HXEM Global X Emerging Markets Equity Index Corporate Class ETF

TORONTO, June 2, 2022 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") is announcing an update to the information circular of the Horizons Enhanced Income Gold Producers ETF (the "ETF") dated May 16, 2022 (the "Circular") in connection with the June 21, 2022 meeting of unitholders of the ETF (the "Meeting").

The Circular is being revised to correct a typographical error in the description of the Solactive North American Listed Gold Producers Index, which is the index to be tracked by the ETF if the proposed investment objective is approved.

Accordingly, in the proposed investment objective of the ETF on pages 6 and S-6 of the Circular, the reference to 'equal weighted' in each instance is deleted, so that the proposed investment objective reads as follows:

"The ETF seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of equity securities of diversified North American listed gold producers (currently, the Solactive North American Listed Gold Producers Index) and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, the ETF will employ a dynamic covered call option writing program."

No other changes have been made to the Circular. A notice of correction reflecting this change will be available on SEDAR and on the Manager's website. The record date for the Meeting (May 11, 2022) and the date of the Meeting (June 21, 2022) remain the same.

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

Additional information regarding an ETF is contained in its prospectus (as amended), ETF Facts, the most recently filed interim and annual management reports of fund performance and the annual audited and interim unaudited financial statements of each ETF. You should review these documents carefully. Any of the documents of the type referred to above including any material change report (excluding confidential material change reports) and prospectus filed by each ETF and, if applicable, receipted by a securities commission or similar authority in Canada after the date of the Circular will be deemed to be incorporated by reference into this Circular. You may obtain a copy of an ETF's prospectus (as amended) and any of the documents incorporated by reference herein by accessing the SEDAR website at www.sedar.com or the Manager's website at www.HorizonsETFs.com, or at no charge by calling the Manager's toll-free number at 1-866-641-5739 or by faxing a request to the Manager at 416-777-5181.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. 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.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

SOURCE Horizons ETFs Management (Canada) Inc.