OAKVILLE, ON, March 6, 2018 /CNW/ - Harvest Portfolios Group Inc. ("Harvest") is pleased to announce the completion of the initial offering of Class A Units of the Harvest European 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 European Leaders Income ETF will commence trading on the Toronto Stock Exchange ("TSX") today under the following ticker symbol: HEUR:TSX.
The Harvest European Leaders Income ETF's investment objectives are to provide Unitholders with (i) monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would otherwise be experienced by owning Equity Securities of the European Leaders directly. To achieve lower overall volatility of portfolio returns, the Harvest European Leaders Income ETF will generally write covered call options on up to 33% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.
"Europe houses some of the most established and innovative business in the world, it was only logical for Harvest to add an ETF of true business leaders to our lineup of Equity Income ETFs," said Michael Kovacs, President & Chief Executive Officer, Harvest Portfolios Group Inc.
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 [email protected] or call toll free 1-866-998-8298.