Horizons Enhanced Income Energy ETF

ENCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of Canadian companies that are involved in the crude oil and natural gas industry (currently, the Solactive Equal Weight Canada Oil & Gas Index); and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, ENCC will employ a dynamic covered call option writing program. .. To achieve its investment objective, each of ENCC and BKCC invests in an equal weighted portfolio of Canadian companies in accordance with their respective investment objectives, which may include ETFs that provide exposure to such companies.