OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Class A Units of the Harvest High Income Shares ETFs, outlined in the table below, pursuant to a prospectus dated January 8, 2025, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest High Income Shares ETFs will commence trading on the Toronto Stock Exchange (“TSX”) today under the following ticker symbols outlined in the table below.
Harvest High Income Shares ETF |
Class A TSX Ticker |
MSTY |
|
CONY |
|
PLTE |
|
TSLY |
|
METE |
|
HHIS |
“The launch of these new Harvest High Income Shares ETFs extends the product line to 10 ETFs and is a natural extension of what we have been doing for 15 years; Own stocks for the long term and sell calls to generate income,” said Michael Kovacs, President and CEO of Harvest. “Now through HHIS, Canadian investors will have the ability to buy a single ETF that provides access to the 9 underlying Harvest Single Stock ETFs for diversification and attractive monthly income”.
Distribution Announcement
The initial monthly variable distribution for the Harvest High Income Shares ETFs will be paid on or about March 7, 2025 to unitholders of record on February 28, 2025 with an ex-dividend date of February 28, 2025. The ETFs names, tickers, and initial monthly variable distribution amount per unit are outlined in the table below.
Harvest High Income Shares ETF |
TSX Ticker |
Initial Monthly Variable Distribution |
MSTY |
$0.4000 per unit |
|
CONY |
$0.3000 per unit |
|
PLTE |
$0.3700 per unit |
|
TSLY |
$0.3200 per unit |
|
METE |
$0.2000 per unit |
|
HHIS |
$0.2500 per unit |
Investment Objectives
Harvest High Income Shares ETFs seeks to provide Unitholders with long-term capital appreciation through purchasing and holding a single common stock and high monthly cash distributions.
Harvest Enhanced High Income Shares ETFs seek to provide Unitholders with long-term capital appreciation through purchasing and holding, on a levered basis, a single common stock and high monthly cash distributions.
Harvest Diversified High Income Shares ETF seeks to provide Unitholders with high monthly cash distributions and the opportunity for long-term capital appreciation, on a levered basis, by investing in a portfolio of Harvest High Income Shares ETFs and Harvest Enhanced High Income Shares ETFs.
For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestetfs.com or call toll free 1-866-998-8298.
For media inquiries: Contact Caroline Grimont, VP Marketing at cgrimont@HarvestETFs.com
Investment Dealers can access and download certain regulatory documents relating to Harvest High Income Shares ETFs such as the ETF Facts and prospectus via the Harvest website at www.harvestetfs.com.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $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 five variations: Equity, Enhanced, Fixed Income, Balanced and Single Stock ETFs.
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For Additional Information:
Website: www.harvestetfs.com
E-mail: info@harvestetfs.com
Toll free: 1-866-998-8298
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