OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest MicroStrategy High Income Shares ETF (“MSTY”), Harvest Coinbase High Income Shares ETF (“CONY”), Harvest Palantir Enhanced High Income Shares ETF (“PLTE”), Harvest Tesla Enhanced High Income Shares ETF (“TSLY”), Harvest Meta Enhanced High Income Shares ETF (“METE”) and Harvest Diversified High Income Shares ETF (“HHIS”).
MSTY and CONY provide single-stock ETF access to the growth potential of MicroStrategy Incorporated and Coinbase Global Inc., respectively, with an active covered call strategy designed to generate high monthly income.
PLTE, TSLY and METE provide single-stock ETF access to the growth potential of Palantir Technologies Inc., Tesla, Inc., and Meta Platforms, Inc., respectively, by engaging modest leverage and an active covered call strategy designed to generate enhanced high monthly income.
HHIS 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.
“Harvest is pleased to add these new offerings to expand our suite of single-stock ETFs”, said Michael Kovacs, President and CEO of Harvest, “These are exciting widely held companies, and through our underlying covered call option strategies, can deliver high levels of monthly income for investors. For over 15 years, Harvest has been committed to bringing innovative growth and high-income investment opportunities to the Canadian market.”
Investment Objectives of the New Harvest High Income Shares ETFs
MSTY will seek to provide Unitholders with (i) long-term capital appreciation by investing, directly or indirectly in the common stock class A of MicroStrategy Incorporated (“MicroStrategy”) and (ii) high monthly cash distributions.
CONY will seek to provide Unitholders with (i) long-term capital appreciation by investing, directly or indirectly in class A common stock of Coinbase Global Inc. (“Coinbase”) and (ii) high monthly cash distributions.
PLTE will seek to provide Unitholders with (i) long-term capital appreciation by investing, directly or indirectly, on a levered basis, in the class A common stock of Palantir Technologies Inc. (“Palantir”) and (ii) high monthly cash distributions.
TSLY will seek to provide Unitholders with (i) long-term capital appreciation by investing, directly or indirectly, on a levered basis, in common stock of Tesla, Inc. (“Tesla”) and (ii) high monthly cash distributions.
METE will seek to provide Unitholders with (i) long-term capital appreciation by investing, directly or indirectly, on a levered basis, in the class A common stock of Meta Platforms, Inc. (“Meta”) and (ii) high monthly cash distributions.
HHIS will seek to provide Unitholders with high monthly cash distributions and the opportunity for capital appreciation, on a levered basis, by investing in a portfolio of exchange traded mutual funds managed by the Manager that (i) invest in single equity securities, and (ii) engage in covered call strategies.
Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of MSTY, CONY, PLTE, TSLY, METE and HHIS and will be responsible for the administration of MSTY, CONY, PLTE, TSLY, METE and HHIS.
For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestetfs.com or call toll free 1-866-998-8298.
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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 over $5.3 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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A preliminary prospectus containing important information relating to the securities of MSTY, CONY, PLTE, TSLY, METE and HHIS has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR+ (www.sedarplus.ca). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Commissions, management fees, and expenses all may be associated with ETFs. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
