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OAKVILLE, Ontario — Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest High Income Equity Shares ETF (“HHIH”).
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HHIH provides un-levered access to the growth potential of a portfolio of leading and trending US stocks that are generally similar to the underlying single stocks held in the ETFs within the portfolio of the Harvest Diversified High Income Shares ETF (HHIS:TSX) with an active covered call strategy designed to generate high monthly income.
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“Harvest is pleased to add this new offering to compliment the success of HHIS on an unlevered basis”, said Michael Kovacs, President and CEO of Harvest, “HHIH is designed to capture a diverse selection of companies that are positioned for strong growth, and through our covered call option strategy, can deliver high levels of monthly income for investors. For over 15 years, Harvest has been committed to bringing innovative growth and high-income investment opportunities to the Canadian market.”
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Investment Objective
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HHIH will seek to provide Unitholders with (i) high monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning the portfolio securities of Harvest High Income Equity Shares ETF directly. To achieve lower overall volatility of returns, the Harvest High Income Equity Shares ETF will generally write covered call options on up to 50% of the equity securities held directly by the Harvest High Income Equity Shares ETF or invest in exchange traded mutual funds managed by the Manager that (i) invest in single equity securities, and (ii) engage in covered call strategies. The level of covered call option writing may vary based on market volatility and other factors.
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Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of HHIH and will be responsible for the administration of HHIH.
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For additional information: Please visit www.harvestportfolios.com, e-mail [email protected] or call toll free 1-866-998-8298.
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Harvest ETFs invites you to subscribe to our monthly commentary newsletter. By subscribing through the following link, you will receive timely insights, analyses and perspectives directly to your inbox: https://harvestportfolios.com/subscribe For media inquiries: Contact Caroline Grimont, VP Marketing at [email protected]About Harvest Portfolios Group Inc. Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $7.3 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings centre around covered call strategies, available in many variations: Equity, Enhanced, Fixed Income, Multi Asset, Specialty, Digital Assets and Single Stock ETFs.
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A preliminary prospectus containing important information relating to the securities of HHIH has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR+ (
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). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
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Commissions, management fees, and expenses all may be associated with ETFs. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
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