Harvest Announces Mutual Fund Terminations

Date

May 7, 2025

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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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus and fund facts before investing.

Contacts

Website: https://harvestetfs.com
E-mail: [email protected]
Toll free: 1-866-998-8298

Disclaimer

For Information Purposes Only. All comments, opinions and views expressed are of a general nature and should not be considered as advice and/or a recommendation to purchase or sell the mentioned securities or used to engage in personal investment strategies.

Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds, managed by Harvest Portfolios Group Inc. (the Fund(s)). Please read the relevant prospectus before investing. The indicated rates of return are the historical annual compounded total returns (except for figures of one year or less, which are simple total returns) including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into Class A, Class B or Class U units of the Fund. If the Fund earns less than the amounts distributed, the difference is a return of capital. Tax, investment and all other decisions should be made with guidance from a qualified professional.

The current yield represents an annualized amount that is comprised of 12 unchanged monthly distributions (using the most recent month’s distribution figure multiplied by 12) as a percentage of the closing market price of the Fund. The current yield does not represent historical returns of the ETF but represents the distribution an investor would receive if the most recent distribution stayed the same going forward.

Certain statements in the Harvest Insights are forward looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS.

FLS are not guarantees of future performance and are by their nature based on numerous assumptions, which include, amongst other things, that (i) the Fund can attract and maintain investors and have sufficient capital under management to effect their investment strategies, (ii) the investment strategies will produce the results intended by the portfolio managers, and (iii) the markets will react and perform in a manner consistent with the investment strategies. Although the FLS contained herein are based upon what the portfolio manager believe to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these FLS.

Unless required by applicable law, Harvest Portfolios Group Inc. does not undertake, and specifically disclaim, any intention or obligation to update or revise any FLS, whether as a result of new information, future events or otherwise.

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