OAKVILLE, ON, Oct. 30, 2020 /CNW/ - Harvest Portfolios
Group Inc. ("Harvest") announces a change to the monthly
distribution amount from $0.0300 CAD
per unit to $0.0100 CAD per unit for
the Class A units of the Harvest Energy Leaders Plus Income ETF
(TSX: HPF) and from $0.0300 USD per
unit to $0.0100 USD per unit for the
Class U units of the Harvest Energy Leaders Plus Income ETF (TSX:
HPF.U). The new monthly distribution amount for both Class A units
and Class U units, taking effect for the December 31, 2020 record date, represents a
current annual yield of approximately 6.9% for Class A units and
6.1% for Class U units.
The change to the distribution amount is intended to provide a
reasonable and sustainable yield for unitholders of both the Class
A and Class U units of the Harvest Energy Leaders Plus Income ETF
while continuing to provide the opportunity for long-term capital
appreciation through exposure to the large cap energy sector.
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
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 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.