Mr. Michael Kovacs of Harvest Portfolios reports

HARVEST ANNOUNCES NEW ETF LISTINGS ON THE TSX

Harvest Portfolios Group Inc. has completed the initial offering of Class A and U units of the Harvest Premium Yield 7-10 Year Treasury ETF (exchange-traded fund) and Class A units of the Harvest Canadian T-Bill ETF, pursuant to a prospectus dated Jan. 8, 2024, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A and U units of the Harvest Premium Yield 7-10 Year Treasury ETF will commence trading on the Toronto Stock Exchange today under the following ticker symbols: HPYM and HPYM.U, respectively. The Class A units of the Harvest Canadian T-Bill ETF will commence trading on the TSX today under the following ticker symbol: TBIL.

Harvest is also pleased to announce the completion of the initial offering of Class U units of the Harvest Premium Yield Treasury ETF, pursuant to a prospectus dated Sept. 22, 2023, as amended on Nov. 24, 2023, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class U units of the Harvest Premium Yield Treasury ETF will commence trading on the TSX today under the following ticker symbol: HPYT.U.

Distribution announcement

HPYM will pay a monthly distribution of eight cents per Class A unit and HPYM.U will pay a monthly distribution of eight U.S. cents per unit Class U unit, and the first monthly distribution will be paid on or about March 8, 2024, to unitholders of record on Feb. 29, 2024, with an ex dividend date of Feb. 28, 2024.

TBIL will pay a monthly distribution, and the first distribution will be paid on or about Feb. 9, 2024, to unitholders of record on Jan. 31, 2024, with an ex dividend date of Jan. 31, 2024.

HPYT.U will pay a monthly distribution of 15 U.S. cents per Class U unit, and the first monthly distribution will be paid on or about March 8, 2024, to unitholders of record on Feb. 29, 2024, with an ex dividend date of Feb. 28, 2024.

"Harvest is pleased to add these new ETFs to our lineup of fixed income ETFs. By applying our extensive option writing expertise to HPYM, we believe HPYM can provide an attractive yield for Canadian investors. TBIL provides a straightforward low risk income solution for Canadian investors," said Michael Kovacs, president and chief executive officer of Harvest. "After HPYT's strong launch in Q4 of 2023, adding HPYT.U provides investors the ability to invest directly with U.S. dollars."

Investment objectives

HPYM will 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 United States treasury bonds and are listed on a regulated stock exchange in North America. Harvest Premium Yield 7-10 Year Treasury 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.

TBIL will seek to provide interest income through exposure to government of Canada treasury bills, with remaining maturities generally less than three months.

HPYT will 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 longer-dated U.S. treasury bonds and are listed on a regulated stock exchange in North America. Harvest Premium Yield Treasury 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.

Investment dealers can access and download certain regulatory documents relating to HPYM, HPYM.U, TBIL and HPYT.U, such as the ETF facts and prospectus, via the Harvest website.

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is an independent Canadian investment fund manager managing $3.8-billion as at Dec. 31, 2023, in assets for Canadian investors. Harvest fixed income ETFs provide investors the opportunity to invest in intermediate to long-duration U.S. treasury bonds, and short-term treasury bills of the government of Canada. These are among the safest long-term and short-term bonds, as they are backed by the full faith and credit of the U.S. and Canadian governments, respectively. To provide investors access to intermediate to longer-duration U.S. treasury bonds, the company assembled two separate portfolios of U.S. treasury ETFs -- one targeting exposure to intermediate-duration U.S. treasury bonds and the other targeting exposure to long-duration U.S. treasury bonds. Moreover, the company employs an active covered call options strategy with up to 100 per cent write level on each portfolio to generate high income for unitholders. For investors looking for exposure to low-duration bonds and low-risk monthly cash flow, Harvest offers a money market ETF that invests directly in the government of Canada treasury bills.