OAKVILLE, ONTARIO--(Marketwired - Jan. 16, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Harvest Portfolios Group Inc., the manager (the "Manager") of Healthcare Leaders Income Fund (the "Fund") (TSX:HHL.UN) today announced that the Fund will commence a normal course issuer bid to purchase a portion of the outstanding Trust Units (TSX:HHL.UN) on the Toronto Stock Exchange ("TSX") and other Canadian marketplaces, including alternative trading systems. The purpose of the normal course issuer bid for HHL.UN is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per unit and the market price of the Trust Units and to provide enhanced liquidity for the Trust Units. HHL.UN intends to purchase up to 975,914 Trust Units, representing 10% of the public float of the securities issued and outstanding. These purchases will be made in accordance with applicable regulations, and will be effected through the facilities of TSX and/or other Canadian marketplaces, including alternative trading systems over a maximum period of 12 months commencing on January 20, 2015 and ending on the earlier of January 19, 2016 or on such date as the Fund completes its purchase under the normal course issuer bid or on such date as the Fund may otherwise determine. Trust Units purchased will be cancelled. HHL.UN had 9,759,149 Trust Units issued and outstanding and will not purchase in any given 30 day period, in the aggregate more than 195,182, being 2% of the issued and outstanding Trust Units as at January 15, 2015.