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OAKVILLE, Ontario, September 20, 2024--(BUSINESS WIRE)--Harvest Portfolios Group Inc. ("Harvest") is pleased to announce that it has paid over C$1 billion in total ETF cash distributions since inception. Harvest ETFs is one of Canada’s largest providers of covered call option ETFs, utilizing its trusted covered call writing strategy to generate high income, every month, from its lineup of Income ETFs.
The company launched its first covered call ETF – the Harvest Healthcare Leaders Income ETF (HHL:TSX) – in December 2014. HHL has paid out nearly $500 Million in total cash distributions since inception. HHL is Canada’s largest healthcare ETF with over C$1.5 billion in assets under management (AUM).
Harvest Income ETFs have continued to execute on delivering consistent monthly income for unitholders and has now established itself as one of the premier covered call option ETF providers in the country.
"We are incredibly proud of our success, and the confidence our supporters have put into our proven covered call option strategy," said Michael Kovacs, President and CEO of Harvest. "Our strategy has delivered consistent, stable, and predictable monthly income to unitholders over our 15-year history."
"Our comprehensive suite of Income ETFs will continue to aim to deliver high income, every month, allowing investors to choose options that best suit their needs."
In 2023, Harvest ETFs launched our first Fixed Income ETF – The Harvest Premium Yield Treasury ETF (HPYT:TSX). HPYT is a portfolio of longer dated US Treasury ETFs overlayed with an active covered call strategy to generate a higher yield and maximize monthly cash flow.
Last month, we launched Harvest High Income Shares ETFs. This new lineup of single stock ETFs invest in top, well-favoured US stocks, with a focus to provide high income every month. The top stocks we initially targeted are Eli Lilly, Amazon, Microsoft, and NVIDIA. We also launched Enhanced High Income Shares, which employ modest leverage for even higher levels of income and growth potential.
For more information and recent portfolio manager videos and updates, please visit www.harvestetfs.com.
For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestportfolios.com or call toll free 1-866-998-8298.
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