OAKVILLE,
ON, Sept. 15, 2021 /CNW/
- Harvest Portfolios Group Inc. ("Harvest") announces a change
to the monthly distribution amount from $0.0542 CAD per unit to $0.0600 CAD per unit for the Class A units of the
Harvest Brand Leaders Plus Income ETF (TSX: HBF), from $0.0542 USD per unit to $0.0600 USD per unit for the Class U units of the
Harvest Brand Leaders Plus Income ETF (TSX: HBF.U) and from
$0.0542 CAD per unit to $0.0600 CAD per unit for the Class B units of the
Harvest Brand Leaders Plus Income ETF (TSX: HBF.B). The new monthly
distribution amount for both Class A units, Class U units and Class
B units, taking effect for the November 30,
2021 record date, represents a current annual yield of
approximately 6.3% for Class A units, 5.8% for Class U units and
6.2% for Class B units.
The change to the distribution amount is intended
to provide a reasonable and sustainable distribution yield for
unitholders of both the Class A, Class U and Class B units of the
Harvest Brand Leaders Plus Income ETF while continuing to provide
the opportunity for long-term capital appreciation through exposure
to an equally weighted portfolio of 20 large companies from the
world's Top 100 Brands that engages an active call strategy to
enhance the monthly distribution.
Harvest also announces a change to the monthly
distribution amount from $0.0100 CAD
per unit to $0.0150 CAD per unit for
the Class A units of the Harvest Energy Leaders Plus Income ETF
(TSX: HPF) and from $0.0100 USD per
unit to $0.0150 USD per unit for the
Class U units of the Harvest Energy Leaders Plus Income ETF (TSX:
HPF.U). The new monthly distribution amount for both Class A units
and Class U units, taking effect for the November 30, 2021 record date, represents a
current annual yield of approximately 6.8% for Class A units and
5.8% for Class U units.
The change to the distribution amount is intended
to provide a reasonable and sustainable distribution yield for
unitholders of both the Class A and Class U units of the Harvest
Energy Leaders Plus Income ETF while continuing to provide the
opportunity for long-term capital appreciation through exposure to
an equally weighted portfolio of 20 large global energy companies
that engages an active call strategy to enhance the monthly
distribution.
"At Harvest, we understand the value of income
for investors in a low interest environment and manage our Equity
Income ETFs in order to pay sustainable and regular monthly
distributions", says Michael Kovacs,
President & CEO.
About Harvest Portfolios Group Inc. Founded in
2009, Harvest is a Canadian Investment Fund Manager managing over
$1.8 billion in assets for Canadian
Investors. Harvest 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.
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.
SOURCE Harvest Portfolios Group Inc.
