Harvest Global Transportation Plus Fund

January 22, 2010 12:47 ET

Harvest Global Transportation Plus Fund Files Preliminary Prospectus

TORONTO, ONTARIO--(Marketwire - Jan. 22, 2010) - Harvest Portfolios Group Inc. (the "Manager") is pleased to announce that a preliminary prospectus for the Harvest Global Transportation Plus Fund (the "Fund") has been filed with, and a receipt therefore issued by, the securities regulatory authorities in each of the provinces and territories of Canada.

The Fund proposes to issue units (the "Units") of the Fund (the "Offering") at a price of $12.00 per Unit.

The Fund's investment objectives are to provide holders of Units with:

(i) long-term capital appreciation; and
(ii) quarterly distributions (initially targeted to be $0.12 per Unit
($0.48 per annum) representing an annual cash distribution of 4% based
on the $12.00 per Unit issue price).

The net proceeds of the Offering will be invested primarily in securities of publicly-traded global transportation issuers. The Fund may also invest up to 30% of the value of the portfolio in other issuers that offer good value and growth potential.

Third Avenue Management LLC (the "Investment Manager") will be responsible for the execution of the Fund's overall investment strategy, including managing the composition of the portfolio of the Fund.

The syndicate of agents is being co-led by BMO Capital Markets, CIBC World Markets Inc. and RBC Capital Markets and includes National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Dundee Securities Corporation, Raymond James Ltd., Canaccord Financial Ltd., Macquarie Capital Markets (Canada) Ltd., Wellington West Capital Markets Inc., Desjardins Securities Inc. and Industrial Alliance Securities Inc. (collectively, the "Agents").

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 Manager and/or the Investment Manager. The forward-looking statements are not historical facts but reflect the Fund's, the Manager 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. Although the Fund, the Manager and/or the Investment Manager 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, the Manager and/or the 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.

A preliminary prospectus dated January 20, 2010 containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the Agents. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

For additional information or a copy of the preliminary prospectus: please contact your registered financial advisor.

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