In terms of distributions, HBIG is set to pay a monthly distribution of $0.16 CAD per Class A Unit, with the first payment scheduled for around May 9, to unitholders of record as of April 30.
HBIE will distribute $0.20 CAD per Class A Unit monthly, also with the first distribution expected on or about May 9. HIND will start its monthly distributions at $0.07 CAD per Class A Unit, with the first payment to be made on or about June 7.
Michael Kovacs, president and CEO of Harvest, expressed enthusiasm about the new ETFs: “Harvest is pleased to introduce the first high income generating Balanced ETF in Canada primarily focused on utilizing covered calls.”
He added that HBIG and HBIE are designed to offer “consistent monthly cash distributions while seeking to deliver steady returns through a balanced mix of Equity and Fixed Income ETFs.”
Meanwhile, HIND aims to provide access to the…
