Harvest announces ETF Terminations – Benzinga
OAKVILLE, ON, May 13, 2022 /CNW/ – Harvest Portfolios Group Inc. (“Harvest”) announces that it will be terminating the Class A units of the Harvest Digital Sports & Entertainment Index ETF HSPN, Class U units of the Harvest Digital Sports & Entertainment Index ETF HSPN, Class A units of the Harvest Space Innovation Index ETF ORBT and the Class U units of the Harvest Space Innovation Index ETF ORBT (collectively the “ETFs”) effective at the close of business on or about July 15, 2022 (the “Termination Date”). The last date on which a redemption may be placed with Harvest (Manager of the ETFs) is expected to be on or about July 13, 2022, and the ETFs are expected to be de-listed from the Toronto Stock Exchange, at the request of Harvest, at the close of business on or about July 15, 2022 (the “Delisting Date”), with all Class A and Class U units still held by investors being subject to a mandatory redemption as of the Termination Date.
Unitholders of the ETF will be able to sell their units through the facilities of the stock exchange until the Delisting Date. Any remaining unitholders of the ETF as at the Termination Date will receive the net proceeds from the liquidation of the assets of the ETF, less all liabilities and all expenses incurred with the dissolution of the ETF, on a pro-rata basis.
For additional information: Please visit www.harvestportfolios.com, e-mail firstname.lastname@example.org or call toll free 1-866-998-8298.
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager managing $2.3 billion in assets for Canadian Investors. Harvest offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.
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SOURCE Harvest Portfolios Group Inc.
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