The Toronto Stock Exchange reports that Harvest Palantir Enhanced High Income Shares ETF will be listed at 5:01 p.m. on Jan. 15, 2025, for trading at the open on Jan. 16, 2025. According to the TSX, there will be 100,000 Class A units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol PLTE, in Canadian dollars and with Cusip No. 41756T 10 6.
The TSX reports that the ETF seeks to provide unitholders with: (i) long-term capital appreciation by investing, directly or indirectly, on a levered basis, in the Class A common stock of Palantir; and (ii) high monthly cash distributions. According to the TSX, the ETF expects to pay cash distributions on its units, if any, on a monthly basis. The ETF's manager and trustee is Harvest Portfolios Group Inc., its transfer agent and registrar is State Street Trust Company Canada at its principal office in Toronto, and its fiscal year-end is Dec. 31.
As stated in its prospectus dated Jan. 8, 2025, the ETF is issuing 100,000 Class A units at $12 per unit in its initial public offering. It expects to close the offering before the open on Jan. 16, 2025. The designated market-maker is TD Securities Inc.
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