OAKVILLE, ON, March 21,
2022 /CNW/ - Harvest Portfolios Group Inc.
("Harvest") announces the expected monthly distribution amounts for
the Australian REIT Income Fund, (TSX: HRR.UN), ("HRR.UN")
announces an expected monthly distribution amount for the following
twelve months commencing March 31,
2022 of $0.055 per Class A
Unit ($0.66 per annum) and
$0.055 per Class F Unit ($0.66 per annum). This monthly distribution
amount remains the same as the regular monthly distribution paid by
HRR.UN since its inception.
HRR.UN, managed by Harvest, has been established to provide
Unitholders with an actively managed portfolio comprised primarily
of equity securities listed on the Australian Securities Exchange
issued by Australian real estate investment trusts and issuers
principally engaged in the real estate industry in Australia.
HRR.UN's investment objectives are to provide Unitholders
with:
(i) monthly cash
distributions; and
(ii) the opportunity for
capital appreciation.
Founded in 2009, Harvest is a Canadian Investment Fund Manager
managing $2 billion in assets for
Canadian Investors. Harvest offers an innovative suite of exchange
traded funds, mutual funds and publicly-listed structured fund
products designed to satisfy the long-term growth and income needs
of investors. We pride ourselves in creating trusted investment
solutions that meet the expectations of our investors.
This press release contains forward-looking information. The
forward-looking information contained in this press release is
based on historical information concerning monthly distributions of
the Fund. The forward-looking information contained in this press
release constitutes the Fund's expected monthly distribution
amount, as of the date of this press release.
You will usually pay brokerage fees to your dealer if you
purchase or sell units of the Fund on the TSX. If units are
purchased or sold on the TSX, investors may pay more than the
current net asset value when buying units of the Fund and may
receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning units of
an investment fund. An investment fund must prepare disclosure
documents that contain key information about the fund. You can find
more detailed information about the fund in these documents.
Investment funds are not guaranteed, their values change frequently
and past performance may not be repeated. Distributions are paid to
you in cash for the Australian REIT Income Fund unless you request,
pursuant to your participation in a distribution reinvestment plan,
that they be reinvested into the Class A or Class F units. If the
Fund earns less than the amount distributed, the difference is a
return of capital.
SOURCE Harvest Portfolios Group Inc.
