OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest Portfolios Group Inc. (“Harvest” or the “Manager”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest Premium Yield Treasury ETF (“HPYT”). This innovative ETF is designed to provide Canadian investors with access to a portfolio of US Treasury ETFs that employs an active covered call strategy to provide high monthly income.
“Harvest is pleased to introduce a new fixed income ETF to our line up and the Canadian market.” said Michael Kovacs, President and CEO of Harvest. “By applying our extensive option writing expertise to HPYT, we believe HPYT can provide an attractive yield for Canadian Investors.”
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. HPYT 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.
Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of HPYT and will be responsible for the administration of HPYT.
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 $3.6 billion in assets for Canadian Investors as at July 31, 2023. At Harvest ETFs, our guiding principles are premised on building wealth for our clients through ownership of strong businesses that have the potential to grow & generate steady income over time. Harvest ETFs 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.
A preliminary prospectus containing important information relating to the securities of HPYT has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR+ (www.sedarplus.ca). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Commissions, management fees, and expenses all may be associated with ETFs. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
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