AlphaPro calls ETF merger vote

AlphaPro Management is seeking investor approval for the merger of one of its ETFs, giving unitholders a choice of two ETFs into which it will be merged.

Under the proposal, Horizons AlphaPro Managed S&P/TSX 60 ETF (ticker symbol HAX) would be merged into either Horizons AlphaPro S&P/TSX 60 Equal Weight Index ETF (HEW), or into Horizons AlphaPro Enhanced Income Equity ETF (HEX).

The meeting is slated for May 31, 2011.

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