Energy Leaders Plus Income Fund Announces Successful Overnight Offering

TORONTO, ONTARIO--(Marketwired - June 10, 2016) -

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Harvest Portfolios Group Inc. (the "Manager" or "Harvest"), the manager of Energy Leaders Plus Income Fund (TSX:HPF.UN) (the "Fund"), is pleased to announce that the Fund has completed the overnight offering of 775,000 Class A units of the Fund (the "Units"). In addition, the Underwriters (as defined herein) have exercised their over-allotment option for 116,250 Units. Total gross proceeds of the offering were $5,347,500.

The syndicate of underwriters for the offering was co-led by BMO Capital Markets, CIBC, Scotiabank and National Bank Financial Inc. and included Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Global Securities Corporation, Industrial Alliance Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation and Manulife Securities Incorporated.

The Fund's investment objectives are to provide holders of units of the Fund with (i) monthly cash distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of the Portfolio (as defined below) returns than would otherwise be experienced by owning equity securities of the Energy Leaders (as defined below) directly.

The Fund invests in a portfolio (the "Portfolio") of equity securities of 20 issuers whose underlying business includes, but is not limited to, the exploration, extraction, refining, transportation, or marketing of oil and/or gas and related products that at the time of investment and immediately following each quarterly reconstitution and rebalancing: (i) have a market capitalization of at least $10 billion; (ii) are paying a dividend/distribution; (iii) have options in respect of their Equity Securities listed on a recognized options exchange; and (iv) have operations and/or offices in at least two countries (each an "Energy Leader").

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 forward-looking statements are not historical facts but reflect the Fund's or the Manager'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 and the Manager believe 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 and the Manager undertake 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.

Visit Harvest Portfolios Group Inc. online at www.harvestportfolios.com; or for additional information or a copy of the prospectus, please contact your registered financial advisor.