OAKVILLE, Ontario--(BUSINESS WIRE)--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 December 31, 2024 record date with a payable date of January 9, 2025. 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 long-term record of steady monthly cash distributions” said Michael Kovacs, Harvest President and CEO. “This is the second increase this year for our award-winning Tech ETFs and the Harvest US Bank Leaders Income ETF.”
Details regarding the increase to the monthly cash distribution amounts for the Harvest ETFs are as follows in the table below:
Harvest ETF |
TSX Ticker |
Current Cash Distribution Per Unit1
|
New Cash Distribution Per Unit1 |
Cash Distribution Increase Percentage Per Unit1
|
Current Yield as at December 2, 2024
|
Estimated New Current Yield as at December 2, 2024
|
HTA |
$0.1300 |
$0.1400 |
7.69% |
8.10% |
8.72% |
|
HTA.B |
$0.1300 |
$0.1400 |
7.69% |
7.53% |
8.11% |
|
HTA.U |
$0.1300 |
$0.1400 |
7.69% |
7.46% |
8.04% |
|
HUBL |
$0.0900 |
$0.1000 |
11.11% |
7.46% |
8.29% |
|
HUBL.U |
$0.0900 |
$0.1000 |
11.11% |
6.64% |
7.38% |
|
HTAE |
$0.1500 |
$0.1600 |
6.67% |
10.22% |
10.90% |
|
1 For Class U units, amounts are in U.S. dollars. All other amounts are in Canadian dollars. |
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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.harvestportfolios.com, e-mail info@harvestetfs.com 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 cgrimont@HarvestETFs.com
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $5.2 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings center around covered call strategies, available in four variations: Equity, Enhanced, Fixed Income, and Balanced. In August 2024, we launched Harvest High Income Shares ETFs, which are designed to generate high monthly cash distributions and exposure to long-term growth through single-stock ownership.
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E-mail: info@harvestetfs.com
Toll free: 1-866-998-8298
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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 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.
