TORONTO, ONTARIO -- (Marketwired) -- 09/28/15 -- Harvest Portfolios Group Inc. (the "Manager") is pleased to announce that a preliminary prospectus for Global Aging Opportunities Growth & Income Fund (the "Fund") has been filed with, and a receipt therefor issued by, the securities regulatory authorities in each of the provinces and territories of Canada.
The Fund proposes to issue Units at a price of $10.00 per Unit (the "Offering"). The Fund's investment objectives are to provide unitholders with (i) the opportunity for capital appreciation; and (ii) quarterly cash distributions through exposure to an actively managed portfolio consisting primarily of global publicly traded equity securities of companies that the Investment Manager (as defined herein) believes will benefit from the aging of the population.
Amundi Canada Inc., a fully-owned subsidiary of Amundi S.A. (a corporation incorporated under French law), has been retained as the investment manager for the Fund (the "Investment Manager"). The Investment Manager has retained CPR Asset Management, a fully-owned subsidiary of Amundi Group, as sub-advisor for the Fund (the "Sub-Advisor").
The indicative distribution amount will be $0.10 per Unit per quarter ($0.40 per annum), representing an annual cash distribution of 4.0% based on the per Unit issue price.
The syndicate of agents for the Offering is being co-led by BMO Capital Markets, CIBC and Scotiabank, and includes National Bank Financial Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Industrial Alliance Securities Inc., PI Financial Corp., Desjardins Securities Inc., Dundee Securities Ltd., Global Securities Corporation and Mackie Research Capital Corporation (collectively, the "Agents").
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund, the Manager, Investment Manager or Sub-Advisor. The forward-looking statements are not historical facts but reflect the Fund's, the Manager's, the Investment Manager's and/or the Sub-Advisor's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Fund, the Manager, the Investment Manager and/or the Sub-Advisor believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, the Manager, the Investment Manager and/or the Sub-Advisor undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
A preliminary prospectus dated September 28, 2015 (the "Prospectus") containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The Prospectus is still subject to completion or amendment. Copies of the Prospectus may be obtained from any of the Agents. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
All capitalized terms noted herein but not defined are as defined in the Prospectus.
For further information: please visit Harvest Portfolios Group Inc. online at www.harvestportfolios.com; or for additional information or a copy of the Prospectus, please contact your registered financial advisor.
Harvest Portfolios Group Inc.