Harvest ETFs Announces October 2024 Distributions
Harvest Portfolios Group Inc. (“Harvest”) has officially declared the distributions for its Harvest High Income Shares ETFs for the month ending October 31. Unitholders can expect their payments on or around November 8, reaching their accounts as they approach to close the month with a firm financial footing.
Distribution Reinvestment Plan Benefits
The company has implemented a Distribution Reinvestment Plan (DRIP) applicable to all classes of Harvest High Income Shares ETFs. This feature allows investors to reinvest their distributions automatically, facilitating the compounding of their investments on a monthly basis. It's a great way to increase returns without the hassle of manual reinvestment. As long as your investment dealer supports the DRIP, you can take advantage of this beneficial option effortlessly. Otherwise, distributions will be disbursed in cash, providing flexibility depending on individual investor needs.
Details on Harvest High Income Shares ETFs
Here are the key distribution details for the various Harvest High Income Shares ETFs:
1. Harvest Eli Lilly High Income Shares ETF (LLYH)
Distribution: $0.1600 per unit
2. Harvest Eli Lilly High Income Shares ETF (US) (LLYH.U)
Distribution: $0.1600 per unit
3. Harvest Amazon High Income Shares ETF (AMZH)
Distribution: $0.1400 per unit
4. Harvest Amazon High Income Shares ETF (US) (AMZH.U)
Distribution: $0.1400 per unit
5. Harvest Microsoft High Income Shares ETF (MSFH)
Distribution: $0.1400 per unit
6. Harvest Microsoft High Income Shares ETF (US) (MSFH.U)
Distribution: $0.1400 per unit
7. Harvest NVIDIA High Income Shares ETF (NVDH)
Distribution: $0.1800 per unit
8. Harvest NVIDIA High Income Shares ETF (US) (NVDH.U)
Distribution: $0.1800 per unit
9. Harvest Eli Lilly Enhanced High Income Shares ETF (LLHE)
Distribution: $0.1800 per unit
10. Harvest Eli Lilly Enhanced High Income Shares ETF (US) (LLHE.U)
Distribution: $0.1800 per unit
11. Harvest Amazon Enhanced High Income Shares ETF (AMHE)
Distribution: $0.1600 per unit
12. Harvest Amazon Enhanced High Income Shares ETF (US) (AMHE.U)
Distribution: $0.1600 per unit
13. Harvest Microsoft Enhanced High Income Shares ETF (MSHE)
Distribution: $0.1600 per unit
14. Harvest Microsoft Enhanced High Income Shares ETF (US) (MSHE.U)
Distribution: $0.1600 per unit
15. Harvest NVIDIA Enhanced High Income Shares ETF (NVHE)
Distribution: $0.2200 per unit
16. Harvest NVIDIA Enhanced High Income Shares ETF (US) (NVHE.U)
Distribution: $0.2200 per unit
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager managing $5.1 billion in assets. The firm’s philosophy centers on helping investors build and preserve wealth over the long term by focusing on high-quality businesses. Harvest ETFs employ various strategies, including covered call options, making the options diverse and appealing to a broad range of investors.
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Frequently Asked Questions
What is the Distribution Reinvestment Plan (DRIP)?
The DRIP allows investors to reinvest their distributions automatically, enhancing their potential returns over time.
When will the distributions be paid out?
Distributions are expected to be paid on or around November 8, 2024.
How can I participate in the DRIP?
To opt into DRIP, you should contact your investment dealer, ensuring they support this feature for your ETFs.
Where can I find more information about the ETFs?
You can find detailed information by visiting Harvest's official website or contacting their support team directly.
How does Harvest select the stocks in their ETFs?
Harvest focuses on high-quality businesses and employs strategies such as covered calls to optimize investment returns for their clients.
