Dividends

Horizon North has established a dividend policy providing for the payment of a quarterly dividend, subject to approval, each quarter, by the Board of Directors.

Dividend Per Common Share	Record Date	Payment Date
$0.04	Jun. 30, 2011	Jul. 15, 2011
$0.04	Sep. 30, 2011	Oct. 14, 2011
$0.04	Dec. 31, 2011	Jan. 16, 2012
$0.05	Mar. 31, 2012	Apr. 13, 2012
$0.05	Jun. 30, 2012	Jul. 13, 2012