Harvest Announces New ETF Listings on the TSX
16 1월 2024 - 9:30PM
Business Wire
Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce
the completion of the initial offering of Class A and U Units of
the Harvest Premium Yield 7-10 Year Treasury ETF and Class A Units
of the Harvest Canadian T-Bill ETF pursuant to a prospectus dated
January 8, 2024, filed with the securities regulatory authorities
in all of the Canadian provinces and territories. The Class A and U
Units of the Harvest Premium Yield 7-10 Year Treasury ETF will
commence trading on the Toronto Stock Exchange (“TSX”) today under
the following ticker symbols: HPYM:TSX (“HPYM”) and HPYM.U:TSX
(“HPYM.U”) respectively. The Class A units of the Harvest Canadian
T-Bill ETF will commence trading on the TSX today under the
following ticker symbol: TBIL:TSX (“TBIL”).
Harvest is also pleased to announce the completion of the
initial offering of Class U Units of the Harvest Premium Yield
Treasury ETF pursuant to a prospectus dated September 22, 2023, as
amended on November 24, 2023, filed with the securities regulatory
authorities in all of the Canadian provinces and territories. The
Class U units of the Harvest Premium Yield Treasury ETF will
commence trading on the TSX today under the following ticker
symbol: HPYT.U:TSX (“HPYT.U”).
Distribution Announcement
HPYM will pay a monthly distribution of $0.08 CAD per Class A
Unit and HPYM.U will pay a monthly distribution pf $0.08 USD per
unit Class U Unit and the first monthly distribution will be paid
on or about March 8, 2024 to unitholders of record on February 29,
2024 with an ex-dividend date of February 28, 2024.
TBIL will pay a monthly distribution and the first distribution
will be paid on or about February 9, 2024 to unitholders of record
on January 31, 2024 with an ex-dividend date of January 31,
2024.
HPYT.U will pay a monthly distribution of $0.15 USD per Class U
Unit and the first monthly distribution will be paid on or about
March 8, 2024 to unitholders of record on February 29, 2024 with an
ex-dividend date of February 28, 2024.
“Harvest is pleased to add these new ETFs to our line up of
fixed income ETFs. By applying our extensive option writing
expertise to HPYM, we believe HPYM can provide an attractive yield
for Canadian Investors. TBIL provides a straightforward low risk
income solution for Canadian investors.” said Michael Kovacs,
President and CEO of Harvest. “After HPYT’s strong launch in Q4 of
2023, adding HPYT.U provides investors the ability to invest
directly with US dollars.”
Investment Objectives
HPYM will seek to provide high monthly cash distributions to
Unitholders by investing, on a non-levered basis, in a portfolio of
exchange traded mutual funds, selected by the Manager, that provide
exposure primarily to intermediate term U.S. treasury bonds and are
listed on a regulated stock exchange in North America. Harvest
Premium Yield 7-10 Year Treasury ETF will generally write covered
call options on up to 100% of the portfolio securities. The level
of covered call option writing may vary based on market volatility
and other factors.
TBIL will seek to provide interest income through exposure to
Government of Canada Treasury Bills with remaining maturities
generally less than 3 months.
HPYT will seek to provide high monthly cash distributions to
Unitholders by investing, on a non-levered basis, in a portfolio of
exchange traded mutual funds, selected by the Manager, that provide
exposure primarily to longer-dated U.S. treasury bonds and are
listed on a regulated stock exchange in North America. Harvest
Premium Yield Treasury ETF will generally write covered call
options on up to 100% of the portfolio securities. The level of
covered call option writing may vary based on market volatility and
other factors.
For additional information: Please visit
www.harvestportfolios.com, e-mail info@harvestetfs.com or call toll
free 1-866-998-8298.
Investment Dealers can access and download certain regulatory
documents relating to HPYM, HPYM.U, TBIL and HPYT.U such as the ETF
Facts and prospectus via the Harvest website at
https://harvestportfolios.com.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment
Fund Manager managing $3.8 billion as at December 31, 2023 in
assets for Canadian Investors. Harvest Fixed Income ETFs provide
investors the opportunity to invest in intermediate to
long-duration US Treasury bonds, and short-term treasury bills
(T-Bills) of the Government of Canada. These are among the safest
long-term and short-term bonds, as they are backed by the full
faith and credit of the US and Canadian, Governments, respectively.
To provide investors access to intermediate to longer-duration US
Treasury bonds, we assembled two separate portfolios of US Treasury
ETFs, one targeting exposure to intermediate duration US Treasury
bonds and the other targeting exposure to long duration US Treasury
bonds. Moreover, we employ an active covered call options strategy
with up to 100% write level on each portfolio to generate high
income for unitholders. For Investors looking for exposure to low
duration bonds and low-risk monthly cash flow, we offer a money
market ETF that invests directly in the Government of Canada
T-Bills.
_______________________________
For Additional Information: Website:
https://harvestportfolios.com E-mail: info@harvestetfs.com Toll
free: 1-866-998-8298
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version on businesswire.com: https://www.businesswire.com/news/home/20240116543029/en/
For Additional Information: Website:
https://harvestportfolios.com E-mail: info@harvestportfolios.com
Toll free: 1-866-998-8298
US Treasury ETF (NASDAQ:TBIL)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
US Treasury ETF (NASDAQ:TBIL)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024