Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc.
US Buyback Leaders Fund

US Buyback Leaders Fund

January 29, 2015 16:45 ET

US Buyback Leaders Fund Files Preliminary Prospectus

TORONTO, ONTARIO--(Marketwired - Jan. 29, 2015) - Harvest Portfolios Group Inc. (the "Manager") is pleased to announce that a preliminary prospectus for the US Buyback Leaders Fund (the "Fund") has been filed with, and a receipt therefor issued by, the securities regulatory authorities in each of the provinces and territories of Canada.

The Fund proposes to offer (the "Offering") Class A Units at a price of $10.00 per Class A Unit and Class U Units at a price of US$10.00 per Class U Unit (the Class A Units and Class U Units are collectively referred to as the "Units"). The Class U Units are designed for investors who want to make their investment in U.S. dollars and will not be listed on a stock exchange, but are convertible into Class A Units on a monthly basis.

The Fund's investment objectives are to provide Unitholders with (i) the opportunity for capital appreciation; and (ii) quarterly cash distributions.

The Fund has been created to provide investors with exposure to select large capitalization U.S. companies that are leaders in terms of share repurchase programs or "buybacks". The Fund will invest in an equally-weighted Portfolio of the top 25 ranked US Buyback Leaders that meet the following criteria: (i) are included in the S&P 500 Index; (ii) have a market capitalization that is at least US$10 billion as determined at the time of investment; (iii) are incorporated in the United States of America; (iv) pay a dividend; and (v) have bought back their shares within the prior four quarters as determined at the time of investment.

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 on Class A Units will be $0.10 per Class A Unit per quarter ($0.40 per annum representing an annual cash distribution of 4% based on the $10.00 per Class A Unit issue price) or US$0.10 per Class U Unit per quarter (US$0.40 per annum representing an annual cash distribution of 4% based on the US$10.00 per Class U Unit issue price).

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., Desjardins Securities Inc., Dundee Securities Ltd., Global Securities Corporation, Industrial Alliance Securities Inc. and PI Financial Corp. (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 and/or the Manager. The forward-looking statements are not historical facts but reflect the Fund's and/or 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. Although the Fund and/or the 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 and/or 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.

A preliminary prospectus dated January 28, 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; or for additional information or a copy of the Prospectus, please contact your registered financial advisor.

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