OAKVILLE, ONTARIO, Business Wire | French – Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for a new suite of Canadian Harvest High Income Shares ETFs (the “ETFs” or “ETF”). As Canada’s largest single stock ETF issuer, Harvest will add the new Canadian Harvest High Income Shares ETFs to its successful single stock ETF platform to offer investors high monthly income from some of Canada’s most recognizable companies.
Each of the single stock ETFs will hold a well-established Canadian company to provide access to the growth potential of top Canadian market sector leaders and will engage modest leverage plus an active covered call strategy designed to generate enhanced high monthly income.
“Harvest is pleased to add these new Canadian offerings to expand our High Income SharesTM suite of single-stock ETFs”, said Michael Kovacs, President and CEO of Harvest, “The 10 new ETFs include widely held individual Canadian companies, and through our underlying covered call option strategies, can deliver high levels of monthly income for investors. In addition, we are launching a new diversified High Income SharesTM solution, the Harvest Canadian High Income Shares ETF, focused on the underlying Canadian holdings.”
The New Canadian Harvest High Income Shares ETFs include the following:
Investment Objective of the New Canadian Harvest High Income Shares ETFs
The ETFs will seek to provide Shareholders with (i) long-term capital appreciation by investing, directly or indirectly, on a levered basis, in the common shares of blue-chip well-known Canadian companies and (ii) high monthly cash distributions.
Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of the ETFs and will be responsible for the administration of the ETFs.
For additional information: Please visit www.harvestportfolios.com, e-mail [email protected] or call toll free 1-866-998-8298.
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For media inquiries: Contact Caroline Grimont, VP Marketing at [email protected]
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $7.7 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings centre around covered call strategies, available in many variations: Equity, Enhanced, Fixed Income, Multi Asset, Specialty, Digital Assets and Single Stock ETFs.
A preliminary prospectus containing important information relating to the securities of HHIH 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.
