Harvest ETFs Releases Estimated 2024 Distribution Insights

Insights into Estimated Annual 2024 Distributions

Harvest Portfolios Group Inc. announces the estimated annual reinvested distributions for the Harvest High Income Shares ETFs targeting the 2024 tax year. This update signifies an essential communication to unitholders, ensuring they are well-informed about their investments.

It's crucial to understand that the estimates provided are projections as of December 15, 2024, and may adjust if there are significant subscriptions or redemptions of units before the ex-dividend date. Such dynamics can influence the final amounts distributed to unitholders.

Understanding the Reinvestment Process

Every Harvest High Income Shares ETF is mandated to allocate any income and capital gains earned throughout the year effectively. Notably, the annual distributions won't be issued in cash. Instead, they are reinvested immediately into the funds, which maintains the total count of units held by unitholders and the net asset value of each ETF.

The non-cash distributions reported will be recognized as taxable distributions, leading to an increase in each unitholder's adjusted cost base for the relevant ETF. Unitholders will be informed of the actual taxable figures and the characterization of these distributions, whether as income or capital gains, by brokers via CDS Clearing and Depository Services Inc. early in 2025.

Final Distribution Amount Announcement

Harvest will issue a final announcement regarding the year-end reinvested distribution amounts around December 31, 2024. Importantly, the ex-dividend date for the 2024 annual distributions is also set for December 31, 2024. Those unitholders recorded by this date will be eligible for these reinvested distributions.

Distribution Estimates Overview

The following details provide an essential overview of the estimated annual reinvested distribution amounts. These figures exclude any ongoing monthly cash distributions, which are communicated separately:

Understanding the Distribution Table

Each Harvest High Income Shares ETF has a corresponding ticker and estimated reinvested capital gain and income distribution per unit. For example, the Harvest Eli Lilly High Income Shares ETF (ticker: LLYH) shows an estimated capital gain distribution of $0.0000 and an income distribution of $0.0000. Similar estimates are applicable for other ETFs, ensuring that investors have access to clear information for prudent investment decisions.

How to Access More Information

For further details regarding the upcoming distributions, Harvest encourages unitholders to explore their official channels. Although specific links and emails have been omitted for this rewriting effort, unitholders can find essential updates and insights through the company’s website.

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is an independent Canadian investment fund manager overseeing approximately $5.3 billion in assets for Canadian investors. The company firmly believes in nurturing and preserving wealth through long-term investment in high-quality businesses. This belief drives their investment strategies across various ETFs—centered around covered call methodologies provided in diverse formats: Equity, Enhanced, Fixed Income, and Balanced. The launch of the Harvest High Income Shares ETFs showcases their commitment to generating substantial monthly cash distributions while allowing investors to enjoy potential long-term capital appreciation.

Frequently Asked Questions

What are the estimated distributions for 2024?

The estimated annual reinvested distributions for the Harvest High Income Shares ETFs will be announced shortly, projected based on tax year considerations.

How will the distributions be managed?

Distributions will be reinvested automatically rather than paid in cash, ensuring stability in unit counts and net asset value.

What is the significance of the ex-dividend date?

The ex-dividend date marks when unitholders must own units to receive upcoming distributions, set for December 31, 2024.

When will the actual taxable amounts be reported?

Actual taxable distributions will be communicated through brokers by early 2025, detailing income or capital gains categorization.

Where can I find more information about Harvest ETFs?

Investors are encouraged to visit Harvest’s official website or subscribe to their newsletter for timely updates and insights.

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