Harvest Portfolios Group Inc. Announces Unitholder Approval of ETF Conversion
(firmenpresse) - OAKVILLE, ONTARIO -- (Marketwired) -- 04/28/17 -- Tech Achievers Growth & Income Fund (TSX: HTA.UN) (the "Fund") announces that at the special meeting held today, unitholders approved the conversion of the Fund from a closed-end fund into an exchange-traded fund (the "Conversion").
Instead of converting the Fund into a conventional unlisted mutual fund on or about June 20, 2017 as originally contemplated, at the special meeting, unitholders of the Fund approved the conversion of the Fund from a closed-end fund into class A units of an exchange-traded fund (the "Conversion"), including a reduction in the Fund''s annual management fee to 0.85% (from 1.00%). The Manager anticipates implementing the Conversion in June, 2017, subject to obtaining a receipt for the final prospectus of the exchange traded fund and any necessary third party or regulatory approvals. The Manager will issue a press release confirming the effective date of the Conversion after the required approvals have been obtained.
Details of the special meeting are further described in the management information circular which is available at . The management information circular is also available on the Fund''s website at .
You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. The information contained herein is not an offer to sell nor a solicitation to buy any security. Such an offer can only be made by prospectus or other applicable offering document.
Contacts:
Harvest Portfolios Group Inc.
1-866-998-8298
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Datum: 28.04.2017 - 11:38 Uhr
Sprache: Deutsch
News-ID 1501272
Anzahl Zeichen: 2681
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OAKVILLE, ONTARIO
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Commercial Real Estate
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"Harvest Portfolios Group Inc. Announces Unitholder Approval of ETF Conversion
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