Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Unhedged Class B Units of the Harvest Premium Yield Treasury ETF (“HPYT”) pursuant to a prospectus dated September 22, 2023, as amended on May 30, 2024, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Unhedged Class B units of the Harvest Premium Yield Treasury ETF will commence trading on the TSX today under the following ticker symbol: HPYT.B:TSX (“HPYT.B”).
Distribution Announcement
HPYT.B will pay a monthly distribution of $0.15 CAD per Class B Unit and the first monthly distribution will be paid on or about July 9, 2024 to unitholders of record on June 28, 2024 with an ex-dividend date of June 28, 2024.
“Harvest continues to build on HPYT’s strong launch in Q4 2023 which has continued into 2024. We believe adding an Unhedged Class B provides further choice and flexibility for investors,” said Michael Kovacs, President and CEO of Harvest.
Investment Objectives
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.
Harvest ETFs invites you to subscribe to our monthly commentary newsletter. By subscribing through the following link, you will receive timely insights, analyses and perspectives directly to your inbox: https://harvestportfolios.com/subscribe
For media inquiries: Contact Caroline Grimont, VP Marketing at cgrimont@HarvestETFs.com
Investment Dealers can access and download certain regulatory documents relating to HPYT.B such as the ETF Facts and prospectus via the Harvest website at www.harvestetfs.com.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $4.2 billion 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.
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