Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc.
Harvest Sustainable Income Fund

January 20, 2012 09:03 ET

Harvest Sustainable Income Fund Announces Normal Course Issuer Bid January 20, 2012

TORONTO, ONTARIO--(Marketwire - Jan. 20, 2012) - Harvest Portfolios Group Inc., the manager (the "Manager") of Harvest Sustainable Income Fund (the "Fund") is pleased to announced that the Fund intends to purchase up to 271,790 listed units of the Fund (the "Units") for cancelation by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange (the "TSX"). The 271,790 Units represent 10% of the public float of the Fund. The Fund had 2,717,900 trust units issued and outstanding as at January 16, 2012. The Fund will not purchase in any given 30 day period, in the aggregate more than 54,358, being 2% of the issued and outstanding trust units.

The purchase may commence on January 20, 2012 and will terminate on December 12, 2012, or on such earlier date as the Fund may complete its purchases or provide notice of termination. Any such purchases will be made in accordance with the requirements of the TSX.

The purpose of the normal course issuer bid is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per Unit and the market price and to provide enhanced liquidity for the units. In the 12 months preceding the date of this release, the Fund has purchased for cancellation 32,100 Units pursuant to an expiring normal course issuer bid at an weighted average price of $10.20 per Unit.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect the 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, including, but not limited to, the ability of the Manager to purchase Units for cancellation by way of the normal course issuer bid, for whatever reason. Readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty therein. The 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.

For a complete disclosure record for the Fund please visit the Fund's profile on www.sedar.com.

Contact Information