Harvest Announces Listing of Two New Premium Yield Solutions on the TSX
Executive Summary
- Harvest Portfolios Group Inc. completed the initial offering of Class A Units for two new ETFs – the Harvest Premium Yield Canadian Bank ETF (HPYB) and the Harvest Premium Yield Enhanced ETF (HPYE) – which began trading on the Toronto Stock Exchange on the same day.
- Both ETFs will pay semi‑monthly cash distributions of $0.0700 CAD per unit, with the first payments scheduled for early February 2026.
- The funds employ a covered‑call/covered‑put strategy to generate income and mitigate volatility, marking Harvest’s first “Premium Yield” ETF lineup.
Key Details
- ETF Names & Tickers:
- Harvest Premium Yield Canadian Bank ETF – ticker HPYB:TSX
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Harvest Premium Yield Enhanced ETF – ticker HPYE:TSX
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Launch Date: Trading commenced on the Toronto Stock Exchange on January 21, 2026.
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Distribution Schedule (per Class A Unit):
- $0.0700 CAD semi‑monthly.
- First distribution for both ETFs payable ~February 6, 2026 to holders of record on January 30, 2026 (ex‑dividend Jan 30).
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Second distribution payable ~February 19, 2026 to holders of record on February 13, 2026 (ex‑dividend Feb 13).
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Investment Objective – HPYB:
- Levered exposure to a portfolio of Canadian bank equity securities.
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Aim for capital appreciation, regular cash distributions, and reduced volatility via covered call/put writing.
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Investment Objective – HPYE:
- Levered exposure to large‑cap North American equities (market cap ≥ US$10 billion).
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Same goals of capital appreciation, regular cash distributions, and volatility reduction through option writing.
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Strategy Highlights: Both ETFs use covered call and/or covered put options on underlying holdings; the level of option writing may vary with market conditions.
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Management Quote: Paul MacDonald, President & Co‑CIO, stated the launch “will be the first Harvest ETFs to pay twice monthly that use both covered call and put options for income generation and downside volatility mitigation.”
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Investor Resources: Prospectus dated January 8, 2026; ETF factsheets and regulatory documents available on the Harvest website.
Notable Quotes
“Harvest is excited to launch our Premium Yield ETF lineup, which will be the first Harvest ETFs to pay twice monthly that use both covered call and put options for income generation and downside volatility mitigation,” – Paul MacDonald, President and Co‑CIO, Harvest Portfolios Group Inc.