TSX:HSAV (Horizons Cash Maximizer ETF)

Horizons HSAV invests substantially all of its assets in high interest deposit accounts with one or more Canadian chartered banks. Horizons HSAV can also invest in high-quality, short-term (one year or less) debt securities, including treasury bills and promissory notes issued or guaranteed by Canadian governments or their agencies, and bankers acceptances. Horizons HSAV seeks to generate modest capital growth by investing primarily in high interest deposit accounts with Canadian banks. While any decision to pay dividends or other distributions is within the discretion of the Manager, Horizons HSAV is not currently expected to make any regular distributions.