OAKVILLE, ON, Nov. 30, 2017 /CNW/ - Harvest Portfolios Group Inc. ("Harvest") announces a change to the monthly distribution amount from $0.0583 CAD per unit to $0.0300 CAD per unit for the Class A units of the Energy Leaders Plus Income ETF (HPF:TSX) and from $0.0583 USD per unit to $0.0300 USD per unit for the Class U units of the Energy Leaders Plus Income ETF (HPF.U:TSX). The new monthly distribution amount for both Class A units and Class U units, taking effect for the January 31, 2018 record date, represents a current annual yield of approximately 7% for both classes.
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 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.
Since 2009, Harvest Portfolios Group Inc. ("Harvest"), an independent Canadian investment management company, has been providing Canadian investors access to investment products that generate steady long term income. Harvest managed investment products embrace three investment principles – simplicity, transparency and consistent income – to help investors achieve their investment goals.
Notwithstanding this announcement, the amount of the distribution may vary from period to period, and there can be no assurance that any distribution will be paid in any particular period. 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.
For further information: Please visit www.harvestportfolios.com, e-mail email@example.com or call toll free 1-866-998-8298.