Harvest ETFs Reveals Estimated Annual Reinvested Distributions

Estimated Annual Reinvested Distributions for Harvest ETFs

Harvest Portfolios Group Inc., popularly known as Harvest, has made an important announcement regarding their estimated annual reinvested distributions for the upcoming tax year. This news, which caters to the interests of investors involved with Harvest ETFs, reflects the company's commitment to keep unitholders informed about their expected financial gains.

Understanding Reinvested Distributions

Reinvested distributions present a unique advantage. Unlike typical cash distributions, these non-cash distributions allow unitholders to benefit from potential capital gains without impacting the overall quantity of their holdings. Essentially, this means while investors will not receive cash payouts, their investment value remains intact as the distributions are reinvested and consolidated. These distributions contribute to the unitholder’s adjusted cost base for tax purposes, making it essential for investors to stay attuned to how these amounts are determined.

Key Details to Note

It's important for investors to remember that the amounts announced are estimates as of a specific date and are subject to change based on market activities and operational dynamics within the portfolio. Factors such as portfolio turnover, incoming income collections, and unit subscriptions/redemptions all influence the said estimations. Furthermore, Harvest assures its unitholders that actual taxable amounts and distribution nature will be communicated through brokers in the near future.

Upcoming Reinvested Distribution Estimates

The company anticipates providing updated estimates for year-end reinvested distributions, typically around late December, aligning with standard investment practices. Investors should also note the designated ex-dividend date, which will play a vital role in determining the eligibility for these reinvested distributions. Remaining vigilant about these dates and the amounts can benefit investors significantly.

Distribution Overview for Various ETFs

The various Harvest ETFs offer unique distribution patterns. For instance, the Harvest Healthcare Leaders Income ETF has an estimated reinvested capital gain distribution per unit of $0.0155 and a net asset value of $8.24 as of the specified date. On the other hand, the Harvest Brand Leaders Plus Income ETF showcases a different structure with no anticipated capital gains distribution.

Investor Insights on Specific ETFs

Understanding the nuances of each ETF can enhance an investor's strategy. For example, the Harvest Energy Leaders Plus Income ETF and its US counterpart both indicate zero expected capital gains distribution but have substantial net asset values that indicate stability. This is noteworthy for investors focusing on long-term value over immediate cash flow.

Communication and Additional Resources

Harvest Portfolios Group encourages unitholders to seek further insights by subscribing to their monthly commentary newsletter. Through this newsletter, investors can receive timely analyses and perspectives enriched with expert commentary. It is suggested that investors take advantage of these resources as they can guide overall investment strategies.

About Harvest Portfolios Group Inc.

Since its inception in 2009, Harvest has positioned itself as a prominent independent Canadian investment fund manager with $5.2 billion in assets. Their investment philosophy—centered on long-term ownership of quality businesses—drives the functioning of their diverse ETFs. The recent launch of high-income shares ETFs further establishes Harvest’s dedication to catering to its investors’ financial growth and security.

Frequently Asked Questions

What are estimated reinvested distributions?

Estimated reinvested distributions represent projected capital gains and income that are reinvested into the ETF rather than distributed as cash.

When will the updated estimates be announced?

Harvest expects to announce updated estimates for the year-end reinvested distributions around late December.

What is the significance of the ex-dividend date?

The ex-dividend date is crucial as it determines which investors are eligible to receive the reinvested distributions for that tax year.

Are there any cash distributions included?

The specified amounts exclude any monthly or quarterly cash distributions, which are reported separately.

How can investors stay informed about these distributions?

Investors can subscribe to Harvest's newsletter to receive timely insights and updates related to reinvested distributions and other investment insights.

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