Exchange Bulletin
Energy Leaders Plus Income Fund (HPF.UN) To Trade On Toronto Stock Exchange
Energy Leaders Plus Income Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to a maximum of 11,850,000 Class A Units ("Units"), of which up to 10,000,000 Units will be issued and outstanding, and up to 1,850,000 Units will be reserved for issuance upon completion of an initial public offering (the "Offering").
Listing of the Units will become effective at 5:01 p.m. on Monday, October 20, 2014, in anticipation of the public offering closing on Tuesday, October 21, 2014. The Units, other than those which have not been distributed to the public will be posted for trading at the opening on Tuesday, October 21, 2014 upon confirmation of closing.
Registrations of interests in and transfers of the Units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. ("CDS"). Units must be purchased, transferred and surrendered for retraction only through a CDS Participant. Upon purchase of any Units, the owner will receive only the customary confirmation.
Additional information on the units may be found in the final prospectus dated September 24, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "HPF.UN" | CUSIP: 29272Y 10 5 | Trading Currency: CDN$ |
| Temporary Market Maker: | Jitney Trade Inc. |
| Other Markets: | None |
| Head Office Address: | 710 Dorval Drive Suite 209 Oakville, ON L6K 3V7 |
| Email Address: | info@harvestportfolios.com |
| Website Address: | www.harvestportfolios.com |
| Head Office Telephone Number: | (416) 649-4541 |
| Fax Number: | (416) 649-4542 |
| Investor Relations: | Michael Kovacs (416) 402-6884 mkovacs@harvestportfolios.com - and - Townsend Haines (416) 649-4541 thaines@harvestportfolios.com |
| Chief Financial Officer: | Townsend Haines |
| Corporate Secretary: | Michael Kovacs |
| Incorporation: | The Fund was established under the laws of the Province of Ontario pursuant to a declaration of trust dated September 24, 2014. |
| Manager of the Fund: | Harvest Portfolios Group Inc. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Fund will invest in a portfolio of Equity Securities of Energy Issuers chosen from the Energy Leaders Investable Universe that (i) have a market capitalization of at least $10 billion at the time of investment; (ii) are currently paying a dividend/distribution; (iii) have options in respect of their Equity Securities listed on a recognized options exchange; and (iv) have operations and/or offices in at least two countries. |
| Transfer Agent & Registrar: | Equity Financial Trust Company at its principal office in Toronto. |
| Distributions: | The Fund intends to make monthly cash distributions payable to Unitholders of record on the last Business Day of each month and pay such cash distributions on or before the 15th day of the following month. Beginning in November 2015, the Fund will annually determine and announce the Indicative Distribution Amount for the following 12 months based upon the prevailing market conditions. The Indicative Distribution Amount will be $0.0583 per Unit per month ($0.70 per annum representing an annual cash distribution of 7% based on the $10.00 per Unit issue price) or US$0.0583 per Unit per month (US$0.70 per annum representing an annual cash distribution of 7% based on the US$10.00 per Class U Unit issue price). The initial cash distribution is anticipated to be payable on or before December 15, 2014 to Unitholders of record on November 28, 2014. |
| Class U Units: | In addition to the Units, the Fund is offering Class U Units under the Prospectus. The Class U Units are designed for investors who want to make their inve stment in U.S. dollars and will not be listed on a stock exchange. A holder of Class U Units may convert such Class U Units into Units on a monthly basis and it is expected that liquidity for the Class U Units will be obtained primarily by means of conversion into Units and the sale of such Units. Class U Units may be converted in any month on the first Business Day of such month (the "Conversion Date") by delivering a notice and surrendering such Class U Units no later than 5:00 p.m. (Toronto time) at least fifteen Business Days prior to the applicable Conversion Date. For each Class U Unit so converted, a holder will receive that number of Units equal to the NAV per Class U Unit as at the close of trading on the Business Day immediately preceding the Conversion Date multiplied by the number of Class U Unit so converted divided by the Net Asset Value per Unit as at the close of trading on the Business Day immediately preceding the Conversion Date. No fraction of a Unit will be issued upon any conversion of Class U Units and any remaining fraction of a Class U Unit will be redeemed for cash payment at the NAV per Class U Unit as of the close of trading on the Business Day immediately preceding the Conversion Date. |
| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 11,500,000 Units and/or unlisted Class U Units (including the overallotment option of 1,500,000 Units) at a price of $10.00 per Unit and U.S.$10.00 per Class U Unit are being offered to the public by BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc., Global Securities Corporation, Burgeonvest Bick Securities Limited, Dundee Securities Ltd., Industrial Alliance Securities Inc., Mackie Research Capital Corporation and Manulife Securities Incorporated, as agents. |
