OAKVILLE, ON, Aug. 13, 2020 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) announces an expected monthly distribution amount for Brand Leaders Income Fund, (TSX: HBL.UN), (“HBL.UN”) for the following twelve months commencing August 31, 2020 of $0.065 per Trust Unit ($0.78 per annum). This monthly distribution amount remains the same as the regular monthly distribution paid by the HBL.UN since its inception.
HBL.UN, managed by Harvest, has been established to provide Unitholders with exposure in an equally-weighted portfolio of Equity Securities of 15 Brand Leaders from the Brand Leaders Investable Universe that have a market capitalization of at least US$10 billion at the time of investment and meet certain investment characteristics.
HBL.UN’s investment objectives are to provide Unitholders with:
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(i) |
monthly cash distribution; |
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(ii) |
the opportunity for capital appreciation; and |
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(iii) |
lower overall volatility of Portfolio returns than would otherwise be experienced by owning Equity Securities of the Brand Leaders directly. |
