OAKVILLE, ON, Dec. 15, 2021 /PRNewswire/ -- Harvest Portfolios Group Inc. ("Harvest") announces a change to the monthly distribution amount from $0.0700 CAD per unit to $0.1000 CAD per unit for the Class A units of the Harvest Tech Achievers Growth & Income ETF (HTA:TSX), from $0.0700 USD per unit to $0.1000 USD per unit for the Class U units of the Harvest Tech Achievers Growth & Income ETF (HTA.U:TSX) and from $0.0700 CAD per unit to $0.1000 CAD per unit for the Class B units of the Harvest Tech Achievers Growth & Income ETF (HTA.B:TSX). The new monthly distribution amount for both Class A units, Class U units and Class B units, taking effect for the February 28, 2022 record date, represents a current annual yield of approximately 6.4% for Class A units, 6.2% for Class U units and 6.7% for Class B units.
The change to the distribution amount is intended to provide a reasonable and sustainable distribution yield for unitholders of the Class A, Class U and Class B units of the Harvest Tech Achievers Growth & Income ETF while continuing to provide the opportunity for long-term capital appreciation through exposure to an equally weighted portfolio of 20 large-cap Technology companies that is diversified across the global technology sectors that also engages an active call strategy to enhance the monthly distribution.
"At Harvest, we understand the value of income for investors in a low interest environment and manage our Equity Income ETFs in order to pay sustainable and regular monthly distributions", says Michael Kovacs, President & CEO.
About Harvest Portfolios Group Inc. Founded in 2009, Harvest is a Canadian Investment Fund Manager managing $2 billion in assets for Canadian Investors. Harvest offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund 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.
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SOURCE Harvest Portfolios Group Inc.
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