OAKVILLE, ON, June 13,
2022 /CNW/ - Harvest Portfolios Group Inc.
("Harvest") is pleased to announce the completion of the initial
offering of Class A Units of the Harvest Canadian Equity Income
Leaders ETF pursuant to a prospectus dated June 6, 2022, filed with the securities
regulatory authorities in all of the Canadian provinces and
territories. The Class A Units of the Harvest Canadian Equity
Income Leaders ETF will commence trading on the TSX today under the
following ticker symbol: TSX: HLIF. This innovative ETF is designed
to provide Canadian investors access to a core diversified
monthly income solution.
Investment Objectives
- HLIF's investment objectives are to provide Unitholders with
(i) monthly cash distributions; (ii) the opportunity for capital
appreciation; and (iii) lower overall volatility of portfolio
returns than would otherwise be experienced by owning Equity
Securities of the Canadian Equity Income Leaders Issuers
directly.
- To achieve lower overall volatility of portfolio returns, the
Harvest Canadian Equity Income Leaders ETF will generally write
covered call options on up to 33% of the portfolio securities. The
level of covered call option writing may vary based on market
volatility and other factors.
Based on current market conditions as determined by Harvest,
HLIF currently anticipates paying a monthly distribution of
$0.0583 per unit starting with a
July 29, 2022 record date and
August 9, 2022 payment date.
"HLIF adds a vital Canadian component to our line up of Equity
Income ETFs" said Michael Kovacs,
President and CEO of Harvest. "HLIF offers a portfolio of Large Cap
equally weighted dividend paying Canadian equities combined with
our proven Option writing strategy to deliver attractive steady
monthly income initially targeted at 7% annually that many Canadian
investors require in the current interest rate environment."
To learn more about HLIF watch this video from Michael Kovacs or read his recent Q&A
article about the ETF. Visit the HLIF website here for further
details: https://harvestportfolios.com/hlif
For additional information: Please visit
www.harvestportfolios.com, e-mail
info@harvestportfolios.com or call toll free
1-866-998-8298.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager
managing $2.4 billion in assets for
Canadian Investors. At Harvest ETFs, our guiding principles are
premised on building wealth for our clients through ownership of
strong businesses that have the potential to grow & generate
steady income over time. Harvest ETFs 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.
Subscribe to Our Monthly
Newsletter:
https://bit.ly/3wQrGOq
Follow Us on Social Media:
LinkedIn:
https://www.linkedin.com/company/harvest-portfolios-group
Twitter:
https://twitter.com/harvestetfs
Facebook: https://www.facebook.com/HarvestETFs
YouTube:
https://www.youtube.com/c/HarvestETFs
Spotify:
https://open.spotify.com/show/4Nh71jcf778tZDICT7TznK
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. 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.
SOURCE Harvest Portfolios Group Inc.
