Harvest Announces New ETF Listings on the TSX

Press Release

Date

April 15, 2024

Date

April 15, 2024

Date

April 15, 2024

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 Balanced Income & Growth ETF, Class A Units of the Harvest Balanced Income & Growth Enhanced ETF and Class A Units of the Harvest Industrial Leaders Income ETF pursuant to a prospectus dated April 4, 2024, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Balanced Income & Growth ETF will commence trading on the Toronto Stock Exchange (“TSX”) today under the following ticker symbol: HBIG:TSX (“HBIG”). The Class A units of the Harvest Balanced Income & Growth Enhanced ETF will commence trading on the TSX today under the following ticker symbol: HBIE:TSX (“HBIE”). The Class A units of the Harvest Industrial Leaders Income ETF will commence trading on the TSX today under the following ticker symbol: HIND:TSX (“HIND”).

Distribution Announcement

HBIG will pay a monthly distribution of $0.16 CAD per Class A Unit and the first monthly distribution will be paid on or about May 9, 2024 to unitholders of record on April 30, 2024 with an ex-dividend date of April 29, 2024.

HBIE will pay a monthly distribution of $0.20 CAD per Class A Unit and the first monthly distribution will be paid on or about May 9, 2024 to unitholders of record on April 30, 2024 with an ex-dividend date of April 29, 2024.

HIND will pay a monthly distribution of $0.07 CAD per Class A Unit and the first monthly distribution will be paid on or about June 7, 2024 to unitholders of record on May 31, 2024 with an ex-dividend date of May 31, 2024.

“Harvest is pleased to introduce the first high income generating Balanced ETF in Canada primarily focused on utilizing covered calls.” said Michael Kovacs, President and CEO of Harvest. “HBIG and HBIE will provide consistent monthly cash distributions while seeking to deliver steady returns through a balanced mix of Equity and Fixed Income ETFs. HIND will provide investors with access to the diversified Industrial sector while receiving attractive consistent monthly cash distributions through our covered call strategy, it’s a logical piece of a portfolio strategy and is a dynamic addition to our line up of Equity Income ETFs.”

Investment Objectives

HBIG will seek 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 that are listed on a recognized North American stock exchange that provide exposure towards large capitalization equity securities, investment grade bonds or money market instruments issued by corporations or governments, and will include exchange traded mutual funds that engage in covered call strategies.

HBIE will seek to provide Unitholders with high monthly cash distributions and the opportunity for capital appreciation by investing, on a levered basis, in a portfolio that will replicate, to the extent reasonably possible, the portfolio of Harvest Balanced Income & Growth ETF, an exchange traded mutual fund managed by the Manager.

HIND will seek to provide Unitholders with (i) the opportunity for capital appreciation; (ii) monthly cash distributions; and (iii) lower overall volatility of the portfolio returns than would otherwise be experienced by owning Equity Securities of Industrial Leaders directly. To achieve lower overall volatility of portfolio returns, Harvest Industrial Leaders Income 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.

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

Harvest ETFs invites you to subscribe to our monthly commentary newsletter. By subscribing through the following link, you will receive timely insights, analyses and perspectives directly to your inbox: https://harvestportfolios.com/subscribe

For media inquiries: Contact Caroline Grimont, VP Marketing at [email protected]

Investment Dealers can access and download certain regulatory documents relating to HBIG, HBIE and HIND such as the ETF Facts and prospectus via the Harvest website at www.harvestetfs.com.

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing over $4.1 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.

________________________________

Subscribe to Our Monthly Newsletter:
https://harvestportfolios.com/subscribe
________________________________

Follow Us on Social Media:
LinkedIn: https://www.linkedin.com/company/harvest-portfolios-group
Twitter: https://twitter.com/harvestetfs
Facebook: https://www.facebook.com/HarvestETFs
YouTube: https://www.youtube.com/c/HarvestETFs
Spotify: https://open.spotify.com/show/4Nh71jcf778tZDICT7TznK

 

Contacts

For Additional Information:
Website: https://harvestetfs.com
E-mail: [email protected]
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.