OAKVILLE, ON, April 27, 2020 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) announced that it will be terminating the Harvest Global Resource Leaders ETF (TSX:HRES) (the “ETF”) effective at the close of business on Tuesday, June 30, 2020 (the “Termination Date”). The ETF is expected to be de-listed from the Toronto Stock Exchange, at the request of Harvest, at the close of business on or about Tuesday, June 30, 2020 (the “Delisting Date”), with all units still held by investors being subject to a mandatory redemption as of the Termination Date.
Unitholders of the Harvest Global Resource Leaders ETF will be able to sell their units through the facilities of the stock exchange until the Delisting Date. Any remaining unitholders of the ETF as at the Termination Date will receive the net proceeds from the liquidation of the assets of the ETF, less all liabilities and all expenses incurred with the dissolution of the ETF, on a pro-rata basis.
