OAKVILLE, ON, Dec. 15, 2021 /CNW/ - Harvest Portfolios Group
Inc. ("Harvest") announces that effective January 1, 2022, Brand Leaders Income Fund (TSX:
HBL.UN) and Australian REIT Income Fund (TSX: HRR.UN) will
discontinue paying quarterly servicing fees which are currently
paid to registered investment dealers that have investors that hold
units of HBL.UN and Class A units of HRR.UN. The final quarterly
servicing fee for HBL.UN and HRR.UN will be paid to registered
investment dealers on or about January 10,
2022. Harvest believes that discontinuing servicing fee
payments will align HBL.UN and HRR .UN with the majority of
closed-end funds which do not pay servicing fees. Harvest expects a
reduction to the management expense ratio going forward for HBL.UN
and HRR.UN as a result of discontinuing the quarterly servicing
fees.
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.
Certain statements in this press release are forward looking
Forward-looking statements ("FLS") are statements that are
predictive in nature, depend upon or refer to future events or
conditions, or that include words such as "may," "will," "should,"
"could," "expect," "anticipate," "intend," "plan," "believe,"
or "estimate," or other similar expressions. Statements that
look forward in time or include anything other than historical
information are subject to risks and uncertainties, and actual
results, actions or events could differ materially from those set
forth in the FLS. Although the FLS contained herein are based
upon what Harvest Portfolios Group Inc. believes to be reasonable
assumptions, Harvest Portfolios Group Inc. cannot assure that
actual results will be consistent with these FLS.
SOURCE Harvest Portfolios Group Inc.