Harvest Announces Listing of Harvest Canadian Equity Income Leaders ETF (HLIF)
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 [email protected] 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.
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Website: https://www.harvestportfolios.com/
SOURCE Harvest Portfolios Group Inc.
E-mail: [email protected], Toll free:1-866-998-8298
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