The Toronto Stock Exchange reports that Harvest Premium Yield 7-10 Year Treasury ETF will be listed at 5:01 p.m. on Jan. 15, 2024, for trading at the open on Jan. 16, 2024. According to the TSX, there will be 100,000 Class A units and 100,000 Class U units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The Class A units will trade under the symbol HPYM, in Canadian dollars and with Cusip No. 41754J 20 9. The Class U units will trade under the symbol HPYM.U, in U.S. dollars and with Cusip No. 41754J 10 0.

The TSX reports that the ETF seek to provide high monthly cash distributions to unitholders by investing, on a non-levered basis, in a portfolio of exchange-traded mutual funds, selected by the manager, that provide exposure primarily to intermediate-term U.S. treasury bonds and are listed on a regulated stock exchange in North America. The ETF will generally write covered call options on up to 100 per cent of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.

According to the TSX, the ETF expects to pay cash distributions of income on the units, if any, on a monthly basis. The ETF's manager and trustee is Harvest Portfolios Group Inc., its transfer agent and registrar is State Street Trust Company Canada at its principal office in Toronto, and its fiscal year-end is Dec. 31. As stated in its prospectus dated Jan. 8, 2024, the ETF is issuing 100,000 Class A units at $12 (Canadian) per unit and 100,000 Class U units at $12 (U.S.) per unit in its initial public offering. It expects to close the offering before the open on Jan. 16, 2023. The designated market-maker is National Bank Financial Inc.