OAKVILLE, ONTARIO, Business Wire | French – Harvest Portfolios Group Inc. (“Harvest”) announces the estimated annual reinvested distributions for Harvest High Income Shares ETFs for the 2024 tax year.
Please note these are estimated amounts only as of October 31, 2024 and could change due to events that occur between the date of these estimates and the date of the ETFs’ taxation year end. These events may include market movements, portfolio turnover, change in the amount of income earned, and subscriptions or redemptions of units prior to the ex-dividend date.
Each of the Harvest High Income Shares ETFs is required to distribute any income and capital gains that they have earned during the year. The annual distributions will not be paid in cash but will be reinvested and immediately consolidated so that the number of units held by the unitholder, the units outstanding of the ETFs, and the net asset value of the ETFs will not change as a result of the non-cash distributions. The annual distributions will be reported as taxable distributions and result in an increase to each unitholder’s adjusted cost base for the respective ETF. The actual taxable amounts and nature of distributions for the respective ETFs as either income or capital gains will be reported to brokers through CDS Clearing and Depository Services Inc. (“CDS”) in early 2025.
Harvest expects to announce updated estimates of the year-end reinvested distribution amounts on or about December 23, 2024. The ex-dividend date for the 2024 annual reinvested distributions will be December 31, 2024 for all unitholders of record on December 31, 2024.
Details regarding the estimated annual reinvested distribution amounts are below. These amounts do not include any ongoing monthly or quarterly cash distributions which are disclosed separately.
|
Harvest High Income Shares ETF |
TSX Ticker |
Estimated Reinvested Capital Gain Distribution Per Unit1 |
Estimated Reinvested Income Distribution Per Unit1 |
Net Asset Value per Unit1 as of October 31, 2024 |
Estimated Reinvested Distribution as a % of NAVPU as of October 31, 2024 |
|
LLYH |
$0.0170 |
$0.0000 |
$11.17 |
0.15% |
|
|
LLYH.U |
$0.0139 |
$0.0000 |
$10.94 |
0.13% |
|
|
AMZH |
$0.0000 |
$0.0000 |
$12.49 |
0.00% |
|
|
AMZH.U |
$0.0000 |
$0.0000 |
$12.24 |
0.00% |
|
|
MSFH |
$0.0000 |
$0.0000 |
$11.61 |
0.00% |
|
|
MSFH.U |
$0.0000 |
$0.0000 |
$11.37 |
0.00% |
|
|
NVDH |
$0.0000 |
$0.0000 |
$11.88 |
0.00% |
|
|
NVDH.U |
$0.0000 |
$0.0000 |
$11.63 |
0.00% |
|
|
LLHE |
$0.0000 |
$0.0000 |
$10.78 |
0.00% |
|
|
LLHE.U |
$0.0000 |
$0.0000 |
$10.56 |
0.00% |
|
|
AMHE |
$0.0000 |
$0.0000 |
$12.56 |
0.00% |
|
|
AMHE.U |
$0.0000 |
$0.0000 |
$12.30 |
0.00% |
|
|
MSHE |
$0.0000 |
$0.0000 |
$11.49 |
0.00% |
|
|
MSHE.U |
$0.0000 |
$0.0000 |
$11.25 |
0.00% |
|
|
NVHE |
$0.0000 |
$0.0000 |
$11.70 |
0.00% |
|
|
NVHE.U |
$0.0000 |
$0.0000 |
$11.46 |
0.00% |
1 For Class U units, amounts are in U.S. dollars. All other amounts are in Canadian dollars.
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For media inquiries: Contact Caroline Grimont, VP Marketing at [email protected]
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $5.2 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings center around covered call strategies, available in four variations: Equity, Enhanced, Fixed Income, and Balanced. In August 2024, we launched Harvest High Income Shares ETFs, which are designed to generate high monthly cash distributions and exposure to long-term growth through single-stock ownership.
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