Harvest Portfolios Group Inc. (“Harvest”) today announces the revised final annual reinvested distribution for Class U Units of Harvest Travel & Leisure Index ETF (“TRVL.U”) for the 2023 tax year. Please be advised that the distribution announced in this press release replaces that stated in the December 29, 2023 press release for TRVL.U.
This distribution will not be paid in cash but will be reinvested and immediately consolidated so that the number of units held by the unitholder, the units outstanding of TRVL.U, and the net asset value of TRVL.U will not change as a result of the non-cash distribution. The annual distribution will be reported as a taxable distribution and result in an increase to each unitholder’s adjusted cost base for TRVL.U. The revised taxable amounts and nature of distribution for income or capital gains will be reported to brokers through CDS Clearing and Depository Services Inc. (“CDS”) prior to March 31, 2024.
The ex-dividend date for the 2023 annual reinvested distribution is December 28, 2023 for all unitholders of record on December 29, 2023.
Details regarding the final revised annual reinvested distribution amount for TRVL.U are as follows:
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Harvest ETF
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Ticker
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Final Re-invested Capital Gain Distribution per Unit
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Final Re-invested Income Distribution per Unit
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Harvest Travel & Leisure Index ETF (US)
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TRVL.U
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USD $0.000000
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USD $0.005839
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For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestetfs.com or call toll free 1-866-998-8298.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $3.9 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth by long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs.
Harvest ETFs core offerings center around covered call strategies, available in three variations: equity, enhanced equity and fixed income. In our equity-income portfolios, we follow a three-step process: identifying promising growth industries; selecting well-positioned businesses within those sectors; and optimizing returns by generating income through covered calls. To enhance potential returns, we offer leveraged exposure to select Harvest ETFs through our enhanced lineup. Our Premium Fixed Income ETFs focus on investing in US Treasury ETFs while employing a covered call option strategy. This approach allows us to deliver high monthly distributions to our investors. For those seeking ETFs without call options, we also provide our Equity Growth ETFs, which are specifically designed to capture opportunities in growth industries and major trends.
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