Horizons Enhanced Income Gold Producers ETF

GLCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of equity securities of diversified North American listed gold producers currently, the Solactive North American Listed Gold Producers Index and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, GLCC will employ a dynamic covered call option writing program. HEP invests primarily in a portfolio of equity and equity related securities of North American companies that are primarily exposed to gold mining and exploration and that, as at the Constituent Reset Date (see below), are amongst the largest and most liquid issuers in their sector. To mitigate downside risk and generate income, the ETFs investment manager actively manages a covered call strategy that generally writes out of the money covered call options on up to 100% of the portfolio securities.