Harvest ETFs Distributions Update
Harvest Portfolios Group Inc. ('Harvest') is excited to announce the distribution schedule for January 2025 for their range of Harvest ETFs. Shareholders will see their distributions reflected in early February, specifically on or about February 7, 2025. These distributions are intended for unitholders whose records are set by January 31, 2025, which also serves as the ex-dividend date.
Understanding Distribution Reinvestment Plans
In a strategic move to benefit investors, Harvest has developed a Distribution Reinvestment Plan ('DRIP') for select Harvest ETFs. This allows investors to automatically reinvest their distributions to grow their investment over time. Several ETFs listed on the Toronto Stock Exchange (TSX) are included in this plan, contingent upon their investment dealers' ability to facilitate participation in the DRIP. Those interested in opting into this beneficial investment strategy can do so anytime via their investment dealer. For those who choose not to participate, distributions will be paid directly in cash.
Upcoming ETFs Distribution Details
Harvest ETFs have a diverse portfolio catering to various investor needs. Below are examples of ETFs included in the upcoming distribution schedule:
Healthcare Leaders Income ETF
TSX Ticker: HHL - Distribution: $0.0600 per unit
Brand Leaders Plus Income ETF
TSX Ticker: HBF - Distribution: $0.0650 per unit
Canadian Equity Income Leaders ETF
TSX Ticker: HLIF - Distribution: $0.0583 per unit
Premium Yield Treasury ETF
TSX Ticker: HPYT - Distribution: $0.1500 per unit
Each of these funds provides investors with unique exposure to specific sectors, enhancing their potential for income generation.
Investment Insight for Investors
It is important for investors to schedule their investments and understand the distributions that come with each Harvest ETF they hold. The estimated distributions for ETFs are set to be finalized shortly before the payment date, which will occur approximately a week after the record date. This ensures investors are well-informed and can plan accordingly.
Contact and Additional Information
For more details and further assistance, investors can reach out through Harvest's official communication channels. Harvest ETFs encourages engagement from their investors for additional queries pertaining to their portfolios and distribution methods.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest Portfolios Group is dedicated to investment management geared towards Canadian Investors. The firm effectively handles around $5.4 billion in assets and adheres to a strong belief that wealth can be generated through the long-term ownership of high-quality businesses. This principle shapes their multifaceted investment strategies, encompassing various ETFs designed to align with investor goals.
Frequently Asked Questions
What is the purpose of Harvest's Distribution Reinvestment Plan?
The DRIP allows investors to automatically reinvest their distributions, promoting compounding benefits and enhancing investment growth over time.
When will the distributions be paid to shareholders?
The distributions will be paid on or about February 7, 2025, for the unitholders of record on January 31, 2025.
How can investors find more information about their ETFs?
Investors can visit Harvest's official website or contact their account representatives for comprehensive details about specific ETFs and their distributions.
Do dividends need to be reinvested in the same ETF?
No, investors can choose to withdraw their dividends as cash or select to reinvest them in the same ETF based on the reinvestment options provided.
What should I do if my dealer does not support the DRIP?
If your dealer does not support the DRIP, distributions will automatically be paid in cash, allowing you flexibility in managing your investments.
