OAKVILLE, ON, March 12, 2020
/CNW/ - Harvest Portfolios Group Inc. ("Harvest") is pleased to
announce the completion of the initial offering of Class B Unhedged
Units of the Harvest Healthcare Leaders Income ETF ("HHL"), Harvest
Brand Leaders Plus Income ETF ("HBF") and Harvest Tech Achievers
Growth & Income ETF ("HTA"), pursuant to a prospectus dated
June 14, 2019, as amended on
February 27, 2020, filed with the
securities regulatory authorities in all of the Canadian provinces
and territories.
The Class B Unhedged Units are denominated in Canadian dollars
and will commence trading on the Toronto Stock Exchange ("TSX")
today under the following ticker symbols: HHL.B, HBF.B and HTA.B.
The value of the portfolio attributable to the Class B Unhedged
Units, if any, will not be hedged.
"We want to give investors as much flexibility as possible when
investing in our core Equity Income Strategies. With the new Class
B Unhedged Units, one can choose the underlying ETF in hedged,
unhedged or USD." said Michael
Kovacs, President and CEO of Harvest.
HHL's investment objective is to provide Unitholders with (i)
the opportunity for capital appreciation; (ii) monthly cash
distributions; and (iii) lower overall volatility of portfolio
returns than would otherwise be experienced by owning Equity
Securities of the Healthcare Leaders directly. To achieve
lower overall volatility of portfolio returns, HHL 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.
HBF's investment objective is to provide holders of Units
("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 Brand Leaders directly. To
achieve lower overall volatility of portfolio returns, HBF 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.
HTA's investment objective is to provide Unitholders with (i)
the opportunity for capital appreciation; (ii) monthly cash
distributions; and (iii) lower overall volatility of the portfolio
returns than would otherwise be experienced by owning Equity
Securities of Technology Achievers directly. To achieve lower
overall volatility of portfolio returns, HTA 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.
About Harvest Portfolios Group Inc.
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.
You will usually pay brokerage fees to your dealer if you
purchase or sell units of the Fund(s) on the TSX. If the units are
purchased or sold on the TSX, investors may pay more than the
current net asset value when buying units of the Fund(s) 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. 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 fund. You can find more detailed
information about the fund in these documents.
SOURCE Harvest Portfolios Group Inc.