Harvest announces TSX Listing of Class B Unhedged Units for Three Harvest ETFs

March 12, 2020

 

OAKVILLE, ONTARIO, March 12, 2020 – Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Class B Unhedged Units of the Harvest Healthcare Leaders Income ETF (“HHL”), Harvest Brand Leaders Plus Income ETF (“HBF”) and Harvest Tech Achievers Growth & Income ETF (“HTA”), pursuant to a prospectus dated June 14, 2019, as amended on February 27, 2020, filed with the securities regulatory authorities in all of the Canadian provinces and territories.

The Class B Unhedged Units are denominated in Canadian dollars and will commence trading on the Toronto Stock Exchange (“TSX”) today under the following ticker symbols: HHL.B, HBF.B and HTA.B. The value of the portfolio attributable to the Class B Unhedged Units, if any, will not be hedged.

“We want to give investors as much flexibility as possible when investing in our core Equity Income Strategies. With the new Class B Unhedged Units, one can choose the underlying ETF in hedged, unhedged or USD.” said Michael Kovacs, President and CEO of Harvest.

HHL’s investment objective is to provide Unitholders with (i) the opportunity for capital appreciation; (ii) monthly cash distributions; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning Equity Securities of the Healthcare Leaders directly. To achieve lower overall volatility of portfolio returns, HHL 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.

HBF’s investment objective is to provide holders of Units (“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 Brand Leaders directly. To achieve lower overall volatility of portfolio returns, HBF 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.

HTA’s investment objective is 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 Technology Achievers directly. To achieve lower overall volatility of portfolio returns, HTA 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.

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Disclaimer

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.

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