Harvest ETFs Announces Increases to Monthly Cash Distributions

Date

June 25, 2024

OAKVILLE, Ontario — (BUSINESS WIRE) | French – Harvest Portfolios Group Inc. (“Harvest”) announces increases to the monthly cash distribution amounts for the Harvest ETFs (“ETFs”) outlined in the table below. The new monthly cash distribution amounts will take effect for the July 31, 2024 record date with a payable date of August 9, 2024. The increase to the distribution amounts is intended to provide a reasonable and sustainable distribution yield for unitholders of the ETFs while continuing to provide the opportunity for long-term capital appreciation through exposure to the investment mandate of each of the ETFs.

“Harvest takes pride in our ETFs long-term record of steady monthly cash distributions and we are pleased to announce these increases as an important part of the ETFs total return to unitholders,” said Michael Kovacs, Harvest President and CEO. “Later in 2024 will mark the 10th anniversary of the Harvest Healthcare Leaders Income ETF (“HHL”). Over nearly 10 years, HHL has paid out $450 million (CAD) of steady monthly cash distributions as of May 31, 2024.”

Details regarding the increase to the monthly cash distribution amounts for the Harvest ETFs are as follows in the table below:

TSX Ticker Current Cash Distribution Per Unit1 New Cash Distribution Per Unit1 Cash Distribution Increase Percentage Per Unit1 Current Yield as at June 21, 2024 Estimated New Current Yield as at June 21, 2024
HHL $0.0583 $0.0600 2.92% 8.36% 8.60%
HHL.B $0.0583 $0.0600 2.92% 7.51% 7.73%
HHL.U $0.0583 $0.0600 2.92% 7.86% 8.09%
HBF $0.0600 $0.0650 8.33% 7.42% 8.04%
HBF.B $0.0600 $0.0650 8.33% 6.61% 7.16%
HBF.U $0.0600 $0.0650 8.33% 6.56% 7.10%
HTA $0.1200 $0.1300 8.33% 7.56% 8.18%
HTA.B $0.1200 $0.1300 8.33% 7.24% 7.84%
HTA.U $0.1200 $0.1300 8.33% 7.00% 7.58%
HUTL $0.1166 $0.1216 4.29% 8.49% 8.85%
HUBL $0.0833 $0.0900 8.00% 8.51% 9.20%
HUBL.U $0.0833 $0.0900 8.00% 7.65% 8.26%
HHLE $0.0913 $0.0934 2.13% 10.35% 10.58%
HTAE $0.1300 $0.1500 15.38% 8.86% 10.23%
HUTE $0.0851 $0.0880 3.41% 10.62% 10.98%
HDIF $0.0708 $0.0741 4.71% 10.32% 10.81%
HRIF $0.1000 $0.1100 10.00% 7.59% 8.34%

1 For Class U units, amounts are in U.S. dollars. All other amounts are in Canadian dollars.

Harvest has established a Distribution Reinvestment Plan (“DRIP”) for the Harvest ETFs described above, allowing investors to easily benefit from compounding their distributions on a monthly basis. Each are listed on the Toronto Stock Exchange (TSX) and are eligible for the Distribution Reinvestment Plan, provided that their investment dealer supports participation in the DRIP. Investors may opt into the DRIP by contacting their investment dealer, otherwise distributions will be paid in cash.

For additional information: Please visit www.harvestetfs.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].

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $4.3 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.

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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. Distributions are paid to you in cash unless you request, pursuant to your participation in a distribution reinvestment plan, that they be reinvested into Class A, Class B or Class U units of the Fund. If the Fund earns less than the amounts distributed, the difference is a return of capital. 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. The current yield represents an annualized amount that is comprised of 12 unchanged monthly distributions (using the most recent month’s distribution figure multiplied by 12) as a percentage of the closing market price of the Fund. The current yield does not represent historical returns of the ETF but represents the distribution an investor would receive if the most recent distribution stayed the same going forward..

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Contacts

Website: https://harvestetfs.com
E-mail: [email protected]
Toll free: 1-866-998-8298

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.

Harvest ETFs Announces Increases to Monthly Cash Distributions

Harvest ETFs announced by press release on June 25, 2024 that certain ETFs will increase their monthly cash distribution amount for all classes taking effect for the July 31, 2024 record date with a payable date of August 9, 2024. For more details, please read the press release.

PRESS RELEASE