BetaPro Management Inc., the trustee and manager of the Horizons BetaPro Exchange Traded Funds, anticipates that there will be no capital gains distributions paid on any of the ETFs for the current calendar year, the company announced Tuesday.

Each of the ETFs is required to distribute any net income and capital gains that it has earned in the year. After consideration of the applicable capital gains refund mechanism allowances and other tax considerations, BetaPro expects that none of the ETFs will be in a position to require such distributions.

“This is the second consecutive year that we have achieved no capital gains distributions across our entire ETF family,” said Howard Atkinson, president of BetaPro Management Inc., in a release.

“We are extremely pleased that our exchange traded funds continue to deliver tax efficiency, a hallmark of ETFs, to investors.”

Final distribution rates, if any, will be announced the first week in January 2009.

IE