OAKVILLE, Ontario (BUSINESS WIRE) | French – Further to its announcement on June 23, 2023, Harvest Portfolios Group Inc. (“Harvest”), announces the Class A units of the Harvest ESG Equity Income Index ETF (TSX:HESG) (the “ETF”) were terminated effective August 22, 2023. The Class A units of the ETF were delisted from the Toronto Stock Exchange as at the close of business on August 22, 2023.
The Class A units of the ETF final net asset value per unit was $11.6997. Payment of the termination proceeds will be made on or about August 29, 2023 to the beneficial holders of such units through CDS Clearing and Depository Services Inc.
Harvest will announce the notional final distribution details for the Class A units of the ETF on or about August 30, 2023. Please be advised that the announcement date replaces what was stated in the August 15, 2023 press release for the ETF.
The ex-dividend date for the notional final distribution is August 21, 2023 for all unitholders of record on August 22, 2023.
The notional final distribution will not be paid in cash but will be reinvested and immediately consolidated so that the final number of units held by the unitholder, the final units outstanding of the ETF, and the final net asset value of the ETF on August 22, 2023 will not change as a result of the non-cash distribution. The notional final distribution will be reported as a taxable income distribution and will result in an increase to each unitholder’s adjusted cost base for the ETF. The taxable amounts and nature of distributions for the ETF will be reported to brokers through CDS Clearing and Depository Services Inc. (“CDS”) by early 2024.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $3.6 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.
Subscribe to Our Monthly Newsletter:
Follow Us on Social Media:
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.