OAKVILLE, ON, July 19, 2022 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the addition of the Harvest Canadian Equity Income Leaders ETF (TSX: HLIF) to the Harvest Diversified Monthly Income ETF (TSX: HDIF). HDIF holds a portfolio of Harvest equity income ETFs which are combined with modest leverage to generate consistent monthly income at enhanced yields.
HLIF is Harvest’s first all-Canadian equity income ETF and was launched in June of 2022 to deliver cashflow for unitholders from a portfolio of leading Canadian companies.
“We are pleased to include HLIF as a constituent of the Harvest Diversified Monthly Income ETF,” said Michael Kovacs, President & CEO of Harvest ETFs. “HLIF brings great Canadian holdings into the portfolio and an additional source of income.”
With the addition of HLIF, the Harvest Diversified Monthly Income ETF will hold 6 equity income ETFs in its portfolio. These cover a wide range of sectors including healthcare, technology, utilities, telecommunications, and US financials. All underlying ETFs employ a covered call strategy to generate monthly cash distributions and offset short-term portfolio volatility.
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