Harvest Portfolios Announces December 2024 ETF Distributions
Overview of December 2024 ETF Distributions
Harvest Portfolios Group Inc. has announced the upcoming distributions for its ETFs for the month ending December 31, 2024. These distributions will be paid around January 9, 2025, to those unitholders who are on record by December 31, 2024, with the ex-dividend date also set on December 31, 2024.
Benefits of Harvest’s Distribution Reinvestment Plan
Harvest offers a Distribution Reinvestment Plan (DRIP) for certain classes of its ETFs, which provides investors the chance to compound their distributions each month. This plan is particularly appealing to those who prefer to reinvest their distributions rather than receiving them in cash. Eligibility for the DRIP is determined based on whether the investment dealer supports this participation. Investors wishing to enroll can do so by reaching out to their investment dealer.
Details on Distribution Amounts and ETFs
The anticipated distribution amounts are significant for investors within the Harvest portfolio. Here are some of the ETFs and their corresponding distributions:
Harvest Healthcare Leaders Income ETF
TSX Ticker: HHL
Distribution: $0.0600 per unit
Harvest Brand Leaders Plus Income ETF
TSX Ticker: HBF
Distribution: $0.0650 per unit
Harvest Energy Leaders Plus Income ETF
TSX Ticker: HPF
Distribution: $0.0250 per unit
Harvest Tech Achievers Growth & Income ETF
TSX Ticker: HTA
Distribution: $0.1400 per unit
Harvest US Bank Leaders Income ETF
TSX Ticker: HUBL
Distribution: $0.1000 per unit
For the complete list of all Harvest ETFs and their distributions, investors are encouraged to visit Harvest’s official website to stay updated on any changes prior to the distribution dates.
Final Distribution Announcement
The final distribution amounts for all ETFs are slated to be announced on December 30, 2024. This allows unitholders to plan ahead concerning their investments and the reinvestment opportunities available to them.
More Information and Next Steps
For detailed information about these distributions and general ETF offerings, Harvest encourages interested parties to visit their website or reach out directly for further assistance.
Frequently Asked Questions
What is the purpose of the DRIP?
The DRIP allows investors to reinvest their distributions into additional units, thus benefiting from compounding returns over time.
When will the distributions be paid out?
The distributions will be paid approximately on January 9, 2025, to unitholders who hold their units by December 31, 2024.
Can I opt out of the DRIP?
Yes, investors who do not wish to participate in the DRIP will receive their distributions in cash.
Where can I find more information on Harvest ETFs?
Detailed information can be found directly on the Harvest Portfolios website or by contacting their customer service.
How do the distributions impact investment decisions?
Distributions can enhance returns and may inform decisions on whether to reinvest earnings or adjust investment strategies accordingly.
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