Pyxis iBoxx Senior Loan ETF Announces Declaration of January Regular Distribution

DALLAS--(BUSINESS WIRE)--Pyxis iBoxx Senior Loan ETF (the “Fund”) (NYSE: SNLN) today declared a regular distribution, for January 2013, of $0.099 per share, payable on the last business day of the month to holders of record at the close of business January 31, 2013.

The following are estimated annualized distribution rate calculations.

Month-End Distribution Rates									Annualized
Payment Date	Amount								NAV*		Market Price*
	Ordinary*		ST Cap Gain		LT Cap Gain		Total*
January 31, 2013	$	0.099	$	—	$	—	$	0.099	5.87	%	5.85	%
December 31, 2012	$	0.149	$	—	$	—	$	0.149	5.90	%	5.89	%

*Annualized distribution rates are calculated by annualizing the current daily investment income and then dividing the resulting annualized distribution by the ending NAV on declaration date (in the case of NAV) or the closing price on declaration date (in the case of Market Price). The distribution amount is based on an estimation of investment income and may or may not include a return of capital. The distribution amount is based solely on actual distributions, which are made at the discretion of the Fund. As of January 14, 2013 the 30 Day SEC Yield was 5.74%.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions that have been declared by the Fund. In early 2014, after definitive information is available, the Fund will send shareholders a Form 1099-DIV specifying how the distributions paid by the Fund during the calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, short-term capital gain, long-term capital gain or return of capital).

About Pyxis Capital

Pyxis Capital, L.P., headquartered in Dallas, Texas, is a SEC-registered investment adviser with approximately $2.3 billion of assets under management across 17 funds. It is one of the most respected and experienced alternative investment managers serving the registered product market. As a manager of managers, Pyxis Capital is dedicated to identifying and retaining best in class asset managers to serve as sub-advisers to its funds. The Pyxis Capital funds complex, which spun off from Highland Capital Management at the beginning of 2012, includes a diverse set of investment strategies---from broad-based equity and fixed income investments to alternative strategies including long/short and trend following as well as alternative credit strategies. For more information, visit www.pyxiscap.com.

Investors should consider the investment objectives, risks, charges and expenses of the Pyxis iBoxx Senior Loan ETF carefully before investing. Please call 1-855-799-4757 or visit www.pyxiscap.com for more information on the Fund. Please read the prospectus carefully before you invest.

Securities may be offered through NexBank Securities, Inc., an affiliate of Pyxis Capital, L.P. NexBank Securities, Inc. is a FINRA member firm.

To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that capital gains distributions will not be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.

Investing involves risk, including the possible loss of principal. The risks associated with Senior Loans are similar to the risks of below investment grade securities, although Senior Loans are typically senior and secured in contrast to other below investment grade securities, which are often subordinated and unsecured. Narrowly focused funds typically exhibit higher volatility.

Pyxis Capital L.P., serves as an advisor to the Pyxis Funds. The Pyxis iBoxx Senior Loan ETF is distributed by SEI Investments Distribution Co., which is not affiliated with Pyxis Capital L.P. or any of its affiliates.