Harvest ETFs Monthly Distributions Announced
Harvest Portfolios Group Inc. has announced the distributions for its ETFs for the month ending October 31, 2024. Unitholders of record on that date will receive their distributions by November 8, 2024. This provides an exciting opportunity for investors to benefit from consistent income generated by these financial products.
Understanding the Distribution Reinvestment Plan
Harvest has introduced a Distribution Reinvestment Plan (DRIP) applicable to specific classes of its ETFs. This plan facilitates investors in compounding their distributions on a monthly basis, which can significantly enhance long-term return potential. To take part in the DRIP, investors will need to ensure their investment dealer allows participation. For those not opting into the plan, distributions will be received in cash.
Details of the Banks and Financial ETFs
Below is a list of selected Harvest ETFs, their respective TSX tickers, and the declared distributions:
| Harvest ETF | TSX Ticker | Distribution |
|---|---|---|
| Harvest Healthcare Leaders Income ETF | HHL | $0.0600 per unit |
| Harvest Brand Leaders Plus Income ETF | HBF | $0.0650 per unit |
| Harvest Tech Achievers Growth & Income ETF | HTA | $0.1300 per unit |
| Harvest Global REIT Leaders Income ETF | HGR | $0.0458 per unit |
| Harvest US Bank Leaders Income ETF | HUBL | $0.0900 per unit |
Expected Distributions and Upcoming Information
The estimated distributions by Harvest ETFs will be finalized and announced by October 30, 2024. For investors, it is essential to stay informed and attentive to updates regarding distribution amounts, which will be communicated effectively.
How to Access More Information
For those interested in further details or inquiries, Harvest urges unitholders to visit their official website. Up-to-date information regarding the ETFs and investment strategies can be found through various channels, including newsletters and market reports provided by Harvest. Interested investors can also contact their investment dealers for more tailored information.
About Harvest Portfolios Group Inc.
Harvest Portfolios Group Inc. is a trusted independent Canadian Investment Fund Manager with a significant portfolio totaling $5.1 billion in assets under management. Since its inception in 2009, Harvest has focused on helping investors build and maintain wealth through the thoughtful ownership of quality businesses. Their investment philosophy underpins their range of ETFs, which include various strategies centered around yielding high-quality returns.
Frequently Asked Questions
What is the main reason for the announcement?
The announcement showcases the distributions for the various Harvest ETFs available for the month ending October 31, 2024.
What is a Distribution Reinvestment Plan?
A DRIP allows investors to reinvest their distributions automatically to purchase additional units of the ETF, promoting compound growth.
How often are distributions announced?
Distributions are generally announced on a monthly basis, once the amount has been finalized.
Where can I find more information about these ETFs?
More detailed information about Harvest ETFs can be accessed on their official website or by contacting their customer service.
Who can I contact for inquiries about my investments?
Investors can reach out directly to their investment dealer or contact Harvest's client support for assistance related to their investments.
