Exchange Bulletin
Tech Achievers Growth & Income Fund (HTA.UN) To Trade On Toronto Stock Exchange
Tech Achievers Growth & Income Fund (the “Fund”) - An application has been granted for the original listing in the Industrial category of up to a maximum of 14,375,000 Units ("Units"), of which up to 12,500,000 Units will be issued and outstanding, and up to 1,875,000 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, May 25, 2015, in anticipation of the public offering closing on Tuesday, May 26, 2015. The Units, will be posted for trading at the opening on Tuesday, May 26, 2015 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 Fund’s final prospectus dated April 27, 2015 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "HTA.UN" | CUSIP: 878230 10 1 | Trading Currency: CDN$ |
| Market Maker: | Independent Trading Group |
| 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- Daniel Lazzer (416) 649-4541 dlazzer@harvestportfolios.com |
| Chief Financial Officer: | David Lazzer |
| Corporate Secretary: | Michael Kovacs |
| Incorporation: | The Fund was established under the laws of the Province of Ontario pursuant to a declaration of trust dated April 27, 2015. |
| Manager of the Fund: | Harvest Portfolios Group Inc. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Fund has been created to invest in a portfolio (the “Portfolio”) of 20 equally-weighted Equity Securities of Technology Issuers chosen from the Technology Achievers Investable Universe that at the time of investment and immediately following each quarterly reconstitution and rebalancing (i) have a market capitalization of at least US$10 billion, and (ii) have options in respect of their Equity Securities listed on a recognized options exchange. In order to seek to generate additional returns, the Options Advisor may sell call options each month on Equity Securities held in the Portfolio. The Options Advisor will not sell call options on more than 33% of the Equity Securities of any of the Technology Achievers held in the Portfolio. |
| Transfer Agent & Registrar: | Equity Financial Trust Company at its principal office in Toronto. |
| Distributions: | The Fund intends to make monthly cash distributions 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 May 2016, the Fund will annually determine and announce the Indicative Distribution Amount for the following twelve months based upon the prevailing market conditions. The initial Indicative Distribution Amount will be $0.0583 per Unit per quarter ($0.70 per annum representing an annual cash distribution of 7% based on the $10.00 per Unit issue price). The initial cash distribution will be pro-rated from the Closing Date and is anticipated to be payable on or before July 15, 2015 to Unitholders of record on June 30, 2015. |
| Public Offering: | Pursuant to the terms of the Prospectus, up to a maximum of 14,375,000 Units (including the overallotment option of 1,875,000 Units) at a price of $10.00 per 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., Dundee Securities Ltd., PI Financial Corp., Desjardins Securities Inc., Global Securities Corporation and Industrial Alliance Securities Inc., as agents. |
