OAKVILLE, Ontario (BUSINESS WIRE | French) – Harvest Portfolios Group Inc. (the “Manager”) the manager and trustee of Harvest Banks & Buildings Income Fund (Series A, D, F and R) and Harvest Canadian Income & Growth Fund (Series A, D, F and R) (each, a “Fund” and collectively, the “Funds”), is announcing the termination of the Funds.
The Manager has determined that the small size of the Funds is not economically viable and that it is no longer in the best interests of the unitholders to continue the Funds. Accordingly, the Manager intends to terminate the Funds on about or July 7, 2025 (the “Termination Date”) in accordance with the declaration of trust of the Funds.
As of May 7, 2025, the Funds will no longer be available for any new or subsequent purchases. Unitholders of the Funds will be able to redeem their units of the Funds up until and including July 4, 2025 and all units still held by unitholders after such date will be subject to a mandatory redemption as of the Termination Date. The final monthly distribution will be May 30, 2025 for Series A, D, F and R of the Funds.
On or before the Termination Date, the Manager will, to the extent possible, convert the assets of each Fund to cash and pay or make adequate provision for all of the Fund’s liabilities. As of the close of business on the Termination Date, the net assets of each Fund remaining after paying or providing for the Fund’s liabilities will be distributed to unitholders of the Fund on a pro rata basis.
Unitholders are not required to take any action in connection with the termination of the Funds.
Details regarding the terminations will be mailed to unitholders of the Funds at least 60 days prior to the Termination Date.
HVOL will seek to provide Unitholders with (i) the opportunity for capital appreciation and (ii) lower overall volatility of portfolio returns than is otherwise experienced by broadly owning Equity Securities of Canadian mid and large capitalization issuers directly.
For additional information: Please visit www.harvestetfs.com, e-mail [email protected] or call toll free 1-866-998-8298.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager managing $6 billion in assets for Canadian Investors. At Harvest, our guiding principles are premised on building wealth for our clients through ownership of strong businesses that have the potential to grow & generate steady income over time. Harvest offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.
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Contacts
Website: https://harvestetfs.com
E-mail: [email protected]
Toll free: 1-866-998-8298