OAKVILLE, Ontario–(BUSINESS WIRE)–Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest Premium Yield Canadian Bank ETF (“HPYB”) and the Harvest Premium Yield Enhanced ETF (“HPYE”).
HPYB provides investors access to a Canadian Banks equity portfolio seeking long-term capital appreciation, on a levered basis, utilizing an active option strategy designed to provide steady monthly cash distributions, while HPYE provides investors access to the same strategy on a broad portfolio of equities.
“Harvest is pleased to offer two new premium yield ETFs for investors seeking equity exposure and attractive monthly cash distributions,” said Michael Kovacs, President and CEO of Harvest. “HPYB and HPYE complement our growing array of equity income ETFs.”
Investment Objectives of the 2 new Harvest Premium Yield ETFs
HPYB will seek to provide Unitholders with (i) the opportunity for capital appreciation by investing, directly or indirectly, on a levered basis, in a portfolio of Equity Securities of Canadian banks; (ii) regular cash distributions; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning the securities held by HPYB, directly. To achieve lower overall volatility of portfolio returns and generate monthly premiums, HPYB will write covered call and/or covered put options on the Equity Securities held in its portfolio. The level of option writing may vary based on market volatility and other factors.
HPYE will seek to provide Unitholders with (i) the opportunity for capital appreciation by investing, directly or indirectly, on a levered basis, in a portfolio of Equity Securities; (ii) regular cash distributions; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning the Equity Securities directly. To achieve lower overall volatility of portfolio returns and generate monthly premiums, HPYE will write covered call and/or covered put options on the Equity Securities held in its portfolio. The level of option writing may vary based on market volatility and other factors.
Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of HPYB and HPYE and will be responsible for the administration of HPYB and HPYE.
For additional information: Please visit www.harvestportfolios.com, e-mail [email protected] or call toll free 1-866-998-8298.
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, SVP Marketing at [email protected]
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing over $9.7 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.
|
____________________ |
For Additional Information:
Website: https://harvestetfs.com
E-mail: [email protected]
Toll free: 1-866-998-8298
|
____________________ |
Subscribe to Our Monthly Newsletter:
https://harvestportfolios.com/subscribe
|
____________________ |
Follow Us on Social Media:
LinkedIn: https://www.linkedin.com/company/harvest-portfolios-group
Twitter: https://twitter.com/harvestetfs
Facebook: https://www.facebook.com/HarvestETFs
YouTube: https://www.youtube.com/c/HarvestETFs
|
|
A preliminary prospectus containing important information relating to the securities of HPYB and HPYE 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+ (www.sedarplus.ca). 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.
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.
Contacts
For Additional Information:
Website: https://harvestetfs.com
E-mail: [email protected]
Toll free: 1-866-998-8298
