Horizons Enhanced Income Financials ETF

BKCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of equal-weighted equity securities of diversified Canadian banks currently, the Solactive Equal Weight Canada Banks Index, and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, BKCC will employ a dynamic covered call option writing program. HEF invests primarily in a portfolio of equity and equity related securities of Canadian companies that are primarily exposed to Canadian banking finance and financial services sectors and that, as at the Constituent Reset Date (see below), are amongst the largest and most liquid issuers listed on the Toronto Stock Exchange (TSX) 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.