Harvest Sustainable Income Fund

Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc.

November 29, 2010 18:05 ET

Harvest Sustainable Income Fund Files Final Prospectus

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - Harvest Portfolios Group Inc. (the "Manager") is pleased to announce that a final prospectus for Harvest Sustainable Income 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 offering is scheduled to close on December 17, 2010.

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:

  1. to provide holders of Units ("Unitholders") with monthly distributions; and
  2. to provide Unitholders with long-term capital preservation while reducing volatility.

The net proceeds of the Offering will be invested in a diversified portfolio of securities of primarily publicly-traded Canadian Sustainable Issuers in order to seek to provide investors with exposure to issuers that the Manager and Avenue Investment Management Inc. (the "Investment Manager") believe offer sustainable income, capital preservation and reduced volatility.

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 and RBC Capital Markets and includes Scotia Capital Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., Canaccord Genuity Corp., Dundee Securities Corporation, Raymond James Ltd., Desjardins Securities Inc., Macquarie Private Wealth Inc., Wellington West Capital Markets Inc., Industrial Alliance Securities Inc. and Mackie Research Capital Corporation (collectively, the "Agents").

Counsel on behalf of the Fund and the Manager is Borden Ladner Gervais LLP and counsel on behalf of the Agents is Blake, Cassels & Graydon LLP.

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 the 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.

This Offering is only made by a prospectus dated November 26, 2010 (the "Prospectus"). The Prospectus contains important information relating to the securities being offered. Copies of the Prospectus may be obtained from any of the Agents. Investors should read the Prospectus before making an investment decision.

All capitalized terms noted herein but not defined are as defined in the Prospectus.

For further information: please contact Michael Kovacs at Harvest Portfolios Group Inc. at mkovacs@harvestportfolios.com or at 1-866-998-8298; or for additional information or a copy of the Prospectus, please contact your registered financial advisor.

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