OAKVILLE, Ontario (BUSINESS WIRE) | French – Harvest Portfolios Group Inc. (“Harvest”), announces a notional final distribution of $1.18981 for each Class A unit of Harvest ESG Equity Index ETF (TSX:HESG) (the “ETF”) with a record date of August 22, 2023 and an-ex-dividend date of August 21, 2023.
As previously announced by Harvest on August 23, 2023, the ETF was terminated and delisted from the Toronto Stock Exchange at the close of business on August 22, 2023.
The notional final distribution was not paid in cash and was 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 did not change as a result of the non-cash distribution. The notional final distribution will be reported as a taxable 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.
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