Harvest Announces Filing of the Preliminary Prospectus for Harvest SpaceX Enhanced High Income Shares ETF
Harvest Announces Filing of the Preliminary Prospectus for Harvest SpaceX Enhanced High Income Shares ETF
OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest ETFs (“Harvest”) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Harvest SpaceX Enhanced High Income Shares ETF (“SPXE”).
SPXE provides single-stock ETF access to the growth potential of Space Exploration Technologies Corp. by engaging modest leverage and an active covered call strategy designed to generate enhanced high monthly income.
“We are proud to announce the filing of a preliminary prospectus of the Harvest SpaceX Enhanced High Income Shares ETF (SPXE) — the first publicly filed ETF preliminary prospectus in Canada designed to provide investors with exposure to the growth potential of SpaceX and income generation through SPXE,” said Michael Kovacs, CEO of Harvest. “SPXE will join Harvest's industry-leading suite of High Income Shares ETFs, combining our proven enhanced income methodology with one of the most anticipated public listings in market history.”
Harvest SpaceX Enhanced High Income Shares ETF (SPXE) is expected to begin trading on the Toronto Stock Exchange (TSX) following SpaceX's IPO, subject to TSX listing approval.
Investment Objective
SPXE will seek to provide Unitholders with (i) long-term capital appreciation by investing, directly or indirectly, on a levered basis, in the common stock of Space Exploration Technologies Corp (“SpaceX”) and (ii) high monthly cash distributions.
Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of SPXE and will be responsible for the administration of SPXE.
For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestetfs.com or call toll free 1-866-998-8298.
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For media inquiries: Contact Caroline Grimont, Chief Marketing Officer at cgrimont@HarvestETFs.com
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing over $12 billion in assets for Canadian Investors. At Harvest ETFs, we believe that investors can build and preserve wealth through the long-term ownership of high-quality businesses. This fundamental philosophy is at the core of our investment approach across our range of ETFs. Our core offerings centre around covered call strategies, available in many variations: Equity, Enhanced, Premium Yield, Fixed Income, Multi-Asset, Specialty, Digital Assets and Single Stock ETFs.
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Website: www.harvestetfs.com
E-mail: info@harvestetfs.com
Toll free: 1-866-998-8298
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A preliminary prospectus containing important information relating to the securities of SPXE 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.
Contacts
For Additional Information:
Website: https://harvestportfolios.com
E-mail: info@harvestportfolios.com
Toll free: 1-866-998-8298
