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Important Notice

We, Don and Jon Vialoux, submitted our resignation to Horizons ETFs Management Canada Inc. on Friday, August 14, 2015 as research analysts to Horizons Seasonal Rotation ETF (TSX:HAC). Brooke Thackray will continue as lead analyst on the strategy of the ongoing fund. We have been working to refine our investment model to generate larger, consistent return streams. This Fall we expect to make an announcement of our future initiative that will allow investors to gain exposure to the strategy that we have presented through our websites since 2003, using a combination of seasonal, technical, and fundamental analysis. We would like to thank Horizons for giving us the opportunity to represent the Seasonal Rotation ETF (HAC) since its inception in 2009. Stay tuned to our websites (TimingTheMarket.ca and EquityClock.com) for further announcements.