OAKVILLE, ONTARIO–(Marketwired – June 9, 2016) – US Buyback Leaders Fund, (TSX:HUL.UN), (the “Fund”) announces an expected quarterly distribution amount for the following twelve months commencing June 30, 2016 of $0.10 per Class A Unit ($0.40 per annum) and US$0.10 per Class U Unit (US$0.40 per annum). This quarterly distribution amount remains the same as the regular quarterly distribution paid by the Fund since its inception.
The Fund invests in an equally-weighted Portfolio of Equity Securities of 25 Issuers with the highest Buyback Ratio that (i) are included in the S&P 500 Index; (ii) have a market capitalization of at least US$10 billion as determined at the time of investment; (iii) are incorporated in the United States of America; (iv) are paying a dividend; (v) have bought back their shares within the prior four quarters as determined at the time of investment.
| The Fund’s investment objectives are to provide Unitholders with: | |
| (i) | the opportunity for capital appreciation; |
| (ii) | and quarterly cash distributions. |
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.
