OAKVILLE, ON, April 29, 2019 /CNW/ - Harvest Portfolios Group
Inc. ("Harvest") announces the expected monthly distribution
amounts for the following three Closed-End Funds (the "Funds").
Australian REIT Income Fund, (TSX: HRR.UN), ("HRR.UN")
announces an expected monthly distribution amount for the following
twelve months commencing April 30,
2019 of $0.055 per Class A
Unit ($0.66 per annum) and
$0.055 per Class F Unit ($0.66 per annum). This monthly distribution
amount remains the same as the regular monthly distribution paid by
HRR.UN since its inception.
HRR.UN, managed by Harvest, has been established to provide
Unitholders with an actively managed portfolio comprised primarily
of equity securities listed on the Australian Securities Exchange
issued by Australian real estate investment trusts and issuers
principally engaged in the real estate industry in Australia.
HRR.UN's investment objectives are to provide Unitholders
with:
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(i)
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monthly cash
distributions; and
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(ii)
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the opportunity for
capital appreciation.
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Global Telecom & Utilities Income Fund, (TSX:
HGI.UN), ("HGI.UN") announces an expected monthly distribution
amount for the following eleven months commencing April 30, 2019 of $0.06 per Trust Unit ($0.72 per annum). This monthly distribution
amount remains the same as the regular monthly distribution paid by
HGI.UN since its inception.
HGI.UN, managed by Harvest, has been established to provide
Unitholders with exposure to an actively managed portfolio
comprised primarily of equity securities of global telecom issuers
and global utilities issuers.
HGI.UN's investment objectives are to provide Unitholders
with:
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(i)
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monthly cash
distributions; and
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(ii)
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the opportunity for
capital appreciation.
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Brand Leaders Income Fund, (TSX: HBL.UN), ("HBL.UN")
announces an expected monthly distribution amount for the following
five months commencing April 30, 2019
of $0.065 per Trust Unit
($0.78 per annum). This monthly
distribution amount remains the same as the regular monthly
distribution paid by the HBL.UN since its inception.
HBL.UN, managed by Harvest, has been established to provide
Unitholders with exposure in an equally-weighted portfolio of
Equity Securities of 15 Brand Leaders from the Brand Leaders
Investable Universe that have a market capitalization of at least
US$10 billion at the time of
investment and meet certain investment characteristics.
HBL.UN's investment objectives are to provide Unitholders
with:
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(i)
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monthly cash
distribution;
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(ii)
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the opportunity for
capital appreciation; and
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(iii)
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lower overall
volatility of Portfolio returns than would otherwise be experienced
by owning Equity Securities of the Brand Leaders
directly.
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Founded in 2009, Harvest Portfolios Group Inc. is a Canadian
Investment Fund Manager which offers an innovative suite of
exchange traded funds, mutual funds and publicly-listed structured
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.
This press release contains forward-looking information. The
forward-looking information contained in this press release is
based on historical information concerning distributions of the
Funds. The forward-looking information contained in this press
release constitutes each of the Funds expected monthly distribution
amounts, as of the date of this press release.
You will usually pay brokerage fees to your dealer if you
purchase or sell units of the Funds on the TSX. If units are
purchased or sold on the TSX, investors may pay more than the
current net asset value when buying units of the Funds 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. 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.
Investment funds are not guaranteed, their values change frequently
and past performance may not be repeated. Distributions are paid to
you in cash for the Global Telecom & Utilities Income Fund and
the Brand Leaders Income Fund. Distributions are paid to you in
cash for the Australian REIT Income Fund unless you request,
pursuant to your participation in a distribution reinvestment plan,
that they be reinvested into the Class A or Class F units. If the
Funds earns less than the amount distributed, the difference is a
return of capital.
SOURCE Harvest Portfolios Group Inc.