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OAKVILLE, Ontario, December 23, 2024--(BUSINESS WIRE)--Harvest Portfolios Group Inc. ("Harvest") announces the estimated annual reinvested distributions for Harvest High Income Shares ETFs for the 2024 tax year. Please be advised that the estimated distributions announced in this press release replace those stated in the November 28, 2024 press release for the Harvest High Income Shares ETFs.
Please note these are estimated amounts only as of December 15, 2024 and could change if the Harvest ETFs experience subscriptions or redemptions of units prior to the ex-dividend date.
Each of the Harvest High Income Shares ETFs is required to distribute any income and capital gains that they have earned during the year. The annual distributions will not be paid in cash but will be reinvested and immediately consolidated so that the number of units held by the unitholder, the units outstanding of the ETFs, and the net asset value of the ETFs will not change as a result of the non-cash distributions. The annual distributions will be reported as taxable distributions and result in an increase to each unitholder’s adjusted cost base for the respective ETF. The actual taxable amounts and nature of distributions for the respective ETFs as either income or capital gains will be reported to brokers through CDS Clearing and Depository Services Inc. ("CDS") in early 2025.
Harvest expects to announce the final year-end reinvested distribution amounts on or about December 31, 2024. The ex-dividend date for the 2024 annual reinvested distributions will be December 31, 2024 for all unitholders of record on December 31, 2024.
Details regarding the estimated annual reinvested distribution amounts are below. These amounts do not include any ongoing monthly cash distributions which are disclosed separately.
| Harvest High Income Shares ETF | Ticker | Estimated Reinvested Capital | Estimated Reinvested | |
| Harvest Eli Lilly High Income Shares ETF | LLYH | $0.0000 | $0.0000 | |
| Harvest Eli Lilly High Income Shares ETF (US) | LLYH.U | $0.0000 | $0.0000 | |
| Harvest Amazon High Income Shares ETF | AMZH | $0.0000 | $0.0000 | |
| Harvest Amazon High Income Shares ETF (US) | AMZH.U | $0.0000 | $0.0000 | |
| Harvest Microsoft High Income Shares ETF | MSFH | $0.0000 | $0.0000 | |
| Harvest Microsoft High Income Shares ETF (US) | MSFH.U | $0.0000 | $0.0000 | |
| Harvest NVIDIA High Income Shares ETF | NVDH | $0.0000 | $0.0000 | |
| Harvest NVIDIA High Income Shares ETF (US) | NVDH.U | $0.0000 | $0.0000 | |
| Harvest Eli Lilly Enhanced High Income Shares ETF | LLHE | $0.0000 | $0.0000 | |
| Harvest Eli Lilly Enhanced High Income Shares ETF (US) | LLHE.U | $0.0000 | $0.0000 | |
| Harvest Amazon Enhanced High Income Shares ETF | AMHE | $0.0000 | $0.0000 | |
| Harvest Amazon Enhanced High Income Shares ETF (US) | AMHE.U | $0.0000 | $0.0000 | |
| Harvest Microsoft Enhanced High Income Shares ETF | MSHE | $0.0000 | $0.0000 | |
| Harvest Microsoft Enhanced High Income Shares ETF (US) | MSHE.U | $0.0000 | $0.0000 | |
| Harvest NVIDIA Enhanced High Income Shares ETF | NVHE | $0.0000 | $0.0000 | |
| Harvest NVIDIA Enhanced High Income Shares ETF (US) | NVHE.U | $0.0000 | $0.0000 |
1 For Class U units, amounts are in U.S. dollars. All other amounts are in Canadian dollars.