Harvest ETFs Unveils Final Annual Reinvested Distribution Announcements

Final Annual Reinvested Distribution Announcements from Harvest ETFs

Harvest Portfolios Group Inc. (NASDAQ: HHL), widely recognized for its innovative approach to exchange-traded funds (ETFs), has officially announced the final annual reinvested distributions for its range of ETFs for the upcoming tax year. These distributions are significant as they bring clarity to investors regarding their gains and income from these funds.

Understanding Reinvested Distributions

Reinvested distributions are a way for ETF investors to receive their income without cash payments. Instead of receiving cash, income and capital gains are reinvested back into the fund. This process keeps the number of units held by unitholders unchanged, as well as the overall net asset value (NAV) of the fund. This approach reflects Harvest's commitment to investor interests while maintaining the structural integrity of their ETF offerings.

Key Details on Distributions

It is essential for unitholders to note that the distributions will be accounted as taxable incidents, impacting their adjusted cost base for tax purposes. For tax reporting, actual amounts and the nature of these distributions will be communicated to brokers in early next year. This information is crucial for investors who need to accurately report their earnings on tax returns.

Distribution Schedule and Specifics

Harvest ETFs have set December 31 as the ex-dividend date for these annual distributions. Unitholders who are recorded as of this date will automatically receive their reinvested distributions. The amounts that will be reinvested will reflect the earnings accrued throughout the year, though the detailed figures for each ETF are still forthcoming.

List of Affected ETFs

Among the diverse ETFs managed by Harvest, the following are expected to feature in the distribution announcement:

• Harvest Healthcare Leaders Income ETF (Ticker: HHL)
• Harvest Brand Leaders Plus Income ETF (Ticker: HBF)
• Harvest Tech Achievers Growth & Income ETF (Ticker: HTA)
• Harvest Global REIT Leaders Income ETF (Ticker: HGR)

Each ETF mentioned above is designed to cater to specific investment needs, and the announced distributions are set to enhance their attractiveness to potential investors.

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is an independent Canadian investment fund manager currently overseeing over $5.3 billion in assets. The firm focuses on building durable wealth for its investors through the long-term ownership of high-quality businesses. Their investment strategies, especially in covered call options across various asset classes, highlight their commitment to achieving strong returns while managing risk.

In August, Harvest launched a new series of ETFs – the Harvest High Income Shares ETFs, aimed at providing investors with a mixture of significant monthly distributions and growth potential.

Contact and Subscription Information

If you need further details about the distributive offerings or wish to browse additional offerings, please visit their official website. Harvest also encourages individuals interested in detailed insights and perspectives to subscribe to their monthly commentary newsletter.

Frequently Asked Questions

What are reinvested distributions in ETFs?

Reinvested distributions allow investors to receive dividends and capital gains without cash payments, instead reinvesting these amounts back into their ETF holdings.

How will the final distributions affect my taxes?

The amounts of reinvested distributions will be considered taxable income, impacting your adjusted cost base, which will be reported to brokers.

When is the ex-dividend date for Harvest ETFs?

The ex-dividend date is December 31, meaning only unitholders on record by this date will receive the distributions.

How can I stay updated on Harvest ETFs?

Investors can subscribe to the monthly commentary newsletter from Harvest to receive timely updates and insights into future offerings and distributions.

What is the mission of Harvest Portfolios Group Inc.?

Harvest aims to provide high-quality investment management services while helping investors build and sustain wealth through prudent investment strategies.

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