TORONTO, ONTARIO–(Marketwired – June 9, 2016) – Tech Achievers Growth & Income Fund (TSX:HTA.UN), (the “Fund”) announces an expected monthly distribution amount for the following twelve months commencing June 30, 2016 of $0.0583 per Trust Unit ($0.70 per annum). This monthly distribution amount remains the same as the regular monthly distribution paid by the Fund since its inception.
The Fund invests in an equally-weighted Portfolio of Equity Securities of 20 Technology Issuers, which are issuers listed on a North American stock exchange that are included in the information technology, health care equipment, health care technology, wireless telecommunication services or electrical components and equipment sub-sectors of the Global Industry Classification Standards and whose underlying business includes, but is not limited to, the provision of technology related goods and services and that at the time of investment (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.
The Fund’s investment objectives are to provide Unitholders with:
| (i) | the opportunity for capital appreciation; |
| (ii) | monthly cash distributions; and |
| (iii) | lower overall volatility of Portfolio returns than would otherwise be experienced by owning Equity Securities of Technology Achievers directly. |
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 forward-looking statements are not historical facts but reflect the Fund’s, Harvest Portfolios Group Inc. (“Harvest”), the manager of the Fund and /or investment manager’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, including, but not limited to, market factors. Although the Fund, Harvest, the manager of the Fund and /or investment managers 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, Harvest, the manager of the Fund and /or investment manager 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.
For additional information: Please visit www.harvestportfolios.com.
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