The Harvest Diversified High Income Shares ETF (TSX: HHIS) is made up of a portfolio of Harvest single stock ETFs that represent top US stocks. The underlying ETFs in HHIS use a covered call strategy, and employ modest leverage of approximately 25% to generate higher monthly cash distributions for its unitholders.

The Harvest High Income Equity Shares ETF (TSX: HHIH) is a portfolio of leading and trending US stocks that are generally similar to the underlying single stocks held in the ETFs within HHIS, on an unlevered basis. It uses an active covered call strategy, seeking to provide high monthly income.

The Harvest Canadian High Income Shares ETF (TSX: HHIC) holds a portfolio of established and trending TSX-listed equities. It is overlayed with an active covered call writing strategy and employs modest leverage of approximately 25%, seeking to generate a high yield every month.

Harvest High Income Shares™ ETFs provide access to widely-held stocks in the form of a Canadian Trust Unit listed on the TSX. Each ETF invests in a top company and is overlayed with Harvest’s flexible covered call writing strategy to generate high monthly income by writing up to 50% on the stock in the portfolio. These products offer a unique blend of high monthly income and exposure to the growth potential of the largest and most widely-held US stocks in an affordable way.

The Harvest Canadian single stock High Income Shares (“Canadian ETFs”) are ETF classes of a mutual fund corporation (“MFC”). The MFC tax structure results in tax being calculated at a consolidated level where capital gains and losses are offset within the corporation. Dividends paid by each Canadian ETF are tax efficient as they are generally classified as eligible dividends or capital gains if available.

Harvest High Income Shares™ ETFs are designed for investors in two major groups:

1. Investors who want to own positions in an individual top company while being able to collect a high level of income due to covered call writing
2. Investors who may already own one of the selected stocks and like the idea of using the covered call strategy to reduce risk while adding income

Harvest High Income Shares™ ETFs are Canadian issued and traded securities with units available in both Canadian and US dollar units. Investors in any of the Harvest High Income Shares™ ETFs can participate in a top company’s long-term growth, and benefit from Harvest’s covered call writing strategy that’s used to provide an attractive, tax-efficient monthly income.

Harvest High Income Shares™ ETFs offers a more affordable way to gain sizable exposure to these expensive US stocks. There are also Harvest Enhanced High Income Shares ETFs with modest leverage.

The management fee on Harvest High Income Shares™ ETFs and Harvest Enhanced High Income Shares™ ETFs is 0.40%.

The distribution frequency is set to monthly. Our portfolio management team will write covered calls on up to 50% of the stock in to generate high monthly cash distributions. We also offer Enhanced High Income Shares™ with modest leverage (Around 25%) for even higher income and return potential.

There are two types of investors suited to this strategy, i) Those who want to own positions in an individual company while being able to collect a high level of income due to the covered call writing and, ii) those who may already own one of the selected stocks and like the idea of using the covered call strategy to reduce risk while adding income.

Harvest High Income Shares™ will deliver value to shareholders by overlaying an active covered call writing strategy on the individual stock held, directly or indirectly, by the underlying ETF. Our portfolio management team will write covered calls on up to 50% of the stock in order to generate high monthly cash distributions.

We also offer Enhanced High Income Shares™ with modest leverage (around 25%) for even higher income and return potential.

The Harvest Diversified High Income Shares ETF (HHIS:TSX) is a one-ticket solution to all Enhanced High Income Shares ETFs.

Harvest High Income Shares™ are Canadian traded securities available in both Canadian or US dollar units. Investors in HHIS can participate in long-term growing businesses through ownership of the select stock, while Harvest’s covered call writing strategy is able to provide an attractive, tax-efficient monthly yield.

The Harvest Diversified High Income Shares ETF (HHIS:TSX) is designed to provide Canadian investors access to a portfolio consisting of Harvest High Income Shares ETFs that provides high monthly cash distributions and the opportunity for capital appreciation, on a levered basis. HHIS will invest in a portfolio of ETFs that invest in single equity securities and are engaged in covered call strategies.

HHIS currently holds Harvest single stock ETFs of which many only pay a very small dividend to each ETF held. Each Harvest single stock ETF held in the portfolio pays a monthly distribution to HHIS which in turn reflects the aggregate tax character of these distributions received. As a result, it is anticipated that the foreign income component (US dividend) of the over-all HHIS distribution will be minimal at best and that the bulk of the tax character of HHIS distributions paid will be a combination of capital gains and return of capital.

The distribution (dividend) declarations occur monthly between the 21st and 24th. Record date and ex-dividend is the last trading date of the month except for September which is the second last trading day. Pay dates are the 6th of each month unless the 6th falls on the weekend, then it would be on the Friday in advance.

Harvest announces monthly distributions on the declaration date via press release. Please see the most recent press releases here.