Tech Achievers Growth & Income Fund Announces Exchange Ratios


TORONTO, ONTARIO--(Marketwired - April 24, 2015) - Harvest Portfolios Group Inc. (the "Manager"), on behalf of Tech Achievers Growth & Income 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 March 30, 2015.

The Fund's investment objectives are to provide Unitholders with (i) the opportunity for capital appreciation; (ii) monthly cash distributions; and (iii) lower overall volatility of Portfolio returns than would otherwise be experienced by owning Equity Securities of Technology Achievers directly.

The Fund will invest in an equally-weighted Portfolio of Equity Securities of 20 Technology Issuers, which are issuers listed on a North American stock exchange that are included in the information technology, health care equipment, health care technology, wireless telecommunication services or electrical components and equipment sub-sectors of the Global Industry Classification Standards and whose underlying business includes, but is not limited to, the provision of technology related goods and services and that at the time of investment (i) have a market capitalization of at least US$10 billion, and (ii) have options in respect of their Equity Securities listed on a recognized options exchange.

In order to seek to generate additional returns, Highstreet Asset Management Inc. (the "Options Advisor") may sell call options each month on up to 33% of each of the Equity Securities held in the Portfolio.

The Manager will be responsible for the execution of the Fund's overall investment strategy, including managing the composition of the Portfolio.

The indicative distribution amount will be $0.0583 per Unit per month ($0.70 per annum), representing an annual cash distribution of 7% based on the per Unit issue price.

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. For issuers that only trade in U.S. dollars, the U.S. dollar amount was converted to Canadian dollars using the Reference Exchange Rate on April 24, 2015. 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 adjusted for dividends and the Exchange Ratio.






Exchange Eligible Securities




Ticker
Symbol




CUSIP
Number





ISIN
Volume
Weighted
Average
Trading
Price in
CAD $




Exchange
Ratio
US Companies
Adobe Systems Incorporated ADBE 00724F101 US00724F1012 92.5729 9.2573
Agilent Technologies, Inc. A 00846U101 US00846U1016 51.8941 5.1894
Analog Devices, Inc. ADI 032654105 US0326541051 76.7138 7.6714
Apple Inc. AAPL 037833100 US0378331005 157.1344 15.7134
Autodesk, Inc. ADSK 052769106 US0527691069 76.0275 7.6027
Boston Scientific Corporation BSX 101137107 US1011371077 22.3738 2.2374
Broadcom Corporation BRCM 111320107 US1113201073 55.5452 5.5545
Cisco Systems, Inc. CSCO 17275R102 US17275R1023 34.9249 3.4925
Corning Incorporated GLW 219350105 US2193501051 27.4448 2.7445
EMC Corporation EMC 268648102 US2686481027 32.6897 3.2690
Facebook, Inc. FB 30303M102 US30303M1027 101.7716 10.1772
Google Inc. GOOGL 38259P508 US38259P5089 687.7286 68.7729
Hewlett-Packard Company HPQ 428236103 US4282361033 40.6466 4.0647
International Business Machines Corporation IBM 459200101 US4592001014 205.1811 20.5181
Intel Corporation INTC 458140100 US4581401001 38.9836 3.8984
Intuit Inc. INTU 461202103 US4612021034 122.2941 12.2294
Intuitive Surgical, Inc. ISRG 46120E602 US46120E6023 629.2119 62.9212
Micron Technology, Inc. MU 595112103 US5951121038 35.6552 3.5655
Microsoft Corporation MSFT 594918104 US5949181045 55.1060 5.5106
Motorola Solutions, Inc. MSI 620076307 US6200763075 74.2393 7.4239
NetApp, Inc. NTAP 64110D104 US64110D1046 43.9802 4.3980
NVIDIA Corporation NVDA 67066G104 US67066G1040 26.8920 2.6892
Oracle Corporation ORCL 68389X105 US68389X1054 52.6645 5.2664
QUALCOMM Incorporated QCOM 747525103 US7475251036 82.9232 8.2923
Red Hat, Inc. RHT 756577102 US7565771026 92.9531 9.2953
salesforce.com, inc. CRM 79466L302 US79466L3024 82.9667 8.2967
SanDisk Corporation SNDK 80004C101 US80004C1018 82.8204 8.2820
St. Jude Medical, Inc. STJ 790849103 US7908491035 89.6445 8.9644
Stryker Corporation SYK 863667101 US8636671013 117.6934 11.7693
Symantec Corporation SYMC 871503108 US8715031089 29.8281 2.9828
Texas Instruments Incorporated TXN 882508104 US8825081040 66.3707 6.6371
T-Mobile US, Inc. TMUS 872590104 US8725901040 41.6072 4.1607
Twitter, Inc. TWTR 90184L102 US90184L1026 62.6084 6.2608
Yahoo! Inc. YHOO 984332106 US9843321061 53.6204 5.3620
Canadian Companies
BCE Inc. BCE 05534B760 CA05534B7604 54.4790 5.4479
Blackberry Limited BB 09228F103 CA09228F1036 12.3546 1.2355
Bombardier Inc. BBD/B 097751200 CA0977512007 2.5710 0.2571
Celestica Inc. CLS 15101Q108 CA15101Q1081 14.6916 1.4692
CGI Group Inc. GIB/A 39945C109 CA39945C1095 55.6948 5.5695
Constellation Software Inc. CSU 21037X100 CA21037X1006 491.2467 49.1247
DH Corporation DH 23290R101 CA23290R1010 42.1516 4.2152
Magna International Inc. MG 559222401 CA5592224011 64.3588 6.4359
Manitoba Telecom Services Inc. MBT 563486109 CA5634861093 25.9793 2.5979
Open Text Corporation OTC 683715106 CA6837151068 69.2277 6.9228
Rogers Communications Inc. RCI/B 775109200 CA7751092007 43.2042 4.3204
Shaw Communications Inc. SJR/B 82028K200 CA82028K2002 27.3215 2.7321
Sierra Wireless, Inc. SW 826516106 CA8265161064 45.4541 4.5454
TELUS Corporation T 87971M103 CA87971M1032 42.6504 4.2650
The Descartes Systems Group Inc. DSG 249906108 CA2499061083 19.5462 1.9546
Thomson Reuters Corporation TRI 884903105 CA8849031056 50.0786 5.0079
Valeant Pharmaceuticals International, Inc. VRX 91911K102 CA91911K1021 254.2672 25.4267
Funds
iShares Core S&P 500 Index ETF(CAD- Hedged) XSP 46428J105 CA46428J1057 24.3888 2.4389
iShares Core S&P/TSX Capped Composite Index ETF XIC 46430J101 CA46430J1012 24.2278 2.4228
iShares Global Tech ETF IXN 464287291 US4642872919 121.4708 12.1471
iShares North American Tech ET IGM 464287549 US4642875490 129.5705 12.9570
iShares S&P/TSX 60 Index ETF XIU 46428D108 CA46428D1087 22.5926 2.2593
iShares S&P/TSX Capped Information Technology Index ETF XIT 46428N106 CA46428N1069 13.3057 1.3306
iShares US Technology ETF IYW 464287721 US4642877215 131.7163 13.1716
Vanguard Information Technology ETF VGT 92204A702 US92204A7028 132.8351 13.2835
Vanguard S&P 500 Index ETF VFV 92205Y105 CA92205Y1051 45.7058 4.5706

The syndicate of agents for the Offering is being co-led by BMO Capital Markets, CIBC and Scotiabank, and includes National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Dundee Securities Ltd., PI Financial Corp., Desjardins Securities Inc., Global Securities Corporation 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 Options Advisor. The forward-looking statements are not historical facts but reflect the Fund's, the Manager's, and/or the Options Advisor'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 Options Advisor 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 Options Advisor 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 March 30, 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.

Contact Information:

Harvest Portfolios Group Inc.
Paul MacDonald
1-866-998-8298
pmacdonald@harvestportfolios.com
www.harvestportfolios.com