OAKVILLE, Ontario (BUSINESS WIRE) | French – Harvest Portfolios Group Inc. (“Harvest” or the “Manager”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest Premium Yield 7-10 Year Treasury ETF (“HPYM”) and Harvest Canadian T-Bill ETF (“TBIL”). HPYM is designed to provide Canadian investors with access to a portfolio of mid-term US Treasury ETFs that employs an active covered call strategy to provide high monthly income. TBIL is designed to provide investors with access to a low-risk short term portfolio of Canadian Treasury Bills to provide competitive monthly interest income.
“Harvest is pleased to introduce these two new fixed income ETFs to round out our fixed income line up.” said Michael Kovacs, President and CEO of Harvest. “By applying our extensive option writing expertise to HPYM, we believe HPYM can provide an attractive yield for Canadian Investors. TBIL provides a straightforward low risk income solution for Canadian investors.”
Harvest Premium Yield 7-10 Year Treasury ETF will seek to provide high monthly cash distributions to Unitholders by investing, on a non-levered basis, in a portfolio of exchange traded mutual funds, selected by the Manager, that provide exposure primarily to intermediate term U.S. treasury bonds and are listed on a regulated stock exchange in North America. Harvest Premium Yield 7-10 Year Treasury ETF will generally write covered call options on up to 100% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.
Harvest Canadian T-Bill ETF will seek to provide interest income through exposure to Government of Canada Treasury Bills with remaining maturities generally less than 3 months.
Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of HPYM and TBIL and will be responsible for the administration of HPYM and TBIL.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $3.7 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth by long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs.
Harvest ETF’s core offerings center around covered call strategies, available in three variations: equity, enhanced equity and fixed income. In our equity-income portfolios, we follow a three-step process: identifying promising growth industries; selecting well-positioned businesses within those sectors; and optimizing returns by generating income through covered calls. To enhance potential returns, we offer leveraged exposure to select Harvest ETFs through our enhanced lineup. Our Fixed Income ETFs focus on investing in US Treasury ETFs while employing a covered call option strategy. This approach allows us to deliver high monthly distributions to our investors. For those seeking ETFs without call options, we also provide our Equity Growth ETFs, which are specifically designed to capture opportunities in growth industries and major trends.
A preliminary prospectus containing important information relating to the securities of HPYT and TBIL has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR+ (www.sedarplus.ca). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Commissions, management fees, and expenses all may be associated with ETFs. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
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