There will be no capital gains distributions paid on any of the Horizons BetaPro Exchange Traded Funds for the current calendar year, BetaPro Management Inc. said Monday.

Each of the ETFs are required to distribute any net income and capital gains that they have earned in the year, however, 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.

“We anticipate that for a third consecutive year that we will have achieved no capital gains distributions across our entire ETF family,” says Howard Atkinson, president of BetaPro. “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 2010.

IE