Harvest Energy Leaders Plus Income ETF A Units T.HPF

Dividend Announcement for next year

[barbados2016]

Anyone know when in Nov. the company will announce the dividend for next year. barbados2016

[Tad]

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[barbados2016]

Hi Tad. It seems to me they were able to maintain the dividend when oil was trading at much lower levels so I hope they will be able to continuing paying the same rate. I am still not sure how much of the dividend paid over the past few years was return of capital as I only purchased a few units over the past few months. barbados2016

[barbados2016]

FWIW I spoke with someone from HPF yesterday and was informed the company will no longer announce its monthly dividend for the year each Nov. Instead they will do what most companies do and announce the dividend each month. November's dividend announcement should be early next week. (I think I got it right lol) barbados2016

[Tad]

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[barbados2016]

Hi Tad. I am pleased but not surprised they continue to pay out at the same rate as previous months. I still don't understand why more investors aren't showing interest in HPF. I understand the yield is very high which may raise concerns. Over the past few years oil companies have had to carry the costs of exploration, drilling and production costs attached to producing a commodity

[Tad]

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[Tad]

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[barbados2016]

My understanding is the ETF was paying a 7% dividend when it first began trading a few years ago. Not sure why they would not want to maintain this level since the payout remained the same while the price of oil tanked two years ago. HPF may have the added bonus of a stronger oil price going forward as well. barbados2016

[Tad]

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