Harvest Announces Listing of Harvest Canadian Equity Income Leaders ETF (HLIF)

Harvest ETFs PR

Date

June 13, 2022

Date

June 13, 2022

Date

June 13, 2022

OAKVILLE, ON, June 13, 2022 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Class A Units of the Harvest Canadian Equity Income Leaders ETF pursuant to a prospectus dated June 6, 2022, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Canadian Equity Income Leaders ETF will commence trading on the TSX today under the following ticker symbol:TSX: HLIF. This innovative ETF is designed to provide Canadian investors access to a core diversified monthly income solution.

Investment Objectives

  • HLIF’s investment objectives are to provide Unitholders with (i) monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning Equity Securities of the Canadian Equity Income Leaders Issuers directly.
  • To achieve lower overall volatility of portfolio returns, the Harvest Canadian Equity Income Leaders ETF will generally write covered call options on up to 33% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.

Based on current market conditions as determined by Harvest, HLIF currently anticipates paying a monthly distribution of $0.0583 per unit starting with a July 29, 2022 record date and August 9, 2022 payment date.

“HLIF adds a vital Canadian component to our line up of Equity Income ETFs” said Michael Kovacs, President and CEO of Harvest. “HLIF offers a portfolio of Large Cap equally weighted dividend paying Canadian equities combined with our proven Option writing strategy to deliver attractive steady monthly income initially targeted at 7% annually that many Canadian investors require in the current interest rate environment.”

To learn more about HLIF watch this video from Michael Kovacs or read his recent Q&A article about the ETF. Visit the HLIF website here for further details: https://harvestportfolios.com/hlif

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is a Canadian Investment Fund Manager managing $2.3 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.

A preliminary prospectus containing important information relating to securities of the Harvest Canadian Equity Income Leaders ETF 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.sedar.com). 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.

For further information: Please visit www.harvestportfolios.com, e-mail [email protected] or call toll free 1-866-998-8298.

CATEGORIES

All Insights

Retirement

ETF Basics

Press

Recent Insights

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.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

Certain statements in the Harvest Blog 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.