Harvest Portfolios Group Inc. has made changes to the risk ratings of certain Harvest ETFs, and will terminate an ETF.
For the following funds, the risk rating will increase to “high” from “medium to high”:
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- Harvest U.S. Bank Leaders Income ETF
- Harvest Global Resource Leaders ETF
The risk rating for Harvest European Leaders Income ETF will increase to “medium to high” from “medium.”
No changes have been made to the investment objectives or strategies of these ETFs.
Harvest will terminate the Harvest European Leaders Income ETF effective at the close of business on Mar. 21, 2019. Effective Jan. 25, no further direct subscriptions for fund units will be accepted.
The last date on which a redemption may be placed with Harvest is expected to be the termination date of Mar. 21. The ETF is expected to be de-listed from the Toronto Stock Exchange at the close of business on or about that date. All units still held by investors will then be redeemed.