Harvest Announces Listing of Harvest Diversified Equity Income ETF

Harvest ETFs PR

Date

April 12, 2023

Date

April 12, 2023

Date

April 12, 2023

OAKVILLE, Ontario | French – Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Class A Units of the Harvest Diversified Equity Income ETF pursuant to a prospectus dated April 4, 2023, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Diversified Equity Income ETF will commence trading on the TSX today under the following ticker symbol: HRIF:TSX.

HRIF holds an equal weight portfolio of Harvest Equity Income ETFs. Each of its underlying ETFs uses an active & flexible covered call option writing strategy to generate an amplified distribution yield. HRIF receives that income from the underlying ETFs and distributes it as a high monthly cash distribution without any additional management fees.

The ETF is launching with an initial target yield of 8%. The first monthly distribution will have a record date of May 31, 2023 with a payable date of June 9, 2023.

HRIF holds the same equal weight underlying portfolio as the Harvest Diversified Monthly Income ETF (HDIF:TSX), launched in 2022. HDIF uses a leverage component at approximately 25%. HRIF will have no leverage, giving access to the same popular diversified portfolio of equity income ETFs without the addition of leverage-related risk.

“HRIF gives Canadians access to high monthly income from a portfolio of ETFs, each of which hold leading global businesses.” said Michael Kovacs, President and CEO of Harvest. “They get that high income, and exposure to those businesses, without any additional leverage. We’re pleased to offer this strategy to investors and advisors who see the value of owning great businesses and earning covered call option income without the use of leverage”

To learn more about HRIF watch this video or read this article about the ETF.

Investment Objective

Harvest Diversified Equity Income ETF seeks to provide Unitholders with high monthly cash distributions and the opportunity for capital appreciation by investing, on a non-levered basis, in a portfolio of exchange traded mutual funds managed by the Manager that are listed on a recognized Canadian stock exchange and that engage in covered call strategies.

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

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $3.3 billion in assets for Canadian Investors. At Harvest ETFs, our guiding principles are premised on building wealth for our clients through ownership of strong businesses that have the potential to grow & generate steady income over time. Harvest ETFs 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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You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the TSX. If the shares are purchased or sold on the TSX, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning shares 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 investment fund. You can find more detailed information about the investment fund in these documents.

 

Contacts

For Additional Information:
Website: https://harvestportfolios.com
E-mail: [email protected]
Toll free: 1-866-998-8298

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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.