OAKVILLE, ON, April 15, 2021 /CNW/ – Harvest Portfolios Group Inc. (the “Manager”) of Global Telecom & Utilities Income Fund, (TSX: HGI.UN), (the “Fund”) announces that the Fund will terminate on or about June 15, 2021 (the “Termination Date).
Unitholders are not required to take any action in connection with the termination of the Fund.
In connection with the termination, please note the following:
- The Manager will submit a request to the Toronto Stock Exchange (the “TSX”) to delist the units from the TSX at the close of business on June 15, 2021;
- The Manager will distribute the assets of the Fund for an amount equal to the pro-rata share of the net assets of the Fund remaining after the payment or accrual of all debts, expenses and liabilities and liquidation expenses of the Fund;
- The Fund will pay a final monthly distribution for the period ending May 31, 2021 of $0.06 per unit payable on June 9, 2021 to unitholders of record as at May 31, 2021; and
- Payment of the termination proceeds will be made on or about June 30, 2021 to the beneficial holders of such units through CDS Clearing and Depository Services Inc.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager managing over $1.4 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.
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.