TORONTO, ONTARIO--(Marketwired - May 26, 2015) -


Harvest Portfolios Group Inc. (the "Manager") is pleased to announce that Tech Achievers Growth & Income Fund (the "Fund") has completed today its initial public offering (the "Offering") of Units at a price of $10.00 per Unit for aggregate gross proceeds of $55 million. The Fund has granted the Agents an over-allotment option to acquire up to 15% of the Units issued at the Closing at a price of $10.00 per Unit exercisable in whole or in part for a period of 30 days following today's closing of the Offering.

The Units are now trading on the Toronto Stock Exchange under the symbol HTA.UN.

The Fund's investment objectives are to provide Unitholders with (i) the opportunity for capital appreciation; (ii) monthly cash distributions; and (iii) lower overall volatility of Portfolio returns than would otherwise be experienced by owning Equity Securities of Technology Achievers directly.

The Fund invests in an equally-weighted Portfolio of Equity Securities of 20 Technology Issuers, which are issuers listed on a North American stock exchange that are included in the information technology, health care equipment, health care technology, wireless telecommunication services or electrical components and equipment sub-sectors of the Global Industry Classification Standards and whose underlying business includes, but is not limited to, the provision of technology related goods and services and that at the time of investment (i) have a market capitalization of at least US$10 billion, and (ii) have options in respect of their Equity Securities listed on a recognized options exchange.

In order to seek to generate additional returns, Highstreet Asset Management Inc. (the "Options Advisor") may sell call options each month on Equity Securities held in the Portfolio. The Options Advisor will not sell call options on more than 33% of the Equity Securities of any of the Technology Achievers held in the Portfolio.

The Manager is responsible for the execution of the Fund's overall investment strategy, including managing the composition of the Portfolio.

The indicative distribution amount is $0.0583 per Unit per month ($0.70 per annum), representing an annual cash distribution of 7% based on the $10.00 per Unit issue price.

The syndicate of agents for the Offering was co-led by BMO Capital Markets, CIBC and Scotiabank, and included National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Dundee Securities Ltd., PI Financial Corp., Desjardins Securities Inc., Global Securities Corporation and Industrial Alliance Securities Inc. (collectively, the "Agents").

Borden Ladner Gervais LLP acted as counsel for the Fund and the Manager and Blake, Cassels & Graydon LLP acted as counsel for the Agents.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund, the Manager and/or the Options Advisor. The forward-looking statements are not historical facts but reflect the Fund's, the Manager's, and/or the Options Advisor's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, the Manager, and/or the Options Advisor believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, the Manager and/or the Options Advisor undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

All capitalized terms noted herein but not defined are as defined in the Prospectus dated April 27, 2015.

For further information: please contact Paul MacDonald at Harvest Portfolios Group Inc. at or at 1-866-998-8298; visit Harvest Portfolios Group Inc. online at; or for additional information or a copy of the Prospectus, please contact your registered financial advisor.

Contact Information:

Harvest Portfolios Group Inc.
Paul MacDonald