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April Amendment to December 2021 Annual Non-Cash Reinvested Distributions

TORONTO – April 28, 2022 – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) is announcing the following amendment to the year-end annual non-cash reinvested distribution amount per unit (the “Non-Cash Distribution”) for the Horizons GX Telemedicine and Digital Health Index ETF (the “ETF” or “HDOC”). The Non-Cash Distribution rate per unit for HDOC was originally $nil and is now being amended to $0.64456 per unit. The expected nature of the Non-Cash Distribution for the ETF is 100% income. This amendment is due to a change in the tax status of the ETF as a “financial institution” for the 2021 tax year.

The ex-dividend date for the Non-Cash Distribution was December 31, 2021, for all unitholders of record on December 31, 2021 (the “Unitholders”). The Non-Cash Distribution was reinvested automatically in additional units of the ETF and immediately consolidated so that the number of units held by each Unitholder, the units outstanding of the ETF, and the net asset value of the ETF, did not change as a result of the Non-Cash Distribution. No distribution of cash was made to Unitholders of HDOC, this amended distribution will be recorded as a reinvested distribution into the creation of new units of HDOC as at December 31, 2021. Due to the fact that this distribution is effective for the 2021 tax year, the Unitholders of HDOC will be required to recognize this distribution as occurring in the 2021 calendar year for tax-reporting purposes.

About Horizons ETFs Management (Canada) Inc. (
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 105 ETFs listed on major Canadian stock exchanges.

For further information: (416) 933-5745 or (866) 641-5739

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products") and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Commissions, management fees and expenses all may be associated with an investment in the Horizons Exchange Traded Products. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

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