TORONTO, ONTARIO--(Marketwired - March 30, 2015) - Harvest Portfolios community Inc. (the "manager") is blissful to announce that a preliminary prospectus for Tech Achievers growth & profits Fund (the "Fund") has been filed with, and a receipt therefor issued with the aid of, the securities regulatory authorities in every of the provinces and territories of Canada.
The Fund proposes to concern devices at a price of $10.00 per Unit (the "offering"). prospective valued clientele investing within the Fund may have the alternative of buying devices in cash or by means of exchanging securities of issuers listed in the preliminary prospectus. prospective shoppers under the change alternative are required to deposit their change Eligible Securities earlier than 5:00 p.m. (Toronto time) on April 24, 2015 in the method described in the preliminary prospectus.
The Fund's investment goals are to deliver Unitholders with (i) the opportunity for capital appreciation; (ii) month-to-month money distributions; and (iii) reduce normal volatility of Portfolio returns than would in any other case be experienced by using owning fairness Securities of technology Achievers without delay.
The Fund will put money into an equally-weighted Portfolio of fairness Securities of 20 expertise Issuers, that are issuers listed on a North American inventory change which are covered within the suggestions expertise, health care gadget, fitness care expertise, wireless telecommunication capabilities or electrical add-ons and equipment sub-sectors of the global trade Classification necessities and whose underlying company includes, but is not restricted to, the supply of know-how connected goods and features and that on the time of funding (i) have a market capitalization of at the least US$10 billion, and (ii) have alternate options in respect of their equity Securities listed on a diagnosed alternate options exchange.
with a purpose to are trying to find to generate extra returns, Highstreet Asset management Inc. (the "options consultant") might also promote call alternatives each and every month on up to 33% of each and every of the fairness Securities held in the Portfolio.
The manager will be responsible for the execution of the Fund's average investment method, including managing the composition of the Portfolio.
The indicative distribution amount may be $0.0583 per Unit per 30 days ($0.70 per annum), representing an annual cash distribution of seven% in accordance with the per Unit problem price.
The syndicate of agents for the offering is being co-led via BMO Capital Markets, CIBC and Scotiabank, and includes national bank economic Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Dundee Securities Ltd., PI financial Corp., Desjardins Securities Inc., world Securities business enterprise and Industrial Alliance Securities Inc. (collectively, the "brokers").
definite statements included during this information liberate represent forward-looking statements, including, however now not restricted to, these recognized by the expressions "expect", "intend", "will" and equivalent expressions to the extent they relate to the Fund, the manager and/or the alternatives consultant. The forward-searching statements are not old records but mirror the Fund's, the manager's, and/or the options consultant's current expectations concerning future effects or routine. These forward-searching statements are area to a couple of risks and uncertainties that may trigger precise results or movements to vary materially from latest expectations. despite the fact the Fund, the supervisor, and/or the options marketing consultant believes that the assumptions inherent within the ahead-looking statements are competitively priced, ahead-searching statements are
no longer ensures of future performance and, for that reason, readers are cautioned no longer to place undue reliance on such statements as a result of the inherent uncertainty therein. The Fund, the manager and/or the alternatives marketing consultant undertakes no responsibility to update publicly or in any other case revise any ahead-looking remark or information no matter if on account of new advice, future activities or other such factors which affect this information, except as required by means of legislation.
A preliminary prospectus dated March 30, 2015 (the "Prospectus") containing crucial advice concerning these securities has been filed with securities commissions or equivalent authorities in every of the provinces and territories of Canada. The Prospectus continues to be field to completion or modification. Copies of the Prospectus could be received from any of the brokers. There aren't any sale or any acceptance of a suggestion to buy the securities unless a receipt for the closing prospectus has been issued.
All capitalized terms cited herein however no longer defined are as described in the Prospectus.
For extra information: please contact Paul MacDonald at Harvest Portfolios community Inc. at pmacdonald@harvestportfolios.com or at 1-866-998-8298; talk over with Harvest Portfolios community Inc. on-line at www.harvestportfolios.com; or for more information or a copy of the Prospectus, please contact your registered monetary advisor.
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