Harvest Portfolios Group Inc., based in OAKVILLE, Ontario, recently announced a significant milestone in its operations. The company has paid out over C$1 billion in total ETF cash distributions since its inception. Harvest ETFs is known for its covered call option ETFs, which utilize a trusted covered call writing strategy to generate high income every month from its lineup of Income ETFs.
One of the company’s first covered call ETFs, the Harvest Healthcare Leaders Income ETF (HHL:TSX), was launched in December 2014. Since its inception, HHL has paid out nearly $500 million in total cash distributions and has grown to become Canada’s largest healthcare ETF with over C$1.5 billion in assets under management (AUM).
Harvest Income ETFs have been successful in providing consistent monthly income for unitholders, establishing the company as one of the premier covered call option ETF providers in the country. Michael Kovacs, President and CEO of Harvest, expressed pride in the company’s success and the confidence that supporters have shown in their covered call option strategy. He highlighted the consistent, stable, and predictable monthly income that the strategy has delivered over the company’s 15-year history.
In response to investor needs, Harvest ETFs expanded its offerings in 2023 by launching the Harvest Premium Yield Treasury ETF (HPYT:TSX), the company’s first Fixed Income ETF. This portfolio consists of longer-dated US Treasury ETFs overlayed with an active covered call strategy to generate higher yields and maximize monthly cash flow.
More recently, Harvest ETFs introduced the Harvest High Income Shares ETFs, a new lineup of single stock ETFs that invest in popular US stocks such as Eli Lilly, Amazon, Microsoft, and NVIDIA. Additionally, the company launched Enhanced High Income Shares, which utilize modest leverage to provide even higher levels of income and growth potential.
For investors seeking more information and updates, Harvest ETFs encourages a visit to their website or reaching out via email or phone. The company also offers a monthly commentary newsletter for those interested in receiving timely insights and analyses directly to their inbox.
Founded in 2009, Harvest Portfolios Group Inc. manages $4.9 billion in assets for Canadian Investors and focuses on building wealth through ownership of strong businesses with the potential for growth and steady income over time. Their suite of exchange-traded funds, mutual funds, and structured fund products are designed to meet the long-term growth and income needs of investors.
Investors should be aware of brokerage fees associated with purchasing or selling shares of the investment fund on the TSX. Additionally, ongoing fees and expenses are linked to owning shares of an investment fund, and their values can fluctuate frequently. Past performance may not be indicative of future results, and investment funds are not guaranteed.
For those interested in staying connected with Harvest ETFs, the company can be followed on various social media platforms such as LinkedIn, Twitter, Facebook, YouTube, and Spotify.
Overall, Harvest ETFs’ achievement of surpassing $1 billion in total distributions to unitholders reflects the company’s commitment to delivering consistent income and value to investors. With a strong track record and a focus on innovation, Harvest ETFs continues to be a leading provider of covered call option ETFs in Canada.
