OAKVILLE, ON, Dec. 23, 2020 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) announces that it will be terminating the Harvest US Investment Grade Bond Plus ETF (TSX: HUIB) (the “ETF”) effective at the close of business on or about Monday, March 15, 2021 (the “Termination Date”). Effective Monday, January 7, 2021, no further direct subscriptions for units of ETF will be accepted. The last date on which a redemption may be placed with Harvest (Manager of the ETF) is expected to be on or about Monday, March 15, 2021, and the ETF is expected to be de-listed from the Toronto Stock Exchange, at the request of Harvest, at the close of business on or about Monday, March 15, 2021 (the “Delisting Date”), with all units still held by investors being subject to a mandatory redemption as of the Termination Date.
Unitholders of the ETF will be able to sell their units through the facilities of the stock exchange until the Delisting Date. Any remaining unitholders of the ETF as at the Termination Date will receive the net proceeds from the liquidation of the assets of the ETF, less all liabilities and all expenses incurred with the dissolution of the ETF, on a pro-rata basis.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager managing over $1 billion in assets for Canadian Investors. 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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