OAKVILLE, ON, Oct. 30, 2020 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) announces a change to the monthly distribution amount from $0.0300 CAD per unit to $0.0100 CAD per unit for the Class A units of the Harvest Energy Leaders Plus Income ETF (TSX: HPF) and from $0.0300 USD per unit to $0.0100 USD per unit for the Class U units of the Harvest Energy Leaders Plus Income ETF (TSX: HPF.U). The new monthly distribution amount for both Class A units and Class U units, taking effect for the December 31, 2020 record date, represents a current annual yield of approximately 6.9% for Class A units and 6.1% for Class U units.
The change to the distribution amount is intended to provide a reasonable and sustainable yield for unitholders of both the Class A and Class U units of the Harvest Energy Leaders Plus Income ETF while continuing to provide the opportunity for long-term capital appreciation through exposure to the large cap energy sector.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest Portfolios Group Inc. is a Canadian Investment Fund Manager which 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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