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OAKVILLE, Ontario, December 03, 2024--(BUSINESS WIRE)--Harvest Portfolios Group Inc. ("Harvest") announces increases to the monthly cash distribution amounts for the Harvest ETFs ("ETFs") outlined in the table below. The new monthly cash distribution amounts will take effect for the December 31, 2024 record date with a payable date of January 9, 2025. The increase to the distribution amounts is intended to provide a reasonable and sustainable distribution yield for unitholders of the ETFs while continuing to provide the opportunity for long-term capital appreciation through exposure to the investment mandate of each of the ETFs.
"Harvest takes pride in our long-term record of steady monthly cash distributions" said Michael Kovacs, Harvest President and CEO. "This is the second increase this year for our award-winning Tech ETFs and the Harvest US Bank Leaders Income ETF."
Details regarding the increase to the monthly cash distribution amounts for the Harvest ETFs are as follows in the table below:
| Harvest ETF | TSX Ticker | Current Cash Distribution Per Unit1
| New Cash Distribution Per Unit1 | Cash Distribution Increase Percentage Per Unit1
| Current Yield as at December 2, 2024
| Estimated New Current Yield as at December 2, 2024
|
| HTA | $0.1300 | $0.1400 | 7.69% | 8.10% | 8.72% | |
| HTA.B | $0.1300 | $0.1400 | 7.69% | 7.53% | 8.11% | |
| HTA.U | $0.1300 | $0.1400 | 7.69% | 7.46% | 8.04% | |
| HUBL | $0.0900 | $0.1000 | 11.11% | 7.46% | 8.29% | |
| HUBL.U | $0.0900 | $0.1000 | 11.11% | 6.64% | 7.38% | |
| HTAE | $0.1500 | $0.1600 | 6.67% | 10.22% | 10.90% | |
| 1 For Class U units, amounts are in U.S. dollars. All other amounts are in Canadian dollars. | ||||||
Harvest has established a Distribution Reinvestment Plan ("DRIP") for the Harvest ETFs described above, allowing investors to easily benefit from compounding their distributions on a monthly basis. Each are listed on the Toronto Stock Exchange (TSX) and are eligible for the Distribution Reinvestment Plan, provided that their investment dealer supports participation in the DRIP. Investors may opt into the DRIP by contacting their investment dealer, otherwise distributions will be paid in cash.
For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestetfs.com or call toll free 1-866-998-8298.
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