Stephenson Strategies Fund Announces Exchange Ratios

TORONTO, ONTARIO--(Marketwired - June 30, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Harvest Portfolios Group Inc. (the "Manager"), on behalf of Stephenson Strategies Fund (the "Fund") is pleased to announce the exchange ratios for the exchange offer by the Fund (the "Exchange Option") being made under the preliminary prospectus of the Fund dated May 27, 2015.

The Fund's investment objectives are to provide Unitholders with: (i) long term capital appreciation; and (ii) superior risk adjusted returns. The Portfolio will consist primarily of listed equity securities that the Investment Manager believes will generate positive risk adjusted returns. The Investment Manager will employ a disciplined but opportunistic approach to active investment management, which means that it will concentrate on the best investment opportunities identified with a focus on risk management. The Fund will seek to provide exposure to global securities with potential for growth. The Investment Manager may also utilize options to assist in the management of risk or to generate additional returns for the Fund.

Stephenson & Company Capital Management Inc. is the investment manager and will provide investment management services to the Fund. Harvest Portfolios Group Inc. will act as the trustee, manager and promoter of the Fund and will provide all administrative services required by the Fund.

The Exchange Ratio was determined by dividing the volume weighted average trading price of such securities on the TSX or other applicable exchange during the Pricing Period, as adjusted to reflect distributions declared by the applicable Exchange Issuer that will not be received by the Fund, by $10.00. Holders of securities of Exchange Eligible Issuers who deposited such securities pursuant to the Exchange Option will continue to be holders of record up to but not including the date of the closing of the offering of Units and will be entitled to receive distributions in respect of such securities of Exchange Eligible Issuers that are declared up to but not including such date. The Exchange Ratios were rounded down to four decimal places. Fractional Units will not be issued by the Fund. Allocation of cash in respect of fractional Units to purchasers who have authorized the deposit of Exchange Eligible Securities through CDS will be at the discretion of the CDS Participant.

The table below sets out the name of the Exchange Eligible Security, TSX ticker symbol, CUSIP number, ISIN, the volume weighted average trading price during the Pricing Period and the Exchange Ratio adjusted for dividends.

Exchange Eligible Securities	Ticker Symbol	CUSIP Number	ISIN	Volume Weighted Average Trading Price (in CAD $)	Exchange Ratios
Company
Agnico Eagle Mines Limited	AEM	008474108	CA0084741085	37.0385	3.7039
Agrium Inc.	AGU	008916108	CA0089161081	128.3458	12.7265
Alimentation Couche-Tard Inc.	ATD/B	01626P403	CA01626P4033	53.8806	5.3881
ARC Resources Ltd.	ARX	00208D408	CA00208D4084	22.0930	2.1993
Bank of Montreal	BMO	063671101	CA0636711016	75.3127	7.5313
The Bank of Nova Scotia	BNS	064149107	CA0641491075	66.2145	6.5535
Barrick Gold Corporation	ABX	067901108	CA0679011084	13.7278	1.3728
BCE Inc.	BCE	05534B760	CA05534B7604	54.0583	5.4058
Blackberry Limited	BB	09228F103	CA09228F1036	10.8605	1.0861
Bombardier Inc.	BBD/B	097751200	CA0977512007	2.4650	0.2465
Brookfield Asset Management Inc.	BAM/A	112585104	CA1125851040	44.8369	4.4837
Cameco Corporation	CCO	13321L108	CA13321L1085	18.5043	1.8404
Canadian Imperial Bank of Commerce	CM	136069101	CA1360691010	95.2115	9.4122
Canadian National Railway Company	CNR	136375102	CA1363751027	74.5621	7.4562
Canadian Natural Resources Limited	CNQ	136385101	CA1363851017	35.6776	3.5678
Canadian Oil Sands Limited	COS	13643E105	CA13643E1051	10.0786	1.0079
Canadian Pacific Railway Limited	CP	13645T100	CA13645T1003	203.9375	20.3588
Canadian Tire Corporation, Limited	CTC/A	136681202	CA1366812024	135.9078	13.5908
Catamaran Corporation	CCT	148887102	CA1488871023	75.3799	7.5380
Cenovus Energy Inc.	CVE	15135U109	CA15135U1093	21.0828	2.1083
CGI Group Inc.	GIB/A	39945C109	CA39945C1095	50.7613	5.0761
Crescent Point Energy Corp.	CPG	22576C101	CA22576C1014	27.1758	2.6946
Eldorado Gold Corporation	ELD	284902103	CA2849021035	5.0997	0.5100
Enbridge Inc.	ENB	29250N105	CA29250N1050	60.0779	6.0078
Encana Corporation	ECA	292505104	CA2925051047	14.6183	1.4618
First Quantum Minerals Ltd.	FM	335934105	CA3359341052	17.7040	1.7704
Fortis Inc.	FTS	349553107	CA3495531079	36.7907	3.6791
Franco-Nevada Corporation	FNV	351858105	CA3518581051	60.1585	6.0159
George Weston Limited	WN	961148509	CA9611485090	102.2842	10.2284
Gildan Activewear Inc.	GIL	375916103	CA3759161035	41.5016	4.1502
Goldcorp Inc.	G	380956409	CA3809564097	20.6354	2.0635
Husky Energy Inc.	HSE	448055103	CA4480551031	24.3582	2.4358
Imperial Oil Limited	IMO	453038408	CA4530384086	49.2602	4.9260
Inter Pipeline Ltd.	IPL	45833V109	CA45833V1094	30.2824	3.0282
Kinross Gold Corporation	K	496902404	CA4969024047	2.8377	0.2838
Loblaw Companies Limited	L	539481101	CA5394811015	65.0370	6.5037
Magna International Inc.	MG	559222401	CA5592224011	71.5027	7.1503
Manulife Financial Corporation	MFC	56501R106	CA56501R1064	24.0149	2.4015
Metro Inc.	MRU	59162N109	CA59162N1096	33.9040	3.3904
National Bank of Canada	NA	633067103	CA6330671034	48.0203	4.8020
Pembina Pipeline Corporation	PPL	706327103	CA7063271034	41.6727	4.1673
Potash Corporation of Saskatchewan Inc.	POT	73755L107	CA73755L1076	38.1962	3.7727
Power Corporation of Canada	POW	739239101	CA7392391016	32.9156	3.2916
Restaurant Brands International Inc.	QSR	76131D103	CA76131D1033	47.2091	4.7209
Rogers Communications Inc.	RCI/B	775109200	CA7751092007	43.2008	4.3201
Royal Bank of Canada	RY	780087102	CA7800871021	78.0899	7.8090
Saputo Inc.	SAP	802912105	CA8029121057	31.5439	3.1414
Shaw Communications Inc.	SJR/B	82028K200	CA82028K2002	27.6090	2.7510
Silver Wheaton Corp.	SLW	828336107	CA8283361076	22.2812	2.2281
SNC-Lavalin Group Inc.	SNC	78460T105	CA78460T1057	44.2373	4.4237
Sun Life Financial Inc.	SLF	866796105	CA8667961053	42.7360	4.2736
Suncor Energy Inc.	SU	867224107	CA8672241079	35.0675	3.5068
Teck Resources Limited	TCK/B	878742204	CA8787422044	13.6744	1.3674
TELUS Corporation	T	87971M103	CA87971M1032	42.7730	4.2773
Thomson Reuters Corporation	TRI	884903105	CA8849031056	48.1933	4.8193
The Toronto-Dominion Bank	TD	891160509	CA8911605092	54.2370	5.3727
TransAlta Corporation	TA	89346D107	CA89346D1078	10.1715	1.0172
TransCanada Corporation	TRP	89353D107	CA89353D1078	53.7461	5.3226
Valeant Pharmaceuticals International, Inc.	VRX	91911K102	CA91911K1021	284.4194	28.4419
Funds
iShares Core S&P 500 Index ETF (CAD- Hedged)	XSP	46428J105	CA46428J1057	24.3406	2.4341
iShares Core S&P/TSX Capped Composite Index ETF	XIC	46430J101	CA46430J1012	23.5698	2.3570
iShares S&P/TSX 60 Index ETF	XIU	46428D108	CA46428D1087	21.8087	2.1809
Vanguard S&P 500 Index ETF	VFV	92205Y105	CA92205Y1051	46.3421	4.6342

The syndicate of agents for the Offering is being co-led by BMO Capital Markets, CIBC and Scotiabank, and includes National Bank Financial Inc., GMP Securities L.P., Canaccord Genuity Corp., Raymond James Ltd., Industrial Alliance Securities Inc., PI Financial Corp., Desjardins Securities Inc., Dundee Securities Ltd., Global Securities Corporation and Manulife Securities Incorporated (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's, 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.

A preliminary prospectus dated May 27, 2015 (the "Prospectus") containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The Prospectus is still subject to completion or amendment. Copies of the 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.

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

For further information: please contact Paul MacDonald at Harvest Portfolios Group Inc. at pmacdonald@harvestportfolios.com or at 1-866-998-8298; visit Harvest Portfolios Group Inc. online at www.harvestportfolios.com; or for additional information or a copy of the Prospectus, please contact your registered financial advisor.