Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc.
Tech Achievers Growth & Income Fund
TSX : HTA.UN

Tech Achievers Growth & Income Fund

June 24, 2015 15:05 ET

Tech Achievers Growth & Income Fund Announces Normal Course Issuer Bid

OAKVILLE, ONTARIO--(Marketwired - June 24, 2015) -

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

Harvest Portfolios Group Inc., the manager (the "Manager") of Tech Achievers Growth & Income Fund (the "Fund") (TSX:HTA.UN) today announced that the Fund will commence a normal course issuer bid to purchase a portion of the outstanding Trust Units (TSX:HTA.UN) on the Toronto Stock Exchange ("TSX") and other Canadian marketplaces, including alternative trading systems. The purpose of the normal course issuer bid for HTA.UN is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per unit and the market price of the Trust Units and to provide enhanced liquidity for the Trust Units. HTA.UN intends to purchase up to 550,000 Trust Units, representing 10% of the public float of the securities issued and outstanding. These purchases will be made in accordance with applicable regulations, and will be effected through the facilities of TSX and/or other Canadian marketplaces, including alternative trading systems over a maximum period of 12 months commencing on June 29, 2015 and ending on the earlier of June 28, 2016 or on such date as the Fund completes its purchase under the normal course issuer bid or on such date as the Fund may otherwise determine. Trust Units purchased will be cancelled. HTA.UN had 5,500,000 Trust Units issued and outstanding and will not purchase in any given 30 day period, in the aggregate more than 110,000, being 2% of the issued and outstanding Trust Units as at June 22, 2015.

Contact Information