Harvest ETFs Completes Final Reinvested Distributions for 2023

Harvest Portfolios Group Inc., known simply as Harvest, has finalized the annual reinvested distributions for its range of Exchange-Traded Funds (ETFs) for the tax year of 2023. With a focus on building long-term wealth, Harvest is a Canadian Investment Fund Manager known for creating reliable investment solutions that address the growth and income needs of investors.

Revised Distributions Announced

In a turn of events, the figures released in recent declarations by Harvest on November 30, 2023, and December 21, 2023, have been replaced by this new announcement. These reinvested distributions are essential to investors as they impact the adjusted cost base and the taxable income related to their ETF holdings.

Understanding the Reinvested Distributions

Here's what investors need to know: these annual distributions will not be dispensed in cash. Instead, they are being reinvested back into the funds. Consequently, this process will not affect the number of each investor's held units, the outstanding units of the ETF, or the ETF's net asset value. Early in 2024, Harvest will provide brokers with the accurate taxable amounts and distribution types through CDS Clearing and Depository Services Inc.

Investors should mark December 28, 2023, as the ex-dividend date for these reinvested distributions, with the record date on December 29, 2023.

About Harvest

Harvest, established in 2009, manages assets totaling $3.8 billion. The company offers a variety of ETFs, mutual funds, and structured fund products designed for the longevity and steady earning potential for their clients. Harvest prides itself on guiding principles that focus on strong business ownership, potential growth, and generating consistent income over time.

The comprehensive range of products led by Harvest enables varying investment strategies aligning with investors' long-term financial objectives. ETFs are considered a significant component in modern investment portfolios, offering diversification, flexibility, and potential tax efficiency.

Visit the official website of Harvest Portfolios Group Inc. for additional details on the reinvested distributions and other inquiries.

Harvest, ETFs, Tax