OAKVILLE, ON, Aug. 13, 2019 /CNW/ - Harvest Portfolios Group
Inc. ("Harvest") announces an expected monthly distribution amount
for Brand Leaders Income Fund, (TSX: HBL.UN), ("HBL.UN") for
the following twelve months commencing August 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
Fund. 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 Fund 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 Fund 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. If the Fund earns less than the amount
distributed, the difference is a return of capital.
SOURCE Harvest Portfolios Group Inc.