OAKVILLE, ON, March 29, 2018 /CNW/ - Harvest Portfolios Group Inc. ("Harvest") is pleased to announce the completion of the initial offering of Class A Units of the Harvest Banks & Buildings Leaders Income ETF, pursuant to a prospectus dated January 26, 2018, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Banks & Buildings Leaders Income ETF will commence trading on the Toronto Stock Exchange ("TSX") today under the following ticker symbol: HCBB:TSX.
The Harvest Banks & Buildings Income ETF's investment objectives are to (i) generate monthly income; and (ii) maximize total returns by investing primarily in a portfolio of Banking Issuers, other Financial Issuers and real estate related companies and/or REITs listed on a recognized stock exchange in North America.
"We want to provide our Canadian investors with convenient and lower cost access to our longest running income strategy" commented Michael Kovacs, President & Chief Executive Officer of Harvest, "The new ETF is based on the Harvest Banks & Buildings Income mutual fund, a popular strategy designed in 2009, for investors seeking income and potential capital appreciation."
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 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 ETF 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 ETF 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 ETF. You can find more detailed information about the ETF in these documents.
SOURCE Harvest Portfolios Group Inc.
For further information: Please visit www.harvestportfolios.com, e-mail firstname.lastname@example.org or call toll free 1-866-998-8298.