The Toronto Stock Exchange reports that Harvest Premium Yield Treasury ETF will be listed at 5:01 p.m. on Sept. 27, 2023, for trading at the open on Sept. 28, 2023. According to the TSX, there will be 425,000 Class A units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol HPYT, in Canadian dollars and with Cusip No. 417922 10 1.

The TSX reports that the ETF seeks 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. 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 on its 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 Sept. 22, 2023, the ETF is issuing 425,000 Class A units at $12 per unit in its initial public offering. It expects to close the offering before the open on Sept. 28, 2023.