OAKVILLE, ON, Dec. 15, 2021 /PRNewswire/ -- Harvest Portfolios
Group Inc. (the "Manager") of Brand Leaders Income Fund, (TSX:
HBL.UN), (the "Fund") announces that the Fund will terminate on or
about March 15, 2022 (the
"Termination Date).
Unitholders are not required to take any action in connection
with the termination of the Fund.
In connection with the termination, please note the
following:
- The Manager will submit a request to the Toronto Stock Exchange
(the "TSX") to delist the units from the TSX at the close of
business on March 15, 2022;
- The Manager will distribute the assets of the Fund for an
amount equal to the pro-rata share of the net assets of the Fund
remaining after the payment or accrual of all debts, expenses and
liabilities and liquidation expenses of the Fund;
- The Fund will pay a final monthly distribution for the period
ending February 28, 2022 of
$0.065 per unit payable on
March 9, 2022 to unitholders of
record as at February 28, 2022;
and
- Payment of the termination proceeds will be made on or about
March 22, 2022 to the beneficial
holders of such units through CDS Clearing and Depository Services
Inc.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager
managing $2 billion in assets for
Canadian Investors. Harvest 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.
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.