OAKVILLE, Ontario, Sept. 29, 2017 (GLOBE NEWSWIRE) -- Harvest Portfolios Group Inc. (the “Manager”) of Energy Leaders Income Fund, (TSX:HEN.UN), (the "Fund") announces that the Fund will terminate on or about November 30, 2017 (the “Termination Date).
Unitholders are not required to take any action in connection with the termination of the Fund.
In connection with the termination, please note the following:
- The Manager will submit a request to the Toronto Stock Exchange (the “TSX”) to delist the units from the TSX at the close of business on November 30, 2017;
- The Manager will distribute the assets of the Fund for an amount equal to the pro-rata share of the net assets of the Fund remaining after the payment or accrual of all debts, expenses and liabilities and liquidation expenses of the Fund;
- The Fund will pay a final monthly distribution for the period ending October 31, 2017 of $0.07 per unit payable on November 15, 2017 to unitholders of record as at October 31, 2017; and
- Payment of the termination proceeds will be made on or about December 6, 2017 to the beneficial holders of such units through CDS Clearing and Depository Services Inc.
For additional information: Please visit www.harvestportfolios.com, e-mail info@harvestportfolios.com or call 1-866-998-8298.
The Energy Leaders Plus Income ETF (TSX:HPF) has a similar investment strategy for Unitholders who wish to continue with this type of investment mandate. Please refer to the Harvest website and consult your investment advisor for details.
About Harvest Portfolios Group Inc.
Since 2009, Harvest Portfolios Group Inc. (“Harvest”), an independent Canadian investment management company, has been providing Canadian investors access to investment products that generate steady long term income. Harvest managed investment products embrace three investment principles – simplicity, transparency and consistent income to help investors achieve their investment goals.
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. If the Fund earns less than the amount distributed, the difference is a return of capital.