OAKVILLE, ON, May 13, 2022
/CNW/ - Harvest Portfolios Group Inc. ("Harvest") announces that it
will be terminating the Class A units of the Harvest Digital Sports
& Entertainment Index ETF (TSX: HSPN), Class U units of the
Harvest Digital Sports & Entertainment Index ETF (TSX: HSPN.U),
Class A units of the Harvest Space Innovation Index ETF (TSX: ORBT)
and the Class U units of the Harvest Space Innovation Index ETF
(TSX: ORBT.U) (collectively the "ETFs") effective at the close of
business on or about July 15, 2022
(the "Termination Date"). The last date on which a redemption may
be placed with Harvest (Manager of the ETFs) is expected to be on
or about July 13, 2022, and the ETFs
are expected to be de-listed from the Toronto Stock Exchange, at
the request of Harvest, at the close of business on or about
July 15, 2022 (the "Delisting Date"),
with all Class A and Class U units still held by investors being
subject to a mandatory redemption as of the Termination Date.
Unitholders of the ETF will be able to sell their units through
the facilities of the stock exchange until the Delisting Date. Any
remaining unitholders of the ETF as at the Termination Date will
receive the net proceeds from the liquidation of the assets of the
ETF, less all liabilities and all expenses incurred with the
dissolution of the ETF, on a pro-rata basis.
For additional information: Please visit
www.harvestportfolios.com, e-mail info@harvestportfolios.com or
call toll free 1-866-998-8298.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager
managing $2.3 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.
You will usually pay brokerage fees to your dealer if you
purchase or sell units of the Fund(s) on the TSX. If the units are
purchased or sold on the TSX, investors may pay more than the
current net asset value when buying units of the Fund(s) 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. Investment funds are not guaranteed, their
values change frequently and past performance may not be repeated.
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.
SOURCE Harvest Portfolios Group Inc.
