Introducing Harvest Portfolios Group's New Equity Program
Harvest Portfolios Group Inc. is excited to share they are launching a significant new initiative aimed at enhancing the growth prospects of Big Pharma Split Corp. This program, known as the at-the-market equity program (ATM Program), empowers the company to issue up to $75 million worth of both Preferred Shares and Class A Shares to the public. This ongoing effort is designed to attract capital while offering flexibility in shares management.
Benefits of the At-The-Market Equity Program
The ATM Program allows the Company to move forward by selling shares at their prevailing market prices, ensuring that both the company and its investors can benefit from favorable market conditions. This program will be open for effective sales until a specified future date, ensuring that Harvest can capitalize on optimal market conditions as they arise.
Investment Strategy and Objectives
By utilizing funds from the ATM Program, Harvest intends to adhere closely to its investment strategies aimed at a balanced portfolio of pharmaceutical equity securities. The goal is to select around ten issuers that demonstrate steady growth potential within the pharmaceutical sector. To optimize returns, the firm may also engage in writing call options against the equities in the portfolio every month.
Details About Share Distribution
The framework for the shares' distribution is laid out clearly in their equity distribution agreement with National Bank Financial Inc. This structured approach to share sales stands to benefit both the company and its investors by providing transparency as to how shares will be offered. Participation will be via at-the-market distributions through prominent Canadian marketplaces, ensuring consistent engagement with potential investors.
Investment Aims for Preferred and Class A Shares
For those investing in Preferred Shares, there's an opportunity for fixed cumulative quarterly distributions, promoting stability for investors who prioritize guaranteed returns. In comparison, Class A Shares offer a chance for monthly cash distributions along with prospects for net asset value growth.
About Harvest Portfolios Group
Since its inception in 2009, Harvest Portfolios Group Inc. has firmly established itself as a leading Canadian investment fund manager. The company is committed to nurturing approximately CA$5.3 billion in assets, all geared towards delivering exceptional value to its clients by investing in strong businesses that promise growth and sustainable income.
Our Commitment to Investors
Harvest is devoted to providing innovative investment products, including exchange-traded funds and structured fund products. The focus remains on meeting investors' long-term growth and income needs. The company is proud to maintain an enduring connection with investors, characterized by trust and transparency.
Frequently Asked Questions
What is the purpose of the ATM Program launched by Harvest Portfolios?
The ATM Program enables Harvest Portfolios Group to issue shares to the public to raise up to $75 million, supporting investment strategies.
How long will the ATM Program remain effective?
The program will be effective until a specific future date unless terminated earlier by the Company.
What are the benefits of Preferred Shares in this program?
Preferred Shares aim to provide fixed cumulative quarterly cash distributions, which offers stability for conservative investors.
How does the Class A Shares investment option work?
Class A Shares are designed to deliver regular monthly cash distributions and the potential for net asset value growth.
What types of securities will the Company focus on with the new program?
Harvest plans to concentrate on a portfolio of equity securities chosen from a selection of pharmaceutical issuers.
