 104 ETFs listed on major Canadian stock exchanges.

SOURCE Horizons ETFs Management (Canada) Inc.

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